Counterparty, the open source, community-driven, peer-to-peer financial platform built on top of the Bitcoin blockchain, announced that its developers have successfully implemented Bitcoin multisignature address handling.
Multisignature addresses are addresses associated with more than one private key and require m of n keys in order to spend funds. This enables enhanced security, since private keys can be stored on separate machines, as well as advanced features, such as sharing an address and its funds with team members, family or company management.
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