Jack Dorsey Explains Block's Involvement In Bitcoin Mining Hardware

According to Odaily, Jack Dorsey has clarified the reasons behind Block's venture into the Bitcoin mining hardware sector. He stated that the establishment of this system is not solely for the purpose of mining new Bitcoins, but also to verify transactions. Dorsey emphasized that a secure network leads to secure currency, which in turn fosters trust among businesses and individuals. He believes that the security of the currency is a crucial factor that people and businesses can rely on. The move by Block into the Bitcoin mining hardware sector is seen as a strategic step to ensure network security, which is fundamental to the stability and trustworthiness of the digital currency. This venture is not just about generating new Bitcoins, but also about creating a secure environment for transactions, thereby enhancing the overall trust in the digital currency.