Block, former Twitter CEO Jack Dorsey’s payments company, is moving into bitcoin mining territory. This is not surprising, after all, Dorsey had already given hints of this last fall. Now arises from testimonies from block executives, tweets as well as current job advertisements for a more detailed picture of the project:
We want to make mining more decentralized and efficient in every way, from purchasing to setup to maintenance and mining. Block is interested because mining goes well beyond creating new bitcoins. We see it as a long-term imperative for a future that is fully decentralized and independent
, reads a tweet from the company’s general manager of hardware, Tom Templeton. In current job postings on LinkedIn talks about Block’s plans to develop “the next generation of mining ASIC” and create a hardware wallet for the next 100 million Bitcoin (BTC) users.
Block is also working on hardware wallet
The job posting aligns with Dorsey’s announcements from 2021. Back when Block was called Square, he tweeted:
Square is considering building a bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.
Back in July, Square claimed to have a BTC hardware wallet with assisted custody to develop. It seems that the plans are now coming together. At least hints another job posting thereupon. Busy as Dorsey is, he also unveiled a new litigation fund this week. This is intended to provide financial support to Bitcoin developers who are being sued for their work. The funds will probably be used for the first time in a legal dispute involving the self-proclaimed Bitcoin inventor Craig Wright.
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