Top Bitcoin Wallets 2016

Since the beginning of 2015, the bitcoin industry has seen an increasing number of data breaches targeted at bitcoin wallet service providers and exchanges, leaving the private keys of bitcoin accounts and user funds vulnerable to potential hacking attacks.
Leading bitcoin exchanges and wallet platforms have begun to implement backup encryption systems, the multi-signature technology and provide hierarchical deterministic (HD) wallets to secure user funds.
Deterministic & Multi-Sig Wallets
Leading deterministic bitcoin wallet platforms include Electrum, CarbonWallet, TREZOR and Armory.
Carbon Wallet is a web based deterministic bitcoin wallet which generates private keys from the passphrase that does not hold a server side storage. Transactions are signed locally in the browser and private keys are not shared with the server.
Carbon Wallet requires users to control at least two private keys using the multi-signature technology. The web-based platform automatically encrypts private keys with the passphrase of the browser.
Furthermore, unlike popular bitcoin wallet platforms including blockchain.info, Coinbase and Circle, Carbon Wallet implements a unique 2 factor authorization system called Out of Band 2 Factor, which ‘means that users’ 2 factor security is not open to social engineering.’

This post was published at NewsBTC on November 30, 2015.