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Trust Machines, a Web3.0 firm co-founded by Stacks Co-Creator Muneeb Ali and Princeton computer science professor JP Singh, <a href="https://trustmachines.co/blog/trust-machines-launches-leather-the-bitcoin-wallet-for-bitcoin-web-3/" rel="noopener noreferrer nofollow">announced the launch of a new wallet dubbed Leather</a>.&nbsp; 
The flagship wallet is a new Bitcoin (BTC) wallet brand designed to drive the global transition to a digital economy built on Bitcoin. The launch of Leather was achieved through the acquisition of assets from Hiro Systems PBC. 
This acquisition and rebranding now makes Leather Wallet LLC a subsidiary of Trust Machines.&nbsp; 
<h2 id="b-trust-machines-set-to-offer-high-quality-user-experience-b">Trust Machines Set to Offer High Quality User Experience&nbsp;</h2> 
Markedly, Trust Machines plans to deliver the highest quality user experience possible while providing unparalleled developer resources for app integration at the same time. The newly launched wallet will play a crucial part in achieving this result by pioneering a higher standard of accessibility. According to a Trust Machines blog post,&nbsp; 
“Even non-technical users worldwide should feel empowered to tap into the Bitcoin economy with innovative use cases that provide long-term, reliable value.” 
<h2 id="b-bridging-the-gap-between-btc-and-l2s-b">Bridging the Gap Between BTC And L2s</h2> 
Before the acquisition and rebrand of Hiro Wallet, the protocol supported Stacks L2 functionality and Bitcoin Ordinals.&nbsp; 
With the revamp, however, Trust Machines is looking to bridge the gap between the BTC network and other emerging Layer-2 solutions It supports the performance of several activities including the deposit, view, creation, trade and transfer of Ordinals, Stack Non-fungible tokens (NFTs) and Bitcoin Stamps. 
Amongst many other things, the wallet is self-custody, open-sourced, and audited. The Chief Executive Officer (CEO) and Co-founder of the project Muneeb Ali reiterated that the connection between Bitcoin and L2s is necessary for the token to reach billion users. Per a statement from Ali, “Instilling trust and security through decentralization is a key factor of our Bitcoin wallet.” 
<h2 id="b-crypto-wallets-suffers-attack-b">Crypto Wallets Suffers Attack</h2> 
Ali’s talk about instilling security cones amidst a prevalence of wallet attacks in the crypto space. Many Web3.0 wallets have suffered severe losses from the exploits perpetrated by bad actors&nbsp; who sometimes leave them empty. 
Cryptocurrency wallet, <a href="https://thecoinrise.com/trust-wallet-suffers-170k-exploit-due-to-vulnerability/" rel="noopener noreferrer nofollow">Trust wallet suffered an exploit that led to the loss</a> of $170,000 in two separate transactions. The affected wallets were promised a reimbursement from the company. <a href="https://thecoinrise.com/atomic-wallet-hacked-users-claim-loss-of-entire-holdings/" rel="noopener noreferrer nofollow">Atomic Wallet was equally attacked </a>and many of its users claimed to have lost their entire crypto holdings. 
The post <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com/trust-machines-launch-crypto-wallet-to-drive-digital-economy/">Trust Machines Launch Crypto Wallet to Drive Digital Economy</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Trust Machines Launch Crypto Wallet to Drive Digital Economy

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TheCoinrise Media

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