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Innovation and Security Amidst a World of Attacks: How Ambisafe Overrides Multi-Sig Wallet Insecurity

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Innovation and Security Amidst a World of Attacks: How Ambisafe Overrides Multi-Sig Wallet Insecurity

Post by Vladdirescu on Sat Nov 25, 2017 8:24 pm

The forces of reactivity and innovation are integral to the life of a product. In some cases, it is the innovation upon an issue or problem that was causing trouble for the consumer, which drives development the most. If a product cannot reassure the user that its’ main competencies are capable of performing as they are expected, then eventually the user will just switch products.

Addressing these concerns creates a state of change ergo innovation in product development, and maintains the consumer trust and life of said products, especially in the world of technology when a large portion of the client base often have a level of technical knowledge that tests the structure of a product.

This situation describes what happened to the Parity wallet; a competent user base discovered a flaw in the wallet software, exposing vulnerabilities that led to the loss of vast quantities of Ethereum from large ICO fundraisers. New ICOs could permanently lose access to their funds if they utilize Parity’s services for storing their coins, according to an article published by TechCrunch.

https://coinidol.com/innovation-and-security-amidst-world-of-attacks-how-ambisafe-overrides-multi-sig-wallet-insecurity/


Vladdirescu

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