OpenRuby.com

11 Mar '13, 9pm

Bitcoin's Security Coming of Age #bitcoin

Bitcoin's Security Coming of Age #bitcoin

Finally, we also have another development in Bitcoin security, this time coming from within the existing Bitcoin community: BIPS . The new merchant platform from WalletBit includes a number of upgrades, including significant improvements in usability and, in some cases, lower fees than BitPay, but where BIPS truly stands out is in its security. Like all other major merchant services and exchanges, BIPS keeps most of its funds in cold storage. Its cold storage platform, however, is one of the most advanced that have ever been implemented for use with BTC. BIPS’ Kris Henriksen writes, “without revealing to much of our infrastructure, we backup to 1 SAN (12 WD Red harddrives), 2 NAS (5 WD RED drives) all running raid 6, and then from there to the robotic tape library”, and director of marketing Adam Harding adds “BIPS follows the same security practices as WalletBit and even ...

Full article: http://bitcoinmagazine.com/bitcoins-security-coming-of-age/

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