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New Bitcoin Core upgrade will allow hardware wallets and full nodes to connect

source-logo  chepicap.com 09 April 2019 03:20, UTC

The next release of the Bitcoin Core code will have an important new feature that many have been waiting for. It will allow users with hardware wallets to connect to full nodes, as reported by CoinDesk.

Operating full nodes is beneficial to the Bitcoin network in terms of trustlessness, and the team is seeking to encourage more users to run full nodes with the latest release. Few users run them as they required a lot of technical expertise to set up initially, as well as more than 200 GB of data storage.

The next upgrade will be the 18th version of Bitcoin Core's most widely used software. It will make hardware wallets, which are the most secure way of storing Bitcoin, compatible with full nodes. The connection will still have to be executed manually in the command line, but it's definitely a step forward for the technology. 

According to Bitcoin Core contributor Sjors Provoost, "The wallet software that normally comes with hardware wallets reveals your addresses to a third-party server.  The full node would replace this wallet software, giving users privacy again"

chepicap.com