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Topic: New Bitcoin Security Standards, multi-signature wallets are becoming standard. (Read 592 times)

legendary
Activity: 2053
Merit: 1356
aka tonikt
Problem with multisig transactions is that they are big - less of them fit into one block, so they essentially become more expensive.
I guess their price will eventually limit the usage. Not so much a lack of software.
member
Activity: 81
Merit: 10
http://www.coindesk.com/year-multisig-so-far/
Bitalo.com explicitly mentioned: Multi-Signature combined with backup transaction technology. Thanks to Two-Factor Authentication you can setup your wallet even on a fully hacked computer and thanks to a backup-transaction you get your bitcoins out, even when the website is completely offline. This is the new standard I hope every Bitcoin site will adapt.
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