Cryptocurrency, open asset and smart contracts accelerator Blockstream has announced that it has acquired GreenAddress, a European-based bitcoin wallet software provider which prioritizes security, privacy and convenience, in a move it has described as allowing the company to increases the reach of its platform and meet the requirements of our enterprise applications.
According to Blockstream it does not intend to begin the mass acquisition of companies in the Bitcoin or blockchain technology space, but after collaborating extensively for almost two years, combining was the logical step.
GreenAddress is available for Android, iOS, and Chrome. All apps are and will remain open source. The source code is published on GitHub. The wallet’s per-transaction, two-factor authentication, multi-signature and deterministic design provides control over transactions and another key feature is that GreenAddress never stores users’ private keys, not even in encrypted form.
Other features GreenAddress possesses are HD multisig, hardware wallet support, dynamic fees based on Core fee estimation, and transaction replacement. The team has already started work on a number of new features, including a new, multi-platform wallet library, privacy and security enhancements, and sidechain support throughout the platform. Extending GreenAddress to work with sidechains will add additional flexibility.
The GreenAddress development team is joining Blockstream’s engineering teams, and GreenAddress’s founder Lawrence Nahum is assuming the role of Senior Architect to continue to oversee GreenAddress as well as contribute to other products and services.