Bitcoin Magazine
Hardware Wallets: Bitcoin’s Biggest Adoption Barrier
There are roughly half a billion crypto users around the world and, at the most generous estimate, only 2.5% are using hardware wallets. That’s a tiny number, but I’m relieved it’s not higher.
Why? Because I want people to on-board to Bitcoin by the billion, and I want to see everyone self-custody securely. The consumer hardware wallet industry is one of the biggest obstacles to achieving this goal. And not just to Bitcoin adoption: the whole decentralization revolution is at risk if we don’t address the fatal flaw at the heart of the world’s most popular wallets.
Wallets are treading water
Last year in these pages, Lucien Bourdon celebrated “10 years of the wallet revolution”. There’s a lot I agree with, but one glaring omission. Almost without exception, the ‘leading’ consumer hardware wallets on the market today have barely innovated in a decade. And as every security e
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