Here’s What’s Next for Bitcoin Wallet GreenAddress After Being Acquired by Blockstream

Blockstream

announced the acquisition of Bitcoin wallet provider
GreenAddress

on Wednesday. In
a post

on the company’s official blog, Blockstream President
Adam Back

noted, “GreenAddress has a demonstrated track record of delivering
an industry-leading product that prioritizes security, privacy and
convenience.”

GreenAddress has been quick to implement new Bitcoin features,
such as
fee
estimation

and

replace-by-fee

, into its own wallet. Also, GreenAddress developer
Lawrence
Nahum

is a
supporter

of the
Bitcoin Core scalability roadmap

and says he’s excited about the improvements that are coming to
Bitcoin in the near future.

Bitcoin Magazine

reached out to Nahum to get the details on what GreenAddress will
be working on now that it is under the Blockstream umbrella of
Bitcoin products and services.

Implementing CHECKSEQUENCEVERIFY

Nahum was quick to bring up the upcoming implementation of
OP_CHECKSEQUENCYVERIFY

(
CSV

) to improve the refund process on their 2-of-2

multisignature addresses

.

One of the key features of GreenAddress is the ability to
complete what are essentially instant Bitcoin transactions. This
works by putting user funds in a 2-of-2 multisig address where the
two parties are the user and GreenAddress. If someone trusts
GreenAddress to

Read more ... source: TheBitcoinNews

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