Jack Dorsey has been relentless in his advocacy for Bitcoin. Block’s job postings confirm the direction in which the company is heading. In some ways, the news is surprising.
Mining systems and hardware wallets a priority
The promises made over the past year, still stand. After Jack Dorsey stepped down as CEO of Twitter, he took control of a wing of the company Block called Spiral, dedicated to working on supporting the Bitcoin network.
His eagerness to act is revealed through job postings on LinkedIn. In doing so, they reveal the company’s intentions for the near future. Two people are being sought. One of them is a Custom Digital Project Leader and the other is a Global Execution and Hardware Portfolio Logistics Leader. Both of the aforementioned positions are roles to be filled at Block’s headquarters, which is located in San Francisco.
The first role mentioned indicates that Block has set its sights on building new ASIC mining devices. This is a type of device that is common in Bitcoin mining and is considered to be a robust network security. The second item, in turn, confirms the words of Jack Dorsey, who indicated the need for a new, reliable hardware wallet for Bitcoin. As reported in the announcement, it is supposed to be a device that is easy to use and accessible to a global audience. According to available information, Block wants it to eventually be distributed to more than 100 countries and available to a minimum of 100 million users in the process.
What is Block?
Block is a company known as Square until early December. It manages such brands as Twitter, Tidal or CashApp. One of its factions is also Spiral. Jack Dorsey, who heads it, has begun actively pursuing Bitcoin. Along with cryptocurrency mines and wallet providers for digital assets, it is one of the most committed, yet most promising entities working for the Bitcoin network. Its goal is not only to create a new hardware wallet and develop a mining system. Spiral is also focused on building a new decentralized exchange dedicated to the largest of the cryptocurrencies. Despite the fact that Spiral is an extremely young entity, it has first successes to its credit. We wrote about them in an article titled “Spiral (Jack Dorsey) Releases Lightning Network Demo Development Kit”. If you haven’t read it yet, be sure to take a look!