đ Blockstream and Thales launch an institutional Bitcoin custody system
Adam Back's Blockstream has launched an institutional digital asset custody solution built with French technology group Thales. It combines Thales' hardware security modules (HSMs) with Blockstream's Secure Multi-Party Computation, running the entire signing process inside the protected hardware. Back argued that complex, internet-connected setups invite attacks, pointing to the $6.3 billion Binance hack, and warned that AI could help attackers find subtle implementation flaws. "Complexity is the enemy of security," he said.
â After a string of large hacks, institutions are under pressure to harden custody, and simpler offline signing could become a selling point for big Bitcoin holders.
#Bitcoin #BTC #Custody #Security #Blockstream
Adam Back's Blockstream has launched an institutional digital asset custody solution built with French technology group Thales. It combines Thales' hardware security modules (HSMs) with Blockstream's Secure Multi-Party Computation, running the entire signing process inside the protected hardware. Back argued that complex, internet-connected setups invite attacks, pointing to the $6.3 billion Binance hack, and warned that AI could help attackers find subtle implementation flaws. "Complexity is the enemy of security," he said.
â After a string of large hacks, institutions are under pressure to harden custody, and simpler offline signing could become a selling point for big Bitcoin holders.
#Bitcoin #BTC #Custody #Security #Blockstream
