After a video went viral of what appears to be a hardware wallet getting smashed with a hammer and then blow-torched into a charred mass, Ledger (and all of the crypto industry) got a searing reminder on the importance of managing expectations.
There is no shortage of horror stories about stolen funds, hacks and lost passwords in the crypto industry. This is where crypto custody comes into play. Casa CEO Nick Neuman breaks down three types of custodians, as well as the benefits and risks of each.
For most people, crypto custody comes down to the choice of holding their own keys or giving them to an exchange. Fedi offers an intriguing third way – to share the burden with trusted friends and family. That’s why Fedi is one of CoinDesk’s Projects to Watch 2023.