Bitfinex releases IOTA multisignature wallet – smidgen

It was recently announced that Hong Kong-based cryptocurrency exchange Bitfinex released “smidgen” a multisignature wallet for IOTA. Back in June, the exchange was one of the first companies to list the IOTA token.

Multisignature wallets add an extra layer of security. By using Multisignature wallets, developers can create addresses which require multiple seeds for each transaction, each seed owned by one or multiple persons.

smidgen is Open Source Software and licensed under the MIT license.  smidgen is in its. smidgen is in its final beta stage and supports many other usable commands, ranging from address generation to balance checking.

IOTA is an open-source distributed ledger protocol launched in 2015 and features a blockless distributed ledger called ‘Tangle’ which is both scalable and lightweight; the more users on the network, the faster it becomes.

Contrary to typical blockchains, a consensus is no longer decoupled; but instead, a very intrinsic part of the system, leading to a decentralized and self-regulating peer-to-peer network.

More details on the smidgen wallet can be found on the GitHub download.