Decentralization is happening everywhere, so why are crypto wallets “walled gardens”?
The twin cryptocurrency and digital identity revolutions are supposed to be building a better future, where anybody can take charge of their sovereignty and security in a world where both face unprecedented threats. Yet at one crucial level, the decentralization ecosystem has a glaring vulnerability: consumer hardware wallets.
Devices like Ledger sell themselves as the last word in security for the crypto economy. Most end users will accept those marketing messages, hook, line, and sinker.
Why wouldn’t they? The learning curve for Bitcoin, crypto, and decentralized finance is precipitous. People are looking for a trusted guide up the mountain. Unfortunately, the hardware wallet industry is leading users blindly to the edge…
