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Bitmain acquired a startup developing a Bitcoin Cash wallet


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Bitmain, the largest manufacturer of mining equipment, has acquired a Telescope startup that has created a Bitcoin Cash (BCH) cryptocurrency wallet.

Developed by a startup browser BCH-wallet was first introduced this year. Telescope is currently available in the Google Chrome and Mozilla Firefox browsers. In the future, the company intends to expand the list of supported browsers.

The wallet is supported by BitPay and moneybutton.com. Cryptographic keys are stored in the browser extension and are signed on the user side. According to representatives of the project, this approach provides a high level of security.

The head of Bitmain for international relations, Nishant Sharma, said that Telescope brings a “simple but key innovation” to the Bitcoin Cash ecosystem.

“Browser-built cryptographs are a promising technology. The Telescope development team is doing a very interesting job and we are happy to cooperate with this project, ”he added.

Bitmain owns approximately 6% of the total Bitcoin Cash offer. The investment policy of the Chinese giant is perceived in the crypto community ambiguously. So, in August it became known that because of the large share of BCH in the company's portfolio and the deep drawdown of the price of this asset, Bitmain suffered significant losses.
A source: https://forklog.com/bitmain-priobrel-startap-razrabatyvayushhij-koshelek-dlya-bitcoin-cash/

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