Among the digital asset security platforms, one name that must be mentioned is BitG. Recently, this company launched a unique automatic open source key recovery service (KRS) software and opened a frozen key backup service.
The solution should be considered good value for money, and the company hopes that this feature will cooperate with the industry and ensure greater security.
BitGo has been developed with the goal of providing a secure digital asset vault while ensuring that wallet users have full control over their digital assets.
The approach gives owners of digital assets full access, but bitcoin experts have been debating the issue, fearing it could become bitcoin’s Achilles’ heel.
Mike Belshe, co-founder, president and CEO of BitGo, said he fully understands this need and has previously stated that the company’s core principle is to never hold enough private keys to sign transactions, further saying, “If we disappear, your money is still yours.”
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