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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

ChangeTip Improves Security

NewsBTC
NewsBTC
4 years ago
2 mins read
ChangeTip Enhances Security by Adding Two-Factor Authentication (2FA)

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ChangeTip today announced it was integrating Two-factor-authentication on their platform. With the integrating of a 2FA option, the company expects to offer enhanced security to the customers’ accounts.

ChangeTip knows the importance of security and now has released a Two-Factor Authentication to enhance the security of its customers.

ChangeTip’s mission is to enable a truly global economy by reducing economic disparity through the efficient and open transfer of value to and from each other. The company embraces Bitcoin and show that micropayments are a great use case for the technology. By showing what can be done today, that can’t be done by existing payment channels, we will work together to drive the mass consumer adoption of bitcoin, and educate and empower people to understand and use their money along the way.

What is two-factor authentication?

Two-factor authentication or multi-factor authentication, two-step verification, TFA, T-FA, or 2FA is a way to verify your authenticity by providing two ways to identify account ownership to the system and gain access. It works using the information you already know plus something you have, using an extra app.ChangeTip2FA_article_1_NewsBTC

Something that you already know is usually the password or some PIN. Something you have: could be a device like a smartphone or a tablet you must have in your possession. The first part of the two-factor authentication is a code sent via SMS or retrieved from the Authy app. The second part is a password.

Users who want the 2FA option enabled in their account will need to login to access their Settings and from there they will be able to choose the method to receive the 2FA code.

The ChangeTip App is very popular among digital currency bloggers and has had an enormous growth throughout this year; currently many of the most known social networks already support the app. With such an immense success comes great responsibility, and the company hopes its customers can appreciate the latest additional security feature.

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Comments 1

  1. Hitoshi Anatomi says:
    10 years ago

    With caveats, though The two-factor authentication could be reliable only when it comes with
    a reliable password. Physical tokens, cards and phones are easily left behind, lost, stolen and abused. Then the remembered password would be the last resort.

    It is too obvious, anyway, that the conventional alphanumeric password alone can no longer suffice and we urgently need a successor to it, which should be found from among the broader family of the passwords and the likes.

    Reply

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Comments 1

  1. Hitoshi Anatomi says:
    10 years ago

    With caveats, though The two-factor authentication could be reliable only when it comes with
    a reliable password. Physical tokens, cards and phones are easily left behind, lost, stolen and abused. Then the remembered password would be the last resort.

    It is too obvious, anyway, that the conventional alphanumeric password alone can no longer suffice and we urgently need a successor to it, which should be found from among the broader family of the passwords and the likes.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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