Synonym has recently made an exciting announcement regarding Bitkit, their self-custodial Bitcoin wallet, which is now fully available on both iOS and Android app stores.
This launch signifies Bitkit’s move from beta testing to being open to the public, enabling users to manage their Bitcoin (BTC) transactions without any intermediaries.
John Carvalho, the CEO of Synonym, expressed in a press release to Cointelegraph the importance of user security and control in the Bitkit wallet. He mentioned that Bitkit will support both onchain BTC transactions and the Lightning Network, while also providing a secure and user-friendly interface.
Throughout the past year, user feedback has played a significant role in shaping the wallet, leading to bug fixes and improvements in usability. Carvalho highlighted Bitkit’s commitment to supporting BTC transactions onchain and over the Lightning Network as a key aspect of its ethos.
As custodial wallets, which require third-party entities to hold user assets, have become more prevalent, concerns about decentralization have been raised. Carvalho emphasized that Bitkit’s self-custodial approach ensures that users have full control of their assets without the risk of counterparty or censorship issues.
Looking ahead, Bitkit has plans for a comprehensive rewrite post-launch, indicating that developers will thoroughly rework the software’s codebase. This process may involve reevaluating and redesigning significant elements of the wallet’s code, architecture, and features to improve performance, maintainability, and security, as well as incorporating new features and user feedback adjustments.