Self-custody Bitcoin Wallet. The Proton Wallet, developed by email privacy and security company Proton, is a Bitcoin-only wallet where users can keep digital assets in self-custody. It was announced by the email corporation based in Switzerland that with the launch of Proton Wallet, Proton is facilitating the adoption of Bitcoin as a decentralized payment system and making it easier for newcomers to start using it.
To ensure the safety of email communications, the business has integrated end-to-end encryption into Proton Mail. Features like Bitcoin via Email and security offered by Proton Sentinel make the Bitcoin self-custody wallet user-friendly for newbies. In 2014, researchers gathered at CERN (the European Center for Nuclear Research) produced proton. They developed a secure email platform with more than 100 million users.
Proton Shows Support for Bitcoin Over Years
Over time, Proton began accepting payments and donations in Bitcoin. Additionally, the company emphasized the significance of financial independence when PayPal was briefly unable to release its initial crowdfunding funds, which nearly resulted in the company’s demise.
Additionally, Proton has previously announced a Bitcoin treasury policy, which confirms that the company maintains Bitcoin as a component of its financial reserves. The launch of Proton Wallet represents a crucial step that the company is taking to safeguard the financial independence of its consumers.
Currently, the Proton Wallet is available on the web, Android, and iOS for users who are subscribed to the Proton Visionary plan, according to the company. You can access it through early access. Once more, this plan will be made available for a short period. Users with early access can ask ten friends to join, and there is a waiting list for those who still want to join. Only Bitcoin will be supported when the Proton Wallet is first released. Based on the comments received from users, it may, in the future, support more currencies, including fiat currency.
Key Features of the Proton Wallet
The phrase “Bitcoin via Email” is one of the most distinguished characteristics of the new wallet. Proton can use its extensive infrastructure and email user base by doing so. The use of Proton Wallet simplifies the process of sending and receiving Bitcoin. If both the sender and the recipient own a Proton Wallet, the only required email address is that of the recipient. Bitcoin addresses are automatically rotated for each transaction processed by the Proton Wallet, preventing transactions from being easily linked.
The data is encrypted from beginning to end and is self-custodial. This means that consumers have control over their encryption keys, guaranteeing that no one, not even Proton, can access their digital assets when encrypted. Access to Bitcoins is guaranteed by robust recovery procedures, even if Proton Wallet is unavailable. A two-factor authentication system is already embedded into the wallet, and the advanced machine learning and artificial intelligence algorithms included in Proton Sentinel will guard against unauthorized login attempts.
