More Open Source Multi Signature Web Based HD Wallet?

    Following the widespread acceptance of cryptocurrencies are probably the best forms of payment for the future, the number of wallets to be used to hold these coins has been growing too. But while some of them are trustworthy, reliable and downright authentic, caution is still vital lest a crypto enthusiast loses by trusting a wallet that isn’t genuine.

    What Is is another Bitcoin wallet that presents itself as an “Open source, Multi signature, and HD Wallet.” But as a browser-based Bitcoin wallet, it further promises to let each of its users be a bank of their own, take control of their funds and be confident that their coins are safe and secure.

    From’s ‘About' page, we are told it is a free and open source project, sponsored, licensed and released under the MIT. It started as a javascript project for developing a proof of a concept multisig solution in 2013 before it was converted into a Bitcoin-centered wallet for experimental purposes. It is safe to say that work on this wallet is far from over.

    Away from these promises, however, there’s a considerable need to study this HD wallet and soberly determine if it is indeed safe and legit or not!

    Ease Of Use

    First, it is important to say that this wallet can be trusted given that it uses javascript to create the addresses for each transaction. Its developers can’t access your private key, and you can even verify this using the source code on Github. Better yet, a user can download the wallet and run it offline!

    As for its ease of use, there are useful guidelines, including How-to Guides for easy use. Creating new Multisig addresses is even easier as it accepts both the compressed and uncompressed public keys.

    Can It Be Trusted As A Safe Bitcoin Wallet?

    Work on developing is supported by generous donors who also pay for its hosting. But that doesn’t mean everything it guarantees, including the user’s privacy, is jeopardized. Since its developers are concerned with the privacy and security of this wallet’s users, they have embarked on designed to support TOR (has an official .onion address). That means, it never tracks and stores user’s IP or transactional data nor stores the user’s private key.

    It is an HD (bip32) wallet that is compatible with Bitcoin-qt and supports Altcoins that include Litecoin and BTC. It also comes with an offline QR Code creator and scanner. Multi Signature Web Based HD Wallet Features is free to use or edit as it is an open source web-based wallet. However, it supports a couple of features including:

    • Several tasks that can be executed offline, including creating offline multi-signature address as well as offline compressed and uncompressed address creation.
    • In-browser Key generation and regeneration.
    • Smooth sending and receiving payments.
    • Building custom transactions offline.
    • Adding custom instructions to transactions offline.
    • Signing transactions offline.
    • Broadcasting transactions.
    • Decrypting transactions and redeeming scripts.
    • It guarantees nLockTime support.
    • Supports SegWit. Verdict

    It is safe to say is still in its infancy and it is barely known online. was registered in June 2011 by an Englishman called James Wade who hails from TF99BA, Shropshire, GB. But from the way it is developed, perhaps it is worth giving it a shot.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    44% Think Bitcoin's in a Bull Market & Alt-Season Will Occur in 2020: Kraken Survey

    In the currently unstable environment where industries are laying off, cryptocurrency exchange Kraken is on a hiring spree as it moves ahead to expand...

    Bitmain Releases Antminer E3 Firmware Update to Keep It Mining ETH Till October

    Mining hardware firm, Bitmain, set to extend the durability of its once “most powerful Ethash miner” from April to October 2020. The mining firm...

    Tether Prints over a Billion USDT in March, Rising Demand or Exchange Run?

    We are about to end March, a month that saw the price of bitcoin hitting $3,850 and ready to end the quarter with over...

    Bitcoin Beating Gold But What will Hold its Value Better in Five Years?

    The price of bitcoin is currently trading in the green by 2.34% as it trades around $6,450. Although down 11.89% YTD and about 34%...

    Lightning Labs New LSAT Protocol Promises To Do Away With Usernames And Passwords

    A statement from Lightning Labs CTO, Olaoluwa Osuntokun, revealed the specs of the Lightning Service Authentication Tokens (LSAT) which is expected to act as...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.