Casa Launches Support for Ethereum Storage
Since its founding in 2016, Casa has been a leader in the industry in advocating for multi-signature self-custody of BTC, offering its signature Bitcoin vault which allows users to secure their cryptocurrency using up to five keys for more distributed protection.
Casa initially served Bitcoin ‘whales’ who were willing to invest $10,000 annually in custody, before expanding its services to a wider range of Bitcoin users. The firm has now incorporated an Ethereum vault into its platform, allowing ETH holders to use up to five keys for safeguarding their assets.
Casa CEO Nick Neuman has stated that, apart from some hardware wallet models, the industry has yet to develop a security solution that can be used for both Bitcoin and Ethereum due to them operating on different protocols.
The company is engaging with customers about the possibility of introducing self-custody assistance for ETH-related assets such as NFTs, stablecoins, and ERC-20 tokens.
As Cointelegraph has already reported, Jameson Lopp, co-founder and chief technical officer of Casa, has drawn attention to the increasing demand for multi-signature ETH self-custody from its users and the broader crypto community.
In light of the numerous high-profile collapses of major exchanges such as FTX, Casa has declared its intention to introduce an ETH storage solution, since many users have not only been denied access to ETH, but also their Ethereum-based stablecoins and other ERC tokens.
Industry Professionals Discuss Self-Custody Solutions for Bitcoin
The CEO of Ledger has stated that the crypto key recovery service they provide makes self-custody of digital assets simpler.
In 2022, hackers caused chaos in the web3 world, stealing billions of dollars through bridge hacks and vulnerabilities in smart contracts. Neuman emphasized this when Casa declared its intention to store ETH, noting that a number of breaches had occurred in the web3/crypto realm due to inadequate private key protection.
Casa, a cryptocurrency self-custody platform, has launched support for Ethereum (ETH) storage, claiming to be the first in the industry to offer multi-signature Bitcoin (BTC) and ETH self-storage.
In an interview with Cointelegraph journalist Joe Hall, Lopp emphasized the significance of creating self-custody solutions that are more accessible and easier to use, so that users can have full control of their assets and assurance in handling the associated obligations.
Industry professionals have opined that it is difficult to calculate the amount of Bitcoin stored in self-custody wallets.
Can we make Bitcoin better than Ethereum by using Ordinals instead, thus fixing the issue?
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