Coinbase Stops Multisig Vaults Support

. Support for multi-signature vaults will stop on April 19 this year
23 March 2018   1543

The American cryptocurrency company Coinbase stops multisig vaults support, whose additional level of security is provided by the multi-signature function. This is reported by Bitcoin.com.

Among the main reasons for this decision, representatives of the company call the low popularity of this option among customers, as well as negative feedback from them. Support for multi-signature vaults will stop on April 19 this year.

By removing this functionality, engineering time spent on supporting multisig vaults can be reallocated to continued investment in the security and reliability of our platform, which is of critical importance to our customers.
 

Coinbase Team

Also company explained that the increase in the number of bitcoin hardforks complicates the maintenance of such vaults, as well as ensuring the possibility of withdrawing coins that appear as a result of these events.

For users of multisig vaults, the company recommends making sure that they have two private keys required to manage their assets.

Coinbase Users May Receive EOS Thru Earn Program

Coinbase Earn program is available to users from 100 countries, it allows to get crypto for performing differnt tasks
03 June 2019   265

Coinbase, the largest US cryptocurrency company, will reward users with EOS tokens for studying educational materials about the EOSIO protocol on the Coinbase Earn platform.

Earn. com appeared in October 2017 as a result of the rebranding of 21 Inc and the launch of the platform of the same name, which allows users to get a bitcoin reward for performing various tasks, such as reading and answering emails.

In the spring of 2018, Coinbase acquired a startup supposedly for $ 120 million. Now the Coinbase Earn program is available to users from 100 countries, and the company intends to pay users more than $ 100 million in cryptocurrency.

In addition to EOS, the service currently supports XLM, ZEC, BAT and ZRX.