Review on Green Address by Sergio Daniel Delgado
GreenAddress is a multi-signature wallet
GreenAddress is a multi-signature wallet that is very user friendly and has extremely good security. Private Keys are never held by the third party server side. Payments have to be approved by Green Address itself. A positive in some way as it provides the same restrictions as traditional banks on large transfers.
Pros
- Hierarchical Deterministic - Open Source - Multi-Signature - 2 Factor Authentication
Cons
- It only uses Bitcoin currency which is very limiting. It also makes transactions complicated since the customer has to first transfer the Bitcoins to an intermediary exchange platform before performing any transactions.
- Users are not allowed to generate the phrase and the pin. Instead, it is the server that does this.
