Bitcoin security remains a matter that is near and dear to all of our hearts. Given the recent string of Bitcoin-related platforms being attacked or hacked – with or without the loss of users’ funds – we need to step up our game. A new partnership between BitGo and TradeBlock is working towards a secure and seamless Bitcoin trading infrastructure.
BitGo: Taking Bitcoin Security To New Levels
With such a disruptive technology as Bitcoin on our hands the possibilities are endless, which also brings a security risk to the table, as we do not understand all aspects of this technology just yet. And it has been proven time and time again that the “standard” security measures are not sufficient to protect Bitcoin wealth, by any means.
BitGo is a company dedicating every spare moment to improving Bitcoin security for the benefit of all of its users. Not only is BitGo working on bringing additional layers of security to existing digital currency platforms, they are also focusing a lot of attention on the individual user. After all, taking your financial wealth into your hands requires proper security measures on an individual level as well.
Multi-signature wallet security has now become one of the most “normal” of every day features and BitGo was the first company to pioneer the technology back in 2013. Ever since that time, BitGo has been on a mission to bring a wide range of solutions and products to the world of digital currency, in order to set the bar for Bitcoin security.
But, that is not all, as BitGo is also involved in developing the Cryptocurrency Security Standard in collaboration with C4. In doing so, both companies hope to create an official security standard for all Bitcoin-related activities, which will reduce the number of stories regarding hacks, funds being stolen, and security breaches in the future.
“The increasing pace and heightened stakes of the crypto currency markets is demanding a modular approach to infrastructure. Gone are the days when a new startup could spend a year building isolated, one-off transactional infrastructure. BitGo and TradeBlock’s solutions, together, represent the cutting edge of modular, managed infrastructure.”
- BitGo CEO Mike Belshe
TradeBlock: Institutional Execution and Analysis Tools
TradeBlock is a name that most of our readers will have probably never heard of before. This company prides itself on being the world’s leading provider of institutional execution and analysis tools for digital currency markets. This is achieved by capitalizing on blockchain technologies in order to optimise trading operations.
As part of the new partnership formed between TradeBlock and BitGo, the plan is to create a seamless integration and interoperability between products and services offered by both platforms. This should eventually create an easy to integrate system for both institutional and traditional customers, allowing them to manage their portfolio and trading activity in a single system.
“Today’s trading environment demands flexible, responsive and highly connected infrastructure while also remaining completely secure. We believe the combination of TradeBlock’s execution and analysis tools, with BitGo’s class leading multi-signature security, creates the most powerful feature set available to traders today.”
- TradeBlock CEO Greg Schvey
Source: Press Release via Email
Images courtesy of BitGo and TradeBlock