KeepKey Prepares for Bitcoin Scaling With Wallet Startup Acquisition

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As developers ready for a launch of Segregated Witness, a due scaling process for a bitcoin network, one startup formed in a US has purchased an whole organisation to assistance it ready for a change.

Hardware wallet organisation KeepKey announced currently that it has acquired MultiBit, a desktop-based bitcoin wallet program. According to KeepKey owner and CEO Darin Stanchfield, a squeeze was directed during positioning a organisation for both a launch of Segregated Witness, famous ordinarily as SegWit, as good as other improvements to a bitcoin network.

He told CoinDesk:

“All a new skeleton for a bitcoin protocol, like Segregated Witness, will be integrated. We’re going to start operative on that immediately.”

As partial of a acquisition, KeepKey acquires UK-based MultiBit’s clients, software, website, and other forms of egghead property. To assistance with a transition, KeepKey skeleton to sinecure a new engineer, expanding its group to 5 full-time employees.

According to Stanchfield, MultiBit was purchased for an undisclosed amount, and that a transaction would be conducted wholly in bitcoin.

Scaling with Segregated Witness

Stanchfield pronounced he expects a handover of MultiBit’s resources to be finished by 1st June, a pierce dictated to predate the SegWit launch.

As formerly reported by CoinDesk, a offer is in a final phases of testing,

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