Oleg Andreev

After designing a Bitcoin wallet for over a year, I’ve came up with 9 core ingredients that make up a perfect Bitcoin wallet: easy to use and ultimately secure.

We understand that any additional security measure removes from simplicity. The key to smooth user experience is to spread inconvenience over several security tiers and do so in a smart way.

Overall checklist looks like this:

1) Personal pocket device (iPhone, Android).

2) Secure UI.

3) Fully-auditable wallet behaviour.

4) Password-encrypted master key private backup.

5) Self-encrypted automatic wallet backup.

6) Unencrypted 2-of-3 paper master backup.

7) Two-tier keys (system-encrypted and user-encrypted).

8) Bitcoin Wallet API.

9) Blind multisignature custody for long-term savings.

To learn more, see the PDF:

http://oleganza.com/SecureWalletSeptember2014.pdf