The 'Trezor' Wallet Lets You Carry Your Bitcoins in Your Hand
Alexander Lam — June 18, 2013 — Unique
References: bitcointrezor & psfk
Developers Pavol Rusnak and Marek Paletinus wanted to help keep your Bitcoins safe, so they decided to bring them into the real world with the TREZOR. TREZOR is a mini handheld computer with a single purpose -- to safely store your Bitcoins.
The device acts as both a storage device and as a guardian. When you want to access your digital currency, TREZOR asks you to physically push a button. Only the required amount is then sent through to your computer. As a result, you can safely use Bitcoins on even a compromised computer.
In addition to virtual security, the TREZOR also offers physical. If you ever lose your Bitcoin wallet, you don't have to worry about losing your coins because of a built-in passphrase. In addition, a security hologram sticker makes sure that no one tampers with the device during transit.
The device acts as both a storage device and as a guardian. When you want to access your digital currency, TREZOR asks you to physically push a button. Only the required amount is then sent through to your computer. As a result, you can safely use Bitcoins on even a compromised computer.
In addition to virtual security, the TREZOR also offers physical. If you ever lose your Bitcoin wallet, you don't have to worry about losing your coins because of a built-in passphrase. In addition, a security hologram sticker makes sure that no one tampers with the device during transit.
Trend Themes
1. Physical Security - The TREZOR wallet offers physical security for digital currency, preventing loss or theft.
2. Offline Storage - The use of handheld devices like TREZOR allows for offline storage of digital currency, enhancing security.
3. User Control - TREZOR puts the user in control of their digital currency by requiring physical interaction for transactions, increasing trust and security.
Industry Implications
1. Fintech - The financial technology industry can leverage the TREZOR wallet to enhance the security of digital currency transactions.
2. Cybersecurity - The cybersecurity industry can benefit from the TREZOR wallet's innovative approach to physical and digital security for cryptocurrencies.
3. E-commerce - The e-commerce industry can explore partnerships with TREZOR to offer enhanced security options for digital currency payments.
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