Bitcoin has always been a currency concerned with security and anonymity. From its inception, hundreds of wallets and storage systems have attempted to substantiate themselves as the de facto storage system for the precious coins of users all over the world. And while security preaches to even the safest of wallets continue to shed doubt on the safety of Bitcoin, increases in technology have allowed for new and exciting opportunities in the realm of Bitcoin wallets to come about.
Ciphrex is one wallet poised to revolutionize the industry of Bitcoin protection and storage. Offering a variety of two-factor identification methods, encryption ahead of its time, as well as a respected reputation in the crypto-sphere, Ciphrex may very well be a considerable option for those users of Bitcoin looking for a new place to store their anonymous currencies.
This guide will provide a look into the factors that make Ciphrex such a real contender as a viable place to store coins. Giving special attention to its advanced security protocols and substantiated developmental history, the goal of this guide is to provide consumers with all the information necessary to evaluate Ciphrex as a trusted coin wallet.
Founding Of Ciphrex
As their “About” section elaborates, San Diego-based Ciphrex is a software company which specializes in the development of “blockchain technology, digital currency protocols, and decentralized consensus networks.” Having been around for years, the company rolled out their currency wallet a few years back, and immediately garnered a reputation as a secure platform for storage.
The co-founder of the company, Eric Lombrozo, already had a positive reputation as a major speaker and writer on a variety of tech and crypto-topics all around the world. Subsequently, consumers can place substantial stock in the beginnings of Ciphrex, as a company and as a wallet.
The Security Of Ciphrex
The security built into a Bitcoin wallet is often the most important factor to many consumers. Luckily, Ciphrex has won quite the reputation as a safe way to store Bitcoins.
For the most part, the security appeal of a Ciphrex wallet comes from the company’s technologies, which allow each party in the transaction to independently generate signing keys. This means that no one involved with the transaction will even have access to the private encryption keys of either party. This is a major factor that allows Ciphrex to claim complete safety.
The multisignature nature of the Ciphrex wallet means that users conducting a transaction can safely link their account to multiple devices, safely conducting transactions from nearly anywhere. Additionally, Ciphrex allows businesses to set up joint accounts all over the world with which to conduct business.
Additionally, the original site for Bitcoin endorses Ciphrex as “one of the most secure wallets.” The open source platform allows users from all over the world to contribute to the safety of the platform, adjusting and changing things as they need to fit their own project and needs.
Another major reason that users might consider making the switch to Ciphrex is the ease of download. Offering a download for Windows 64-bit, Mac, and Linux, the project has presence in nearly every popular computer platform. The step-by-step download process provided in the download genie walks users though the download and usage process, making it even easier to use.
Once Ciphrex has been downloaded, transferring funds is, in process, similar to the other major Bitcoin wallets. The only difference is that Ciphrex’s complex security measures allow users to sync their coins to multiple devices without sacrificing any of their security.
Final Words On Ciphrex
Finding a secure and simple-to-use wallet is often listed among the biggest concerns of new users of Bitcoin. Luckily, technological innovations coming out of San Diego-based Ciphrex Corp. have made it even easier for users to safely store their currencies. Their multisignature wallets are perfect for users looking to up their security while expanding the possibilities of a singular wallet to innovate and consolidate their decentralized funds.