Bitgo Wallet
One of the top most trusted wallet provider in the bitcoin space. Innovators with an edge and easy to use and intuitive design.
BitGo (www.bitgo.com) operates a Bitcoin security-as-a-service platform based on its innovative multi-signature technology. The BitGo wallet uses multi signature technology to underpin its product offering by sharing keys between themselves and the user.
The company operates a security-as-a-service platform that powers their online Bitcoin wallet and enterprise solutions for corporate treasury and key management.
The technology that BitGo has built and what they’re productizing into a broad services company, the way that BitGo works is that they issue 3 keys and you need 2 of those keys to unlock funds. Think of it like co-signing at a bank, you need 2 signatures by the principals of the company, or nuclear missile keys, you need 2 keys at the same time.
BitGo believes that Bitcoin is money, and since that it is money, it’s really important to protect it. Who can use it? Consumers can use it who are making investments in Bitcoin, merchants can use it who are accepting Bitcoin as payments and want to store funds in their own accounts and financial services companies can use it if they’re building out a hedge fund or trading platform around Bitcoin.
The company currently offers BitGo Enterprise™, the first multi-sig, multi-user solution for corporations and financial institutions to manage their Bitcoin holdings with enterprise-grade security.
The BitGo platform also enables exchanges, marketplaces, and e-commerce players to facilitate secure, multi-party transactions that are secured with BitGo.
Essentially commercial grade software for the individual. Processing $1 Billion transactions a month.
Contents
History
BitGo was founded in 2013.
In January 2014, the company partnered with CoinJolt allowing users to buy, sell and invest in digital assets instantly with zero fees. The partnership secured insurance covering the value of Bitcoin stored on their servers and launched the vault system for secure Bitcoin investments and storage.
That’s where the BitGo.com and partnership comes in, an investment platform specifically catering to cryptocurrency investors. What does the partnership mean? It means greater security in Bitcoin trading and will enable both companies to provide multi-signature blockchain based custodial services for USD and Bitcoin swaps, executed on CoinJolt’s trading platform and this unveils the first zero fee digital currency exchange and did you know, that CoinJolt price index is the only global benchmark for accurate digital asset pricing?
This collaboration will CoinJolt to become the industry’s first and only player to enable its clients to have hot and cold wallet storage built into each of their investment accounts. Now that market participants can now trade with the confidence of knowing the required collateral is in place which serves to create a safe and sound investment management platform and marketplace.
These are really great innovations in security for Bitcoin, this is the first time the block chain is serving as the collateral repository for an investment management company worth tens of billions of dollars.
On June 16, 2014, BitGo raised $12M led by Redpoint Ventures. [1]
Features:
- Platforms: Web, iOS, Android
- Validation Type: Centralized
- Wallet Features: 2 Factor Authentication, Hierarchical Deterministic, Multi-Signature
- Anonymity: Medium
- Security: Third Party Encrypted
- Coins: BTC
- Source Code Url: [ ]
- Ease Of Use: Easy