The future of crypto is self -storage that makes the stock exchanges a blow, says the CEO of Coinbase
The future of crypto is self -storage that makes the stock exchanges a blow, says the CEO of Coinbase
- ledger, which is primarily known for its crypto hardware wallets, plans to expand Safari to expand a wallet extension for cryptocurrencies
- Brian Armstrong, CEO of Coinbase, said, meanwhile, he expects users to think more seriously about taking their assets themselves
Since the interest of private customers and institutions is growing in digital assets, wallet providers rely on the fact that crypto owners take on ownership of their assets.
The self-preservation of digital assets is the "future," said Charles Hamel, Vice President of Product at the crypto hardware wallet manufacturer Ledger. He added that property is "really unique and esoteric for the things we build".
Ledger produces hardware wallets that enable users to store digital assets directly on a USB drive and at the same time to check their private keys safely, in contrast to web-based or software wallets.
The stock exchanges also begin to think about the role that plays self -maintaining and ownership in the current landscape of digital assets, said Hamel.
crypto owners want to keep their assets increasingly, often out of fear of laying their private keys and losing their money forever, he said. As a result, stock exchanges have started to offer self -negotiation services, often against a bonus.
Brian Armstrong, CEO of Coinbase, said that he expects users to consider more serious to take assets into their hands. The stock exchange now offers self-negation wallets and will soon give users the opportunity to do this directly via the app, Armstrong recently wrote Blog entry .
Since investors feel more comfortable with the technology, concerns about property and security are becoming increasingly important, said Hamel.
"The products that most crypto-forward people use today are used by mainstream customers in one year and a few years later," wrote Armstrong. "We have to start integrating them today."
ledger revealed plans, a crypto wallet extension, Ledger Connect, add to Safari that will allow users to connect hardware wallets to web3 applications such as Ethereum and Solana.
"We want to reduce the friction for Ledger users to bring their keys to Web3," said Hamel.
Security is also the key when it comes to self -storage, he added. Ledger Connect plans to add a new security level, "Web3 Check", said Hamel, who intends to mark suspicious web3 apps. Users are warned when an app is linked to previous fraud, chopped websites or fraudulent smart contracts - the latter increase with the increase in decentralized financial protocols.
"Having something in hand is essential for people - the tangibility is really important," said Hamel.
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The contribution "Crypto’s Future is Self-Custody, Dealing Blow to Exchanges," says the CEO of Coinbase, is not a financial advice.