Bitfinex has announced the release of Smidgen - a multisignature wallet for IOTA cryptocurrency.
Today we released "smidgen" - a multisignature wallet for IOTA.
— Bitfinex (@bitfinex) 15 сентября 2017 г.
According to the company, multisignature wallets add an extra layer of security. By using Multisignature wallets, it is possible to create addresses which require multiple seeds for each transaction, each seed owned by one or multiple persons.
Right now, Smidgen is in its final beta stage. Smidgen is beta software and supports many other handy commands, ranging from address generation to balance checking.
Bitfinex team also draws attention to the fact that seeds to create Multisignature wallets should be used for only one wallet.
It is reported, that Smidgen uses a file which is shared between seed owners. With this file, it is possible to manage the wallet, with its addresses and transfers. This makes it easier to keep track of the current state. Private keys are not part of the file.
IOTA charts on coinmarketcap.com
Meanwhile, as shown, IOTA cryptocurrency price is now about $0.57, its market capitalization is $1,595,297,508.