CIEO’s Response Regarding Mt.Gox and Other Exchanges

The attention that Mt.Gox has commanded as a result of their deficiencies in proper Bitcoin storage and security has driven CIEO to seek a public forum to discuss Bitcoin technology and its future.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend

Las Vegas, NV (PRWEB) February 28, 2014

CIEO, a Bitcoin solutions and development firm, has utilized open source code from Andreas Schildbach and Multibit as a basis in the creation of CIEOwallet. We have married present technology utilizing yet another open-source code based heavily on Oracles ZFS and freeBSD core OS features with delight from VMWare.

CIEO now has present technology that will virtualize one’s CIEOwallet using VMWare and allow desktops and cell phones to share a single wallet ID with a simple management platform to cold store, transfer and make Bitcoin portable.

CIEO cofounder Noah Case states, "With CIEO’s technology, transaction malleability would have not been an issue for Mt.Gox.” Market leaders in the exchange space such as Coinbase and Bitstamp appear solid and time tested. Noah continues by stating, “utilizing the superior storage practices of CIEOvault, involving proper automated checks and balance systems and the legitimate practice of non-middleman walleting would have corrected their problems." CIEO’s team is focused on developing general handling guidance for the Bitcoin community that will force an evolution in personal security and control of one’s Bitcoin.

CIEO seeks to open communication with Mt.Gox and other exchanges to share our technological advancements in Bitcoin storage and management systems with the intent ensuring a prosperous future for Bitcoin.

Noah Case is a 19-year veteran of Datacenter management powered through candidates with heavy research from M.I.T. and other recognized technology leaders in the Industry. He continues his deep roots in storage, cryptology, deployment, and long-term modular technology along with contributing a proven track record of success in VoIP, PCI/DSS and virtualization.

About CIEO
CIEO is a crypto-currency technology company cofounded by Robert Onesian and Noah Case. CIEO’s goal is making crypto-currency simple to use and safe to store. CIEO is currently the only provider that creates portability between a single wallet (CIEOwallet) and multiple devices for simple management and rock solid reliability.

FOR MORE INFORMATION:
press(at)cieo(dot)com
http://www.cieo.com


Contact

Follow us on: Contact's Google Plus