According to a Twitter thread posted by Jack Dorsey, his company, payments giant Square, is consideringthe ability to create a hardware wallet for storing bitcoins.
Dorsey added that it will be created without any stereotypes, sharing the basic principles of the company.
«It is important for us to create an inclusive product that brings a non-storage solution to the global market»,” Dorsey said about the team’s plans.
The solution will combine affordability with security and also include tier 2 scaling, which Dorsey believes is "necessary" for development:
«We assume that the increase is an order of magnitudequantities requires a combination of storage, off-chain and second-layer solutions that enable people to “get out of zero.” What technical investment can provide seamless, scalable, native L2 support for a hardware wallet?
In addition, Dorsey wants to improve the recovery mechanism so that people don't lose their money:
«Customers should be able torecover information from damage, loss and theft, as well as save secret words. In practice, all this is not ready for mass use. We don't need more passwords on sticky notes. What best-in-class solutions should we consider?
The Square wallet is likely to be without a display.which will make it more convenient and accessible. Whether the development team will be able to create a strong competitor to the Ledger and Trezor hardware wallets is hard to say.
Where is it more profitable to buy bitcoin? TOP-5 exchanges
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.
The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.
Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?
Rating of cryptocurrency exchanges:
| # | Exchange: | Website: | Rating: |
|---|---|---|---|
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Bybit | https://bybit.com | 7.5 |
| 3 | OKEx | https://okex.com | 7.1 |
| 4 | Exmo | https://exmo.me | 6.9 |
| 5 | Huobi | https://huobi.com | 6.5 |
The criteria by which the rating is set in our rating of crypto-exchanges:
- Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
- Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
- Feedback and support– we analyze user reviews and the quality of technical support.
- Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
- Platform Features– availability of additional features — futures, options, staking, etc.
- final grade– the average number of points for all indicators determines the place in the ranking.
5
/
5
(
1
voice
)
Read this:
Twitter CEO and rapper Jay Z donate $ 23.5 million to Bitcoin development
The head of Twitter installs the Bitcoin blockchain node
The head of SkyBridge is confident in the long-term future of bitcoin
Jack Dorsey's Square company bought bitcoin for another $ 170 million
Twitter and Square will not participate in the Libra project from Facebook
ECB head: digital euro will be launched in 4 years