02 Jul '14, 1pm

Coinbase introduces Vault

Coinbase introduces Vault

The Future of Bitcoin Storage: Wallets + Vaults Jul 2nd, 2014 A good bitcoin wallet does many things: it is secure, easy to use, and facilitates spending of bitcoin across a growing number of platforms and merchants . This sounds simple enough. Yet as we worked on the Coinbase wallet, we often found these goals to be in conflict with each other. Consider the following two goals: Ease of Use: Low friction spending is key to more bitcoin adoption. Bitcoin is already much simpler than entering a credit card online, but whenever we require a verification step involving your phone or a link in your email, it adds a bit of friction to the process. Security: At the same time, the bitcoin world has seen attacks from cyber criminals increase. By making sending bitcoin easy, it makes a bitcoin wallet an easier target for nefarious attackers. Compounding the issue, bitcoin is still a...

Full article: http://blog.coinbase.com/post/90552757447/the-future-of-b...

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