DOMPET ONLINE COINBASE MULTI-SIG

The multi-sig online wallet is a type of online wallet that uses more than one private key. I will use coinbase multi-signature vault as an example. This wallet works by storing three special keys. The design is very good with the best comfort and security, and you if the provider of the hacked wallet / coinbase goes bankrupt.

This wallet works by having three keys. Blame is held by the coinbase itself. The second is created on your machine, encrypted with a passphrase that is not sent to the coinbase and then the key is sent and stored in their system, this key is a 'shared' key. The last key or 'user' key is only held by you and with a key lock that is encrypted by the user as a backup.

This wallet works on 2 of 3 systems, to pull the coin you put into your online coinbase account and send the keywords to you (behind the scenes) and you simply enter the passphrase to pull it back. If the coinbase goes bankrupt, you can come back with your keywords and third user keywords. If you forget the passphrase, you can provide the coinbase with the user key and your coin decision in that way. This provides comfort and a high level of security, provided that the wallet is installed on a machine that is not problematic. Coinbase is the safest online wallet at the moment and has its own class in terms of security for an online wallet. This wallet is safe for long term coin storage.