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Block’s LinkedIn Vacancy Postings Disclosed Jack Dorsey’s Bitcoin Plans

By Tracy Hannes | January 12, 2022

Via the two latest talent hunt postings on LinkedIn, Jack Dorsey’s Block (formerly Square) reportedly disclosed the group’s goal of building “the next generation of mining ASIC”, and making a hardware wallet for the next 100 million Bitcoin (BTC) users.

Specifically, the two positions were reportedly opened at Block’s headquarters in San Francisco, and were posted to the job posting platform in the past 24 hours.

The job description of the custom digital design lead position reportedly revealed the participant will be assisting with silicon validation of the ASIC and its prototype.”

An ASIC functions as a small machine that supports Bitcoin mining, and is renowned as the top choice for Bitcoin network security. The new job posting offers confirmation regarding Block’s intention of building purpose-built ASICs for BTC mining.

The second vacancy is for the hardware wallet’s global fulfillment and logistics lead. The primary responsibilities of the position reportedly include “bringing easy-to-use, reliable self-custody to a global audience”. Block’s ultimate goal with it is to carry out the distribution of its hardware wallets to more than 100 nations.

These freshly surfaced news are reportedly in line with Dorsey’s announcements made last year, when Block’s name was still Square, with Dorsey sharing “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide” via Twitter. 

In July 2021, Square claimed to be in the development stage for an “assisted custody” BTC hardware wallet, and the bigger picture of the entire plan is being revealed. 

Block is reportedly the holding name for Square, CashApp, Spiral, Tidal and TBD54566975. Apart from Tidal music streaming service, every firm is dedicated to fast-tracking Bitcoin adoption and economic empowerment.

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