Jack Dorsey’s Block, a company focused on open blockchain infrastructure, has launched its own self-custody Bitcoin wallet, ‘Bitkey’. Block’s wallet allows Bitcoin users to safely and securely store their funds without the need for a third-party custodian.
Bitkey is a physically secure hardware wallet that stores users’ Bitcoin securely and offline. Bitkey is powered by Blockstack, a blockchain platform that seeks to provide users with full control over their digital assets and identity. Bitkey is designed to give users the flexibility to easily adapt their cryptocurrency wallets to their needs. For example, Bitkey supports multi-signature security, which allows users to enable two-factor authentication and tamper-proof storage of their private keys.
The wallet is also designed to give users no-fee access to the Bitcoin blockchain, which facilitates easy global transactions with low fees. Moreover, Block is offering multi-device synchronisation, which allows users to sync up their device wallets across several devices.
Overall, the unique features of Bitkey make it an attractive wallet solution for Bitcoiners who place a premium on security and privacy. Additionally, the device enables new and experienced cryptocurrency users to become more familiar with digital asset management. With the help of Bitkey, users can gain better understanding of their finances from the comfort of their own homes, as well as access to new trends in financial technology.