There is a vast array of different Bitcoin wallets in existence these days, all of which try to offer something their competitors do not (yet). BitGo is one of the most popular Bitcoin wallet solutions in existence today, simply because of their multi-signature implementation, and it looks like BitGo will be strengthening its market position from this point forward, as their security features are now available free of charge to individual users.
Available and Affordable for Everyone
The BitGo multi-signature implementation is now available for everyone in the world. Individual users can access this feature completely free of charge, and Enterprise customers can try the feature for free. Bitcoin wallet security remains an area that needs a lot of work – from both the developer and consumer perspective – and multi-signature security is the first step towards achieving a more secure environment.
Furthermore, additional security features are now available to individual users as well. Whether you are looking to set up a multi-user wallet, add spending limits, whitelist certain addresses [for both spending and withdrawing] and even detect fraud, BitGo has the perfect solution to fit your needs. All of these features were previously only available to Enterprise customers in exchange for a small fee.
But that is not all, as BitGo also announced some new features which were heavily requested by their Enterprise users. Secure wallet sharing, advanced audit capabilities and address labeling and management are at your disposal from today. Not only does this make BitGo the most advanced Bitcoin wallet to date, but it is also more robust than any of its competitors.
Enterprise Pricing Update
Even though BitGo has made most of the Enterprise features available to anyone, the Enterprise [paid] tier will remain in effect. However, BitGo made some changes in that regard to make this tier more affordable to everyone. For instance, the minimum fees have been eliminated, and new Enterprise customers can test the BitGo service completely free of charge for 30 days.
In addition, Enterprise users will be charged a monthly fee based on their usage instead of charging the same amount to all users. As you would come to expect, certain customers will use these features more than others, so it only seems fair to take the total “usage” into account. The new unified pricing structure can be found here.
“We are incredibly excited to now offer the security controls and capabilities of BitGo free to all individual holders of bitcoin. BitGo’s mission is to secure the world’s bitcoin. While historically we have offered advanced wallet services to enterprise customers, we feel it is critical to a growing Bitcoin ecosystem that anyone can access the best-in-class security solutions BitGo provides,” BitGo CEO, Will O’Brien, told DigitalMoneyTimes.
Cryptocurrency Security Standard
BitGo is about much more than just providing the world with a secure Bitcoin wallet solution. In association with C4, BitGo came up with the CryptoCurrency Security Standard (CCSS). While this standard has not been implemented just yet, the draft security framework for securing cryptocurrency systems looks to give digital currencies such as Bitcoin a far more legitimate look.
CCSS Will act as a set of requirements for each and every information system making use of cryptocurrencies in any way. This will, in turn, standardize security techniques and methodologies used by cryptocurrency systems on a global scale. In doing so, it becomes clearer to end-users as to which services and products they want to align themselves with.
More information on the CCSS can be found here.
Source : http://bitgoinc.com/bitgo-now-securing-bitcoin-for-everyone/
Images courtesy of BitGo, CCSS and DollarPhotoClub