First, let’s quote the great introduction wrote by Ethereum’s Vitalik Buterin when he reviewed the wallet two years ago:
“Armory is the most advanced and secure Bitcoin client available and has been developed by Alan Reiner who is one of the world’s premier experts in Bitcoin security. If your use case requires safely storing large value in bitcoins, then Armory is the only practical choice. Armory offers a range of features even larger than either Blockchain.info or the Satoshi Bitcoin client.”
Armory, whose security has been constantly increasing ever since, is a top-ranker among the favorite storage methods for the largest Bitcoin holders – the so-called whales – because of its extensive offline wallet management capabilities. As the Bitcoin newbies are often told, nothing is safer than offline storage for your hard earned bitcoins!
Indeed, you can sign your transactions while being totally disconnected from the Internet using Armory on an offline computer, and then broadcast it to the network by connecting an USB key that contains the signed transaction’s details to an online computer running Armory. Even a cheap netbook such as an Eeepc would be powerful enough to store your offline wallet and sign your transactions.
Armory recently implemented another Bitcoin security milestone: the multi-signature system. Even though it’s simple and intuitive, the feature is definitely effective. The idea is that for a specific purse, several authorizations from authorized spenders, previously defined by the wallet’s owner, are required in order to be accepted.
According to Armory official description:
“Users can now create, fund and spend from any M-of-N combination of devices or parties without any centralized servers or third parties, where M is the number of signatures required for the Bitcoin network to allow movement of any lockbox funds and N is the number of parties or devices that will have signing authority of the Lockbox.
For instance, a board of five directors of a company, may store the company funds in a 3-of-5 lockbox, thus requiring a majority of the directors to agree for any money to be moved (and money still accessible even if two keys are lost).
The M- and N-values can be chosen for each application to match your desired security and redundancy.”
A Bitcointalk user submitted the idea , on January 24, 2014, to offer this valuable security directly in the Debian repositories, which permit easy downloading and updating with apt-get install and upgrade. The packages in the official repositories also benefit from greater visibility and thus better support made possible by additional contributions.
The idea, associated with a bounty – a Bitcoin reward tied to a specific goal – was then accepted by Joseph Bisch, a Debian maintainer responsible for the quality monitoring and relevant packages submission regarding an open source operating system.
Joseph Bisch said in a Bitcointalks forum post:
“Armory is now in Debian Sid. If nothing goes wrong, Armory will be in testing (Jessie) around November 4, which is in time for the November 5 freeze. That means that Armory will be in Jessie when it becomes the new stable release.”
Therefore, the next Debian version may include the long-awaited Armory client in its stable source list. The most impatient of our readers running Debian can use unstable source with the procedure described here.
Non Debian users, or Debian users who just want to install the deb package, can download the Armory wallet for Windows (.exe) , Mac (.dmg) and Linux (.deb) on the official website.
What do you think? Comment below!
Images from Armory and Shutterstock.