In the coming release of Bitcoin Core, the 18th major version of the cryptocurrency's most widely used software, the code will finally, natively allow users to connect bitcoin full nodes to hardware wallets.
Bitcoin full nodes allow users to verify that transactions actually took place hardware wallets are considered one of the most secure ways to store bitcoin.
Still, the change is part of a much broader effort to make bitcoin full nodes easier to use for people other than just tech geeks.
"With this merged, the upcoming Bitcoin Core 0.18 release will be finally usable with hardware wallets by using."
In order to send a transaction on the bitcoin network, users need to connect to a bitcoin node.
As the value proposition of bitcoin is to not trust others, some developers go as far as to argue that using bitcoin in a way that removes the full node defeats the purpose of bitcoin.
Bitcoin Core contributor Sjors Provoost, for example, has argued that running a full node is helpful for "Knowing your bitcoin is real," offering the example of Segwit2x, a proposed bitcoin fork from 2017 in which some companies, miners, and users proposed upgrading bitcoin to a larger block size.
With this new tech in place in the Bitcoin Core software, users can store their bitcoin on an offline hardware wallet, then use their full node to verify the data they're getting fed, such as transaction data, is correct.
While hardware wallet support in 0.18 has generated much excitement, As usual, the release is filled with other contributions from the pool of global Bitcoin Core contributors.
Dobson also pointed to a new "Multiwallet" command, which will allow users to pair with multiple wallets within their bitcoin core full node.
Next Bitcoin Core Release to Finally Let Hardware Wallets Connect to Full Nodes
Published on Apr 8, 2019
by Coindesk | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.