Bitcoin start-up Sig3 has presented an independent third-party automatic co-signer which instantly co-signs transactions based on the policies and criteria implemented by its users.
With Sig3, users can personalize and set their own policies to determine the criteria for transaction permission and confirmation. Based on the policies carried out by the user, Sig3 instantly co-signs the deal, adding another layer of security on top of the multi-sig transaction.
The platform is currently incorporated with Copay, an open-source multi-signature purse from leading bitcoin processor BitPay. With Copay, users will certainly have the ability to send out secure deals by dispersing 3 private secrets in between Copay, Sig3 and themselves. Since all three private keys held by the user, Copay and Sig3 are needed to send or settle a transaction, it develops a whole new level of security restricted with other multi-signature platforms readily available in the market.
“Sig3’s objective is making negotiating with bitcoin as easy as it made use of to be, however with the security of the future,” discusses the Sig3 group.
The start-up has begun establishing an API for designers and for simpler integration process. Sig3 will also be integrating more multi-signature purses to its platform, to offer its users with a variety of options.
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