Jameson Lopp, co-founder and CTO of Bitcoin wallet provider Casa, has said that the demand for Ethereum self-custody solutions is increasing due to the lack of secure storage methods. Lopp stated that Casa has found it necessary to provide Ethereum support due to the increased number of Ethereum users seeking the service. Casa announced in December that it would be adding Ethereum support, despite criticism from Bitcoin enthusiasts on social media.
– The demand for Ethereum self-custody solutions is growing due to the lack of secure storage methods.
– Casa has found it necessary to provide Ethereum support due to the increased number of Ethereum users seeking the service.
– Casa announced in December that it would be adding Ethereum support, despite criticism from Bitcoin enthusiasts on social media.
– Users still perceive self-custody as having a daunting “learning curve.”
– Setting up a wallet and sending crypto to it is easy, but practicing proper security habits can be complex.
– Casa’s service is an “extreme-security cold-storage setup with distributed keys.”
– The concept of crypto self-custody began with the first Bitcoin wallet, BitcoinQT, developed by Satoshi himself.
– Some wallet providers are attempting to solve this problem through new tech that they say will make self-custody simpler and will entice more users to take control of their crypto assets.
