This announcement was made on the bitcointalk.org forum today by Armory CEO Alan Reiner. Armory Technologies, founded in 2011 by Reiner, Developed the Armory wallet, an open-source bitcoin wallet with security features like multisig and cold storage very early in Bitcoin’s development. Other security implementations like PGP signing of their packages instead of using the less secure md5 hash ... The investment was led by the Bitcoin expert, journalist and investor Trace Mayer and also includes the investors Kevin Bombino and Jim Smith. The $600,000 will allow the founder and lead developer Alan Reiner and his team to dedicate to the project in full time, further developing the Armory Bitcoin wallet. Trace Mayer Alan Reiner started building the best Bitcoin wallet in early 2011, and this wallet pioneered the cold storage Bitcoin wallet concept, which is a system for securely storing Bitcoins on a completely air-gapped offline computer. By splitting the core client functionality between wallet security and network security, this innovation created a new best practice standard for Bitcoin security ... Hierarchical Deterministic (HD) Key Generation (BIP 32), a cryptographic trick developed throughout 2012 and 2013 by Bitcoin Core developers Gregory Maxwell and Dr. Pieter Wuille, and Armory-developer Alan Reiner, solves this problem. With HD key generation, Bitcoin Core creates a completely new key pair for each new address, but all these keys are derived from a single, 12-word seed. As long ... Alan Reiner. I started as a miner, without much knowledge of what Bitcoin was or its potential for disruption. All I knew was that I could get a decent return on my investment if I mined bitcoins and sold them on Mt. Gox. After some time and many media reports of Bitcoin thefts, I decided I wanted better security for my own funds. The community ... An interview with Armory Technologies CEO Alan Reiner The main wallet we use here at BitcoinsInIreland.com for our bitcoins is the free open source Bitcoin Armory, which is a very secure desktop wallet, aimed at individuals and companies working with bitcoin who require …
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