Jack Dorsey’s Block has announced a new update on its upcoming Bitcoin (BTC) wallet. The firm, formerly known as Square revealed in a March update, that it will adding fingerprint sensor devices for security to both hardware and mobile wallets.
more progress from our bitcoin wallet team https://t.co/3MOZByWotJ
— jack
(@jack) March 11, 2022
https://platform.twitter.com/widgets.js
The company notes:
“For transactions that require using the wallet hardware, we want our customers to be able to unlock their wallets securely, but with ease – an unlikely combination that historically has not existed in the market. We believe PINs, passwords, and seed phrases are confusing and often not secure given the workarounds normal people have to create given all the friction. This compounds when the need for those passwords are more rare.
Every authentication technology comes with tradeoffs. We’re excited about the security against theft or misuse that [fingerprint sensor data] will provide, the peace of mind that will come from not needing to remember yet another PIN, and the ease of placing a finger on the sensor rather than manipulating tiny, failure-prone buttons on a difficult-to-read screen.”
Block assures the highest level of personal security stating:
“Of course, fingerprint sensor data will never leave the hardware device.”
In what somewhat might seem controversial and counter intuitive for long time crypto-holders who understand the importance of securing your wallet and keys, Block is also evaluating “additional access methods that customers could opt into” if they would like to share wallet access with others.
Block’s wallet project was first announced last summer.
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Source: Igaming
