Bitcoin News! Twitter CEO Jack Dorsey Wants to Build An Open-Source Non-Custodial Bitcoin Hardware Wallet

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Twitter CEO Jack Dorsey Wants to construct An Open-Source Non-Custodial Bitcoin Hardware Wallet

  • Bitcoin News! AnTyAnTy

The Bitcoin proponent is planning community cooperation on the program which “works without Square and maybe also without permission from Apple and Google.”

Bitcoin proponent and Twitter CEO Jack Dorsey is contemplating creating a hardware wallet for bitcoin and kicked it off by sharing his views with the neighborhood.

On Friday, Dorsey took to Twitter to discuss his strategies for this pocket that, if built, would be “entirely in the open, from software to hardware design, and in collaboration with the community.”

The idea would be to get an including product that brings a non-custodial solution to countless people around the world.

Addressing the largest blocker to this, “not your keys, not your coins,” Dorsey said custody doesn’t need to be all-or-nothing, and it could probably be simplified through “assisted self-custody.” He wrote,

“Assisted requires great product design: minimal setup time, relying on existing devices, and end-to-end reliability.”

Such assisted solutions must offer a superb experience when using cellular, but obviously, it comes with its own risks of mix availability and safety — capital spendable with phone-only permissions with controls that are more secure. But security is “complicated.” Here, layer 2 is vital for development, said Dorsey including,

“The orders-of-magnitude growth we imagine requires a mix of custodial, off-chain, and second layer solutions that allow people to ‘get off of 0.’”

And needless to say, Money App integration to it’s obvious, although a custom-built program, it doesn’t have to be possessed by Square, he added.

“We can imagine apps that work without Square and maybe also without permission from Apple and Google,” reasoned Dorsey with the guarantee that they will “listen and continue the conversation.” The group will also establish a dedicated Twitter and GitHub account should they choose to construct a hardware Bitcoin wallet, he said.

Bitcoin News!

AnTy

AnTy was engaged in the crypto space fulltime for over two decades now. Before her blockchain starts, she worked with the NGO, Doctor Without Borders as a design and since then researching, studying, and creating for different business segments.

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