To clarify, Jade is a hardware wallet, but it also has a software app that pairs with the hardware.
Right now fees on the main chain are very high due to Ordinals. However, the good side of this is that by necessity it'll force accelerated development of the Lightning eco-system (it's the only reason why Liquid suddenly came into play. Liquid has been around for years now, but was ignored by most), as well as other Layer 2 solutions such as Ark, as well as other Layer 1 developments such as Covenants.
It's just not a great time to transact on the main-chain, and hence, cold storage is affected. There are theories that the main chain will never see cheap fees again, which could be true, in which case cold storage will need to happen in Layer 2 implementations such as Liquid, or with other developments that are on the way. For now though, best thing is to wait it out as best as possible. You may not realise, but we're going through a bit of a storm :D
Uxellodunum
npub14u…tgg48
2023-12-22 21:54:34
in reply to nevent1q…fxgm
Author Public Key
npub14un6d98pa48kleqjjqfe5jqekxpdcwd7lkwc2hm3s2z4gmd60j8sstgg48Published at
2023-12-22 21:54:34Event JSON
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"created_at": 1703282074,
"kind": 1,
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"content": "To clarify, Jade is a hardware wallet, but it also has a software app that pairs with the hardware.\n\nRight now fees on the main chain are very high due to Ordinals. However, the good side of this is that by necessity it'll force accelerated development of the Lightning eco-system (it's the only reason why Liquid suddenly came into play. Liquid has been around for years now, but was ignored by most), as well as other Layer 2 solutions such as Ark, as well as other Layer 1 developments such as Covenants. \n\nIt's just not a great time to transact on the main-chain, and hence, cold storage is affected. There are theories that the main chain will never see cheap fees again, which could be true, in which case cold storage will need to happen in Layer 2 implementations such as Liquid, or with other developments that are on the way. For now though, best thing is to wait it out as best as possible. You may not realise, but we're going through a bit of a storm :D",
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