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Solana — Phantom — Trezor — Bitcoin — Ordinals

Solana's Phantom Wallet Adds BTC Support and Trezor Now Supports Solana

Phantom has further expanded its services beyond Solana to include Bitcoin, Ordinals, and BRC-20 tokens. In parallel, Trezor has updated its hardware wallets to support Solana and SPL tokens.

,   and  Mathilde Adam
2 min read

Phantom wallet has announced the addition of support for the Bitcoin blockchain, including Ordinals and BRC-20 tokens. Developed initially as a Solana wallet by Ethereum devs, Phantom continues to show its commitment to blockchain interoperability.

The wallet provider posted on X that "Bitcoin support is currently in beta, so it's 100% opt-in" and easily toggled via the app's settings. Phantom's latest update brings a comprehensive suite of features for Bitcoin users, including the import of existing Bitcoin wallets and the flexibility to manage and HODL Bitcoin (BTC) within the app. In addition, the update streamlines address management, allowing users to enable Native Segwit, Taproot, or both types of address, offering users customized control over their Bitcoin transactions to meet their specific needs and preferences.

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"HODL" is a term widely used in the crypto community, originating from a misspelling of the word "hold" in an internet meme. It refers to the practice of holding onto a cryptocurrency rather than selling it, often with a long-term perspective. The term became popular as a strategy adopted by investors who prefer to hold onto their assets through market highs and lows, reflecting a belief in the asset's potential long-term growth. HODL has grown from a simple typo to a full-fledged investment philosophy among crypto enthusiasts.

Phantom's new Ordinals features provide detailed metadata such as satoshi numbers and inscription IDs. The wallet also includes a spam filtering mechanism to automatically hide potentially fraudulent Ordinals, and protects inscribed and rare satoshis, preventing the accidental spending of these potentially valuable assets.

"Without Bitcoin, there’d be no Solana, Ethereum, or web3.
And for that, we’re forever grateful for Bitcoin and thrilled to launch it (in ₿eta) on Phantom."

Phantom made its first steps towards interoperability in May when it added support for the Ethereum and Polygon blockchains. Brandon Millman, co-founder and CEO, highlighted the crucial role of cross-chain interoperability in digital asset management at the time, saying, "We believe that the future of digital asset management lies in cross-chain interoperability." He emphasized Phantom's commitment to this vision, aiming to "enable a new era of decentralized innovation for all digital asset users" by bridging various blockchain protocols. The recent integration of BTC products underlines Phantom's dedication to creating a more integrated and versatile blockchain ecosystem.

Meanwhile, hardware wallet company Trezor has announced support for the Solana blockchain, enabling users to manage and transact with Solana and Solana Program Library (SPL) tokens securely using its devices. "Both the Trezor Model T and Trezor Safe 3 now support SOL and all SPL tokens," according to an official post on X. The wallet models are capable of supporting over 8,000 different coins and tokens, allowing users to send, receive, and trade various digital assets securely.

SOL, as the native token of the Solana blockchain, is known for its high-performance capabilities, offering fast transaction speeds and low fees. SPL tokens are the Solana equivalent of Ethereum's ERC-20 token standard, facilitating a wide range of features on the Solana blockchain. Trezor's announcement comes as a timely response to the growing interest and increased trading activity surrounding Solana. As interest in Solana's ecosystem continues to rise, Trezor's integration of SOL and SPL tokens caters to the growing need for reliable security solutions in managing these assets.

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