The post ‘BitCache maintains a cache of your on-chain transactions’: Jad Wahab appeared on BitcoinEthereumNews.com.

Former BSV Blockchain Association (BSVA) Director of Technology Jad Wahab has been working on BitCache, a caching layer for your on-chain data. This caching layer seeks to solve issues such as scanning the blockchain for transactions linked to an address and vendor lock-in in terms of users and their wallet data. I caught up with Jad to learn more about the service. Why did you decide to work on BitCache? Jad Wahab: I have been working on and building Bitcoin wallets for a number of years now, and I literally saw no better way to get to a future of fully owning my own data and using it wherever I want and whenever I want—and that has to start with the lowest layer in the stack: the ‘wallet.’ Firstly, I want to be able to see every single one of my Bitcoin transactions in one place without being forced into one wallet garden like I am today with Web2. Also, it’s a security nightmare that you have to expose your master private key (by importing and exporting your seed) whenever you want to use a new wallet or app interface—not to mention the awful user experience. Secondly, while doing work on the network infrastructure side with nodes and indexers, I saw how things get more complex and expensive at scale, and when looking at the system architecture as a whole, there’s no reason that you need to bear this external cost when you’ve got everything you need internally. It’s just a different paradigm shift in thinking about how things work that will become obvious the farther along this road we go. Why have BSV services defaulted to the walled garden approach in terms of users and their data instead of being interoperable? Jad Wahab: Hindsight vision is 20/20. Things that seem obvious today were not before, especially in such…

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Filed under: News - @ December 4, 2023 8:22 am