COINKITE LAUNCHES ADVANCED MULTISIG SUPPORT

NEW YORK (InsideBitcoins) – Starting today, anyone who has a Coinkite account will be able to take advantage of multi-signature addresses. This form of multi-party bitcoin ownership has slowly made its way to various bitcoin wallets over the course of 2014, and Coinkite pulled no punches when it came to their own implementation of this valuable feature. Coinkite’s multisig implementation means that a certain number of up to fifteen different people can be required to sign off on bitcoin transactions attached to a particular address.
Ultimate flexibility with bitcoin multisig addresses
Coinkite is offering what may be the largest number of multisig bitcoin address options for an online wallet. First of all, most other online bitcoin wallet providers only offer 2-of-3 multisig addresses, if they offer multisig as an option at all. Coinkite also offers a large variety of options when it comes to how the private keys associated with a multisig address will be generated and where those keys will be stored. Users can choose to generate keys offline or online, and the long list of options provides flexibility for a wide range of bitcoin users. Coinkite users even have the option of simply importing a public key and signing a message as a way to prove ownership.

This post was published at Inside Bitcoins on Nov 18, 2014.