Distributed database that is used to maintain a continuously growing list of records, called blocks
The producer of hardware wallets KeepKey announced the termination of the development of the "light" Multibit wallet. This is reported by MultiBit blog.
KeepKey Technical Director, Ken Hodler, announced that KeepKey acquired Multibit in May 2016, marking the first merger and acquisition transaction since its inception in 2014. At the time of acquisition, Multibit developers announced that they will no longer work on the wallet and refuse to provide further support.
The reality is that Multibit is in need of a lot of work. It has stubborn bugs that have caused us and Multibit users much grief. Additionally, Bitcoin has gone through a fundamental change in regards to the way fees work. The addition of SegWit in the coming weeks will mean the Multibit software has fallen still further behind.
Technical director, KeepKey
Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen
He explained that KeepKey does not have the resources to solve existing problems or for a complete reconstruction of Multibit. The company will focus on developing its own KeepKey device to accelerate production and work on improving the hardware wallet.