Securing the World’s Bitcoin.
BitGo is the leading Bitcoin security platform and a pioneer of multi-sig technology.
Based in Palo Alto, BitGo launched the first ever multi-signature Bitcoin wallet in 2013, and continues to create innovative security services on top of emerging industry standards.
The company operates a security-as-a-service platform that powers the industry’s most secure, enterprise Bitcoin wallet with solutions for corporate treasury and key management.
BitGo was founded by veterans in online security, digital currency, and financial technology. Investors and advisors include elite Silicon Valley venture capitalists and angels, and Bitcoin industry insiders who have backed successful companies like PayPal, Netscape, Red Hat, Proofpoint, Verisign, Juniper Networks, Yammer, and Tesla.
Sign up at bitgo.com.
Who We Are
The team has many years of experience successfully building businesses in digital and virtual currency.
We are based in Palo Alto, CA.
The company currently offers BitGo Enterprise™ (bitgo.com/enterprise), the first multi-sig, multi-user solution for corporations and financial institutions to manage their Bitcoin holdings with enterprise-grade security.
Our platform also enables exchanges, marketplaces, and e-commerce players to facilitate secure, multi-party transactions that are secured with BitGo.
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How BitGo Works
Introduction to the BitGo Secure Wallet
Typical Bitcoin wallets have a single private key, making your Bitcoin susceptible to theft and loss. Our multi-signature technology issues three keys for your wallet, two of which are required to send Bitcoin.
We hold one key, you control a second key, and a third key is stored offline as a backup. If a single key is compromised, your Bitcoin can’t be stolen. This makes our wallet virtually hack proof.
Unlike most other Bitcoin companies, BitGo doesn’t have the ability to access your Bitcoin. We only hold one key, which isn’t sufficient to transact on your behalf.
BitGo requires two-factor authentication and uses enterprise-grade security measures to ensure full protection of your Bitcoin.
Read more technical details in a whitepaper authored by BitGo’s CTO about how we use P2SH (BIP 16) to create a multi-signature wallet. Below is a diagram from the whitepaper comparing Bitcoin wallet architectures.
Will O'Brien is a seasoned technology entrepreneur with deep expertise in bringing innovative and disruptive businesses to market. He previously was an executive at Seattle-based Big Fish Games, launched a virtual currency payments business in Silicon Valley, and built real-time trading systems for financial services companies. He holds degrees from Harvard University and MIT Sloan.
Mike Belshe is a veteran technologist who invented the multi-signature protocols used at BitGo. Prior to BitGo, Mike worked at Google on the founding team of Google Chrome, was the co-inventor and driving force behind SPDY (which has now become HTTP/2.0), and co-founded Lookout Software, an email search company acquired by Microsoft. He holds a C.S. degree from Cal Poly SanLuis Obispo.
Ben Davenport is a technology entrepreneur and investor who has been deeply involved with Bitcoin since mid-2011. Prior to BitGo, Ben co-founded Beluga, which was sold to Facebook in 2011 and became Facebook Messenger. Prior to Beluga, Ben worked in engineering at Google and Microsoft, and spent several years doing algorithmic trading at high-frequency firm Hudson River Trading. He holds CS degrees from Princeton and the University of Washington.