BitGo, the cryptoactive portfolio with support for Bitcoin Gold
Users and investors in business cryptoactives, as institutional investors, investment funds, cryptocurrency exchangers, among others, usually have special needs. They require 'hot portfolios' to quickly and safely mobilize cryptoactive deposits or withdrawals for their users, but at the same time they need to use cold portfolios to store their cryptocurrencies securely in the long term.
BitGo, the multi-signature portfolio of cryptoactives, can help these investors by allowing them to quickly, safely, and reliably manage their funds and payment services, helping them with the extensive regulatory compliance requirements that accompany these processes.
For customers that require full custody solutions to maintain their investments in cryptoactives without having to get too involved in this technology, BitGo is also able to provide these services thanks to its recent acquisition of its former partner Kingdom Trust.
BitGo has many other partners. Among them is Royal Mint Gold, a system to buy and sell gold based on blockchain created by CME Group and The Royal Mint. Hence BitGo's experience in the gold market. Therefore, it highlights its decision to incorporate portfolio services for Bitcoin Gold as of December 2017.
For Bitcoin Gold, this integration means that BitGo observed in them a functional project with potential longevity. Note that Bitcoin Gold emerged last November after a bifurcation of Bitcoin and involves major changes with respect to this cryptocurrency, since it takes control of the mining process out of the hands of ASIC miners by allowing anyone with access to a computer and a video card can continue to mine profitably, since it allows mining through GPU.
But there are also other remarkable features of the Bitcoin Gold project. It has full support for SegWit and that Lightning Network support is expected for its portfolios in the near future.
It should be noted that the format of the wallet addresses used by Bitcoin Gold prevents the accidental sending of Bitcoin Gold to a Bitcoin wallet and vice versa, and has a two-way protection to protect against malicious attacks that try to duplicate transactions between the Bitcoin chains. blocks.
In addition to Bitcoin Gold, BitGo also offers portfolios for Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
