Trezor unveils Safe 5, its new hardware wallet with a Bitcoin-only variant

Bybit
Trezor unveils Safe 5, its new hardware wallet with a Bitcoin-only variant
Bybit


Share this article

Crypto hardware manufacturing company Trezor has launched a suite of new products aimed at promoting self-custody of digital assets. Unveiled onstage at BTC Prague 2024, the lineup includes the Trezor Safe 5 hardware wallet and the “Trezor Expert” onboarding service.

The Trezor Safe 5 enables users to securely store, manage, stake, and use thousands of cryptocurrencies through the Trezor Suite desktop and mobile app. The device features a larger color touchscreen with haptic feedback, a new secure compute element for protecting critical and sensitive information alongside performing cryptographic operations, and an enhanced 20-word backup process.

bybit

The Trezor Safe 5 also has a Bitcoin-only variant, but this is not immediately available for purchase. Interested users may pre-order the device from Trezor, with shipping to begin by July. The Trezor Safe 5 is priced at $169 (nice).

Trezor claims that unlike its competition, their devices are built with open-source code, enabling community-based (or even individual initiatives) audits. With open-source device resources, hotfixes for any discovered vulnerabilities are also easily implemented and distributed. Trezor Safe 5’s secure element has an EAL 6+ certification, the highest level of assurance within the Common Criteria framework for on-device security.

This certification is usually used for national defense systems, but is also applicable for high-security devices such as hardware crypto wallets.

Trezor Safe 5’s new backup process allows users to upgrade from a single-share backup to a more advanced multi-share backup using Shamir’s secret sharing. This splits the master secret key into multiple unique shares, offering improved security with no single point of failure. Trezor will also offer a 20-word version of its Trezor Keep Metal solution from July to protect wallet backup phrases from physical damage.

“Users can decide how many unique shares the advanced backup consists of and how many are needed to restore the wallet. Even if some shares are lost, users can still access their crypto,” Trezor explains.

Alongside the new hardware device, Trezor announced the launch of Trezor Expert, a personalized, one-on-one onboarding service that would provide expert knowledge and help for customers who wish to get assisted with setting up their crypto cold-storage devices. The service, priced at $99, will be available globally seven days a week and ensures that only the customer knows the wallet backup and other sensitive information.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight – and oversight – of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.



Source link

Blockonomics

Be the first to comment

Leave a Reply

Your email address will not be published.


*