Review on Bitgo Wallet by Praise Olagbadun
Bitgo Priorities Security
The word, cryptocurrency started it's journey with Bitcoin being the first cryptocurrency to be introduced and was in the year 2009 by Satoshi Nakamoto, ever since, other platforms like exchange and wallets were introduced to help trade and save digital assets. Among others was the Bitgo wallet which started with the potential of storing only Bitcoin but is presently capable of storing more than 100 cryptocurrencies The Bitgo wallet is a hot type of wallet that was introduced in the year 2013 by Mike Belshe and Ben Davenport. The wallet is considered as the safest Bitcoin wallet in the world
My first experience with the wallet was fascinating as their mobile application has a modernized user interface design. Another surprising experience I encountered with the Bitgo wallet was the fact that it made transactions at a great speed and still retains it's place as the most secured Bitcoin wallet. The mobile wallet makes this possible by letting companies allow non confirmed transactions. The most surprising fact about it's speed is that Bitcoin which happens to be very slow also runs at a great speed when using the Bitgo
The wallet also possess a pecuilar characteristic which is the ability of the wallet to allow multiple users to access one account by the multisignature wallet solution. This is very advantageous to organisations, making the mobile wallet useful in organizations. It also has it's applications available on mobile devices (Android and iPhone operating systems) and desktops (Windows and Linux)
Pros
- The Bitgo wallet is considered as the most secured Bitcoin wallet in the world
- The wallet runs at a very great transactions speed, making users capable of making multiple transactions in few seconds
- The wallet makes it possible for multiple users to access one account
- Has it's applications available for download on both desktop and mobile devices
Cons
- It is a hot type of wallet
