The Linux Foundation was founded back in 2000 and is the world's leading open source software cooperation project. Some of the projects supported by the consortium include Linux, Kubernetes, Node.js and the enterprise-oriented blockchain project Hyperledger.

Given the popularity of these projects, it makes sense that the new initiative would attract the attention of users. Still, if released and with certain features, the new product could attract a significant number of new users to the coin niche.

Cryptocurrency investor with Ledger hardware wallet

It should be noted that there are plenty of options for different wallets in the coin niche right now. The safest of these are hardware wallets, which store a sido phrase and never reveal the user’s private keys to the address – and even during the signing process. We looked at setting up such a device in a separate article.

Meanwhile, Solana’s blockchain developers have set themselves an ambitious new goal: to create a cryptocurrency smartphone. The new device is called Saga, and the first copies have already begun to reach their customers. A feature of the device is the integration of private keys. In practice, this means that users will be able to download decentralized apps from the shop and interact with them using an already entered cryptocurrency address. And that’s convenient and secure in addition.

A new cryptocurrency wallet from Linux

The Linux Foundation is allocating resources to create an open-source platform that other organizations and companies can use to develop their own digital wallets. The idea is that wallets based on the OWF will support a wide range of features like identity verification, payments and digital key management.

Ledger Nano S cryptocurrency wallet

Dan Whiting, director of media relations and communications at the Linux Foundation, shared the details of the announcement in an interview with news outlet Decrypt. Here is his rejoinder, in which the expert shares the details of what’s going on.

The OWF intends to implement many use cases where digital credentials and assets can be stored as well as made available to users. One of the usecases is cryptocurrencies, but that is far from the only topic that can be interacted with through OWF’s open-source platform.

In other words, blockchain-based digital assets could be just one part of this project. In this way, the programme could attract the attention of users from other fields and then invite them to try interacting with crypto. Such a scenario sounds realistic - especially if the wallet is convenient enough to work with.

Consequently, the Linux Foundation is working on one kernel that could be the basis for many digital wallets. This initiative will in addition allow other developers to get a standardized set of tools at their disposal, which will make it possible to release new crypto-purses faster, as well as improve compatibility between them. Incidentally, the consortium warned that the OWF’s work does not include the release of its own cryptocurrency, i.e. a new narrowly focused solution.

Digital payments will become even more widespread

The announcement was all about digital wallets – projects such as PayPal, Apple Wallet, Google Wallet and Cash App belong to this category. In general the concept of such a platform has long gone beyond payments. There is now integrated identity verification and a wide range of other third party features in such applications. So it’s not just the crypto-sphere that would benefit from the Linux Foundation’s initiative.


We believe that even an indirect release of a tool that will allow interaction with digital assets will reflect well on the niche in one way or another. In this case, the latter will get a new way to interact with it and at the same time attract the attention of novice users. Which means a contribution to the further popularisation of coins will be made.


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