A naukri.com initiative
Bitcoinmagazine
1w
242
Bitcoin Lightning Wallet ZEUS Isn’t Going Anywhere
- Bitcoin lightning wallet, ZEUS, has a mission to enable users to make Bitcoin payments their way, whether they are just starting out or are seasoned veterans using a full node running at home.
- ZEUS prides itself on providing self-custody and privacy features while many other wallets make trade-offs for cost saving or the bay user experience.
- Evan Kaloudis, the founder of ZEUS, emphasises the importance of self-custody, no KYC and the right to privately self-custody bitcoin in the US, which had to be defended at all costs.
- While Kaloudis admits that there is a good chance of Zeus getting targeted by regulators in the future, he believes the company's product is so good that thousands of people would continue to use the software even if its services were shut down.
- Kaloudis believes the current price of Bitcoin is being mainly driven by people trading the cryptocurrency like a stock or using it as an entry tool to gamble on shitcoins and meme coins, rather than being adopted as a medium of exchange which is the larger threat to Bitcoin opponents.
- Adding protocol-level changes is necessary for the easier adoption of Bitcoin as a medium of exchange, according to Kaloudis, who also believes that allowing payment channels to be set up without breaking the bank would make Bitcoin adoption more accessible and beneficial.
- Zeus has two Nostr integrations, one of which enables users to import contacts from Nostr, allowing them to send payments more easily. The other integration uses Nostr to power Zeus' self-custodial Lightning address service.
- ZEUS has built measures into their system that will prevent bad actors from using their platform. If regulators come knocking on their door, they will show them that it's not just a free for all, but acts in good faith to enable users to freely make Bitcoin payments their way.
- Kaloudis says the cryptocurrency industry has seen a real chilling effect following recent crackdowns on other firms, and hopes that his actions will encourage others to stand up and not leave the markets preemptively.
- In Kaloudis' opinion, the entire world will change if the Bitcoin project succeeds, but the opposing side has advantages that could cause a home run. Despite this, he sees there being a lot more crazy developers in the future.
Read Full Article
14 Likes
For uninterrupted reading, download the app