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27 September 2020

Bitcoin hardware devices need to improve to handle complex transactions

Bitcoin hardware devices need to improve to handle complex transactions


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Jameson Lopp, co-founder and CTO of Casa, a crypto custody firm has released a test result report on Bitcoin multi-signature hardware signing performance on the Casa blog on Sep.

Lopp set up the test by leveraging  Electrum's 4.0.2 appimage on Debian Linux and created a variety of P2WSH (native segwit) multisig wallets that use Bitcoin’s testnet and with the hardware devices plugged in via USB.

He repeated these tests and concluded that it’s better and more secure if hardware devices can show progress indicators for loading and signing.

There are two steps for hardware devices to follow when signing a Bitcoin transaction, according to Lopp:

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