Cardano’s Charles Hoskinson says the future of crypto wallets will be inside iPhones and Androids

Cardano founder Charles Hoskinson predicts that the future of cryptocurrency wallets will reside within smartphones like iPhones and Androids. He argues that the secure chips already present in these devices surpass those in dedicated hardware wallets like Ledger and Trezor, offering superior security for private keys. Hoskinson highlights that users already carry this advanced signing hardware and are accustomed to biometric authentication through passkeys, which can replace traditional seed phrases. He points to initiatives like Coinbase's smart wallet, which uses passkeys for seedless onboarding, and the robust security features of Apple's Secure Enclave, Android's Keystore, and Samsung's Knox system. While acknowledging that dedicated hardware wallets offer stronger isolation for larger balances, Hoskinson suggests that for everyday transactions and mainstream adoption, phone-based wallets are more practical. The article also touches upon the integration of AI agents into payments through bounded delegation and the evolution of smart wallets enabled by Ethereum's EIP-4337 and EIP-7702. Ultimately, the shift towards phone-integrated wallets could increase platform dependence on major tech companies, impacting crypto's security architecture.

(Source：CryptoSlate)