Armory Updates To Version 0.92 - From The CoinFront

Armory, one of the more popular Bitcoin wallet programs, has announced an update.

This puts it at version 0.92, and includes some new features.

Multi-Signature Wallets

One of the more innovative features is their multi-signature lockbox. This allows users to attach multiple keys to a single wallet, requiring multiple signatures in order to remove funds.

An Armory wallet may have up to seven keys attached to it, and require any number of signatures in order to spend the funds within the wallet. So a business of five people, for example, could require at least three signatures in order to access the company Bitcoin funds.

Solutions like this already exist in many different fields, but this is the first time a decentralized solution has been created. Armory itself has no knowledge of the way you use your lockbox, and even if the company disappears you’ll still be able to use your lockbox as before.

Simulfunding

Simultaneous funding is a form of a Bitcoin “contract” where all parties involved specify how much money they’re contributing. Then, they combine these into a single transaction, all parties sign it, and the contract is executed.

The benefit of this feature is it makes backing out of the contract during execution impossible. If one party doesn’t contribute what they agreed to in the contract, the entire thing freezes.

These innovative new ideas will help Armory continue to provide the highest level of security to Bitcoin users.

Armory Updates To Version 0.92