Blocktrail launches new "safe" Bitcoin wallet

Bitcoin

Blocktrail, the Russian based blockchain explorer company has launched a new Bitcoin wallet with a difference. Called the HD wallet and using multi-signature technology the wallet ensures that only the owner has access to the private keys.

“If Blocktrail is ever hacked, raided by government, or if our servers magically disappear into thin air, you remain safe because our wallet never has direct access to your Bitcoin.  This is a totally different paradigm from most other bitcoin wallets which take custody over the user’s bitcoin and “secure” it with insurance.  Blocktrail’s wallet is able to do this because transactions are signed client-side (in the users browser or mobile device) rather than on our servers, and due to bitcoins design, we have no ability to manipulate these transactions before broadcasting them to the network.  The world needs our wallet because centralized bitcoin wallets put people’s future in financial danger.”

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