In two recent posts on LinkedIn, Jack Dorsey’s (formerly Square) Block revealed the group’s plans to develop “next-generation ASIC mining” and create a hardware wallet for the next 100 million Bitcoin (BTC) users.
The two positions are located at Block’s San Francisco headquarters and have been added to the job posting platform over the past 24 hours.
For the role of Digital Design Leader, the candidate will assist in Silicon Validation and ASIC Prototyping. An ASIC is a small machine that can be used to extract bitcoins and is considered the best option for securing the bitcoin network. A new job advertisement confirms that Block intends to develop specialized ASICs for mining BTC.
The second position is global logistics, which is responsible for completing equipment. The essence of the work is to “provide a user-friendly and reliable self-service incubator for a global audience.” Ultimately, Block aims to distribute its hardware wallets in over 100 countries.
The news is in line with Dorsey’s announcements in 2021. When Block was named Square, Dorsey tweeted: “Square is considering creating a dedicated open source Bitcoin mining system for individuals and companies around the world.”
Back in July, Square said it developed a BTC hardware wallet using “storage”. The plans seem to be approaching now.
Block is the nickname for Square, CashApp, Spiral, Tidal and TBD54566975. Regardless of their tidal music streaming service, each company is committed to pushing for Bitcoin adoption and financial empowerment.
The Blok group of companies has 650 jobs worldwide. For the bloc, there are several current lists of leading public policy positions in the United States in addition to the aforementioned two product-related roles.
Since retiring as CEO of Twitter, Dorsey has been a vocal advocate for Bitcoin while openly opposing Web3 – sometimes with mixed results. After a series of targeted tweets, he was stuck between a block and a hard spot after tweeting that VC’s owns Web3. Mark Andreessen, CEO of Andreessen Horowitz, quickly blocked it.
However, he has also won NBA stars, including NBA champion Andre Iguodala and Clay Thompson, who will receive part of the Bitcoin scholarship through the Block’s Cash app.