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Wednesday, 28 August 2019

Custody and Bitcoin Nodes

I think it’s safe to say that the classic understanding of bitcoin custody has long been “not your keys, not your coins.” This is admittedly oversimplified, but clearly focused on key management.

In explaining the benefits of individuals running fully validating or “full nodes”, I’ve recently heard people leading two different bitcoin projects reference lack of transaction validation as an undesirable aspect of custodial wallets.

Have I misunderstood Crypto-custody or is there a shift in thinking going on here?

submitted by /u/Hard_Money
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from Bitcoin - The Internet of Money https://ift.tt/32eqmD7

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