// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . '/rtl.css' ) ) $uri = get_template_directory_uri() . '/rtl.css'; return $uri; } endif; add_filter( 'locale_stylesheet_uri', 'chld_thm_cfg_locale_css' ); if ( !function_exists( 'chld_thm_cfg_parent_css' ) ): function chld_thm_cfg_parent_css() { wp_enqueue_style( 'chld_thm_cfg_parent', trailingslashit( get_template_directory_uri() ) . 'style.css', array( 'font-awesome-v5','bootstrap','sidr','magnific-popup','sliderpro' ) ); wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); } endif; add_action( 'wp_enqueue_scripts', 'chld_thm_cfg_parent_css', 10 ); // END ENQUEUE PARENT ACTION add_action( 'admin_enqueue_scripts', 'my_cfg_admin_enqueue' ); function my_cfg_admin_enqueue(){ wp_enqueue_script('custom-script', get_stylesheet_directory_uri() . '/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); }/** * The header for our theme * * This is the template that displays all of the section and everything up until
* * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?> Jack Dorsey Rolls Out Self-Custody Bitcoin Wallet With Key Recovery Tool – CoinsMegaNews

Jack Dorsey Rolls Out Self-Custody Bitcoin Wallet With Key Recovery Tool

2 years ago CryptoExpert
Jack Dorsey Rolls Out Self-Custody Bitcoin Wallet With Key Recovery Tool

[ad_1]

Jack Dorsey’s Block has announced the full, global rollout of Bitkey – the firm’s self-custodial Bitcoin (BTC) wallet – in a bid to encourage HODLers to take full control of their coins.

“Move your Bitcoin off the exchanges,” said Dorsey via X (formerly Twitter) on Thursday, attaching a link to Bitkey’s website which is currently selling the wallets for $150 apiece.

Bitkey’s Unique Security Model

Per a press release from Block on Thursday, Bitkey’s rollout is available to ninety-five countries across six continents including the United States, Canada, Argentina, Brazil, Chile, El Salvador, and others.

The wallet’s product suite includes a mobile app for users to manage their funds, and a biometrically secured hardware device for storing a private key.

As a “multi-signature” wallet, moving coins from a Bitkey requires permission from two of three keyholders: the hardware device, the user’s phone, and Block itself. This security model is intended to protect users in case they lose one or both of their keys.

For example, if a user loses or replaces their phone, they can still use Bitkey’s cloud backup service to recover their mobile key. Backups stored on Bitkey’s cloud are encrypted, and can only be decrypted using a key exclusively stored in the customer’s hardware device.

Alternatively, if a customer loses their hardware wallet, they may trigger an in-built fund recovery process within their app. After a security waiting period, Bitkey will send users a new device, and will collaborate with the customer to transfer their old balance to their new keys.

Even if both a user’s hardware wallet and phone are lost, they pre-arrange “trusted contacts” to help verify their identity to Bitkey, who can help recover both their mobile and hardware keys for them.

Making Self Custody Feasible

Bitkey Business Lead Lindsey Grossman noted that the wallet was designed to make people feel more secure about self-custody of their keys, and more willing to remove their coins from centralized exchanges.

“People have often felt stuck: worried about the lack of control they might experience on a custodial platform or exchange, yet also anxious about the unforgiving product experiences that exist in other self-custody wallets historically available,” she stated.

Dorsey has endorsed numerous Bitcoin-related initiatives in the past to promote decentralization and security throughout the ecosystem. Last month, he led a $6 million raise for the non-custodial Bitcoin mining pool OCEAN.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

[ad_2]

Source link

Tags:

More Stories

Bitcoin Scarcity Post-Halving Will Trigger a Steady Bull Run

Bitcoin’s Scarcity After the Halving to Result in Steady Bull Run

1 year ago CryptoExpert
Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

1 year ago CryptoExpert
Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

Former Bitmex Chief Expects Crypto Prices to ‘Slump’ Around the Bitcoin Halving

1 year ago CryptoExpert
Crypto Market Recovers After Iran-Israel Conflict Rocks Prices

Bitcoin, Crypto Market Bounce Back After Iran-Israel Clash

1 year ago CryptoExpert
Venture Capital Interest in Bitcoin Startups Has Exploded: Research

Venture Capital Interest in Bitcoin Startups Has Exploded: Research

1 year ago CryptoExpert
The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

The Only Path Forward to Web3 Adoption: Unlocking Tech Synergy Through Collaboration

1 year ago CryptoExpert

Leave a Reply

Your email address will not be published. Required fields are marked *

/** * The template for displaying the footer * * Contains the closing of the #content div and all content after. * * @link https://developer.wordpress.org/themes/basics/template-files/#template-partials * * @package CoverNews */ ?>

You may have missed

Top Online Casino Sites that Accept Neteller Down Payments

1 hour ago xtw18387208b

The Advantages of Using PayPal at Online Online Casinos

1 hour ago xtw18387208b

Online Online Casino Real Money: The Ultimate Overview

7 hours ago xtw18387208b

The Advantages of Making Use Of PayPal for Gambling Enterprise Deposits

11 hours ago xtw18387208b