Hoskinson Predicts iPhone-Based Crypto Wallets
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At Consensus 2026, Cardano founder Charles Hoskinson sparked debate by suggesting users should not hold their own private keys. He argued that secure chips in modern smartphones outperform dedicated hardware wallets like Ledger and Trezor, positioning iPhones and Androids as the future of crypto custody. While this vision could drive mainstream adoption by simplifying security, it challenges the core crypto tenet of self-custody. Critics warn that centralizing key management in device manufacturers may introduce new risks and undermine decentralization. The industry remains divided on whether convenience or sovereignty should prevail.
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