Block, a company that specializes in developing secure and user-friendly hardware wallets for Bitcoin, has announced that it has started shipping the first batch of its flagship product, the Block Wallet, to a select group of testers. The Block Wallet is a device that allows users to store, send and receive Bitcoin without relying on third-party services or intermediaries. The device is designed to be easy to use, portable and resistant to physical and digital attacks. Jack Dorsey’s new Blockchain enterprise, Block is focused on building products and services that enable people to participate in the Bitcoin ecosystem.
Block has been working on its hardware wallet for a while, but it has kept the details under wraps. However, according to some sources, Block is quietly shipping the first editions of its new Bitcoin hardware wallet to a select group of testers and early adopters. These lucky few will get to try out the device and provide feedback to Block before it launches to the public.
The Block hardware wallet is expected to have some unique features that set it apart from other wallets on the market. For example, it will use a QR code system to communicate with the user’s smartphone, instead of relying on USB or Bluetooth connections. This will make the device more secure and convenient, as well as compatible with any smartphone that has a camera.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
Another feature that Block is reportedly working on is a multisig option, which will allow users to require multiple signatures to authorize a transaction. This will add an extra layer of security and prevent unauthorized access to the user’s funds. Multisig is also useful for businesses and organizations that want to share control of their Bitcoin.
“We are excited to announce that we have started shipping the first editions of our Bitcoin Hardware wallet, Block, to a select group of testers. Block is a secure and easy-to-use device that allows you to store, send and receive Bitcoin and other cryptocurrencies.
Block is designed to protect your private keys from hackers, malware and physical damage. It also features a large touchscreen, a fingerprint scanner, a camera and a QR code reader. You can use Block to sign transactions, verify addresses and scan QR codes without connecting to a computer or a smartphone.
We have been working hard to develop Block for the past two years, and we are grateful for the feedback and support we have received from the Bitcoin community. We have chosen a small group of testers who have pre-ordered Block and who have agreed to share their honest opinions and suggestions with us. We will use their feedback to improve Block and make it ready for mass production.’
We believe that Block is the best Bitcoin Hardware wallet on the market, and we can’t wait to share it with you. If you are interested in pre-ordering Block, you can visit our website and join our waiting list. We expect to ship the next batch of Block devices in early 2024.’’
Block has not announced when it will release its hardware wallet to the public, but it is likely that it will happen soon as January, given that it is already shipping the first editions. The device will probably be in high demand, as more and more people are interested in Bitcoin and want a safe and easy way to store and use it.
If you want to learn more about Block and its hardware wallet, you can visit their website or follow them on Twitter. You can also sign up for their newsletter to get updates on their products and services. Block is one of the most exciting companies in the Bitcoin space, and we can’t wait to see what they will do next.