Jakarta, CNN Indonesia —
CEO Twitter Jack Dorsey States that startup his financial payments, Square, plans to make a wallet Bitcoin physical form.
With a physical wallet in the form of hardware, called Dorsey, it will make Bitcoin storage more secure.
The reason is, the hardware wallet can later be used to store digital money offline.
This storage method without being connected to the internet is considered more secure because it is less likely to be hacked. Because, several times there have been massive bitcoin thefts through hacking from virtual wallet service providers in various countries.
Another advantage, users have their own keys to access the funds stored in this physical wallet.
Although you can store Bitcoin directly, offline, this wallet can still be used for online transactions if it is synchronized with a special application.
Launch Gadgets 360, currently the choice of cryptocurrency storage tools is mostly in the form of ‘virtual’ wallets stored on the internet.
In this way, the user does not own the wallet. But entrusting wallets to store crypto money to third parties. Users must also enter a password or password to access their virtual crypto wallet.
“Square is considering creating a hardware wallet for Bitcoin,” Dorsey said in a series of tweets.
“If we do, we will build it completely out in the open, from software to hardware design, and work closely with the community,” he said.
Dorsey reasoned with this physical wallet, users could store their own Bitcoins without having to involve outsiders.
Launch Market Watch, with the increasing popularity of cryptocurrencies, making it more attractive for people to steal this digital money.
This cryptocurrency storage service provider also needs to increase security to protect these assets from online theft.
(jps / eks)
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