diff --git a/README.md b/README.md index 344ef783108..314d327adcd 100644 --- a/README.md +++ b/README.md @@ -6,7 +6,7 @@ **PLEASE NOTE WE HAVE DETECTED SOME FAKE COPAY WALLETS ON THE GOOGLE PLAY STORE FOR ANDROID, PLEASE BE SURE TO INSTALL "BITPAY WALLET" ONLY FROM THE APP STORES. APP's DEVELOPER SHOULD BE "BITPAY INC" ONLY** -Bitpay Wallet (formelly Copay) is a secure Bitcoin, Bitcoin Cash, Ethereum and ERC20 wallet platform for both desktop and mobile devices. Bitpay Wallet uses [Bitcore Wallet Service](https://github.com/bitpay/bitcore/tree/master/packages/bitcore-wallet-service) (BWS) for peer synchronization and network interfacing. +Bitpay Wallet (formerly Copay) is a secure Bitcoin, Bitcoin Cash, Ethereum and ERC20 wallet platform for both desktop and mobile devices. Bitpay Wallet uses [Bitcore Wallet Service](https://github.com/bitpay/bitcore/tree/master/packages/bitcore-wallet-service) (BWS) for peer synchronization and network interfacing. Binary versions of Bitpay Wallet are available for download at: https://bitpay.com/wallet/ @@ -40,7 +40,7 @@ See more details and download links at https://bitpay.com/wallet - Segwit and native segwit addresses (BECH32) for sending and receiving - CPFP (Child pays for parent) transaction acceleration (available after 4 hours of unconfirmed TXs). -- Transaction fee adjustmenet using 4 preset levels (using bitcoin-core estimations) OR custom fee-rate setting. +- Transaction fee adjustment using 4 preset levels (using bitcoin-core estimations) OR custom fee-rate setting. #### Bitcoin Cash @@ -179,7 +179,7 @@ BITPAY_EXTERNAL_SERVICES_CONFIG_LOCATION="~/.bitpay/externalServices.json" npm r ### General -Bitpay Wallet (formelly Copay) implements a multisig wallet using [p2sh](https://en.bitcoin.it/wiki/Pay_to_script_hash) addresses. It supports multiple wallets, each with its own configuration, such as 3-of-5 (3 required signatures from 5 participant peers) or 2-of-3. To create a multisig wallet shared between multiple participants, Bitpay Wallet requires the extended public keys of all the wallet participants. Those public keys are then incorporated into the wallet configuration and combined to generate a payment address where funds can be sent into the wallet. Conversely, each participant manages their own private key and that private key is never transmitted anywhere. +Bitpay Wallet (formerly Copay) implements a multisig wallet using [p2sh](https://en.bitcoin.it/wiki/Pay_to_script_hash) addresses. It supports multiple wallets, each with its own configuration, such as 3-of-5 (3 required signatures from 5 participant peers) or 2-of-3. To create a multisig wallet shared between multiple participants, Bitpay Wallet requires the extended public keys of all the wallet participants. Those public keys are then incorporated into the wallet configuration and combined to generate a payment address where funds can be sent into the wallet. Conversely, each participant manages their own private key and that private key is never transmitted anywhere. To unlock a payment and spend the wallet's funds, a quorum of participant signatures must be collected and assembled in the transaction. The funds cannot be spent without at least the minimum number of signatures required by the wallet configuration (2-of-3, 3-of-5, 6-of-6, etc.). Once a transaction proposal is created, the proposal is distributed among the wallet participants for each to sign the transaction locally. Finally, when the transaction is signed, the last signing participant will broadcast the transaction to the Bitcoin network.