Mining company Butterfly Labs is due to launch its first hardware wallet solution in the near future following a considerable development period.
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While full specifications have yet to be released pending finalization of the design, the hardware wallet will primarily feature USB and camera as the main points of connectivity.ĭigital private keys will be stored on the touchscreen device, which most likely will be of a size similar to a credit card. Bitsafe will also include support for multisignature transactions.īitsafe-to-Bitsafe capabilities will be possible using the integrated camera, which will allow scanning of QR codes, including those displayed on another Bitsafe device. The current plans also include a micro SD card back-up system to guard against loss or theft of the device. This was originally conceived as a physical paper back-up.īitsafe will feature solar charging, allowing the battery to be topped up without the need for active USB connection.īutterfly Labs has noted it is working with wallet providers such as Blockchain and Armory to facilitate the final product’s stability. Information protection: Private keys are stored on the device and are never revealed to the host computer or other device to which it is connected. Hacker potential: Exact security specifications are still forthcoming. Loss/ theft protection: Bitsafe features a micro SD back-up system, allowing for retrieval of data. Preorders are not currently available, and it has been suggested that this model will not be used, with direct purchase being favored instead. Price indications are currently around US$150 per unit, but this has yet to be finalized. Having only been privately tested, there is no news on how the final product will perform in terms of user interface.īitStash’s storage solution is designed with flexibility and mass consumer use primarily in mind.
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Three components are included, each one with the purpose of working in a different environment cold storage, a device-based wallet and a mobile wallet for portable use.īitStash consists of a physical device which is plugged into a host in order to sign transactions and perform secure wallet functions. Cold storage, in the form of LUKS doubly-encrypted USB devices, can be plugged into this terminal to fund the wallet. Separately, the mobile wallet resides specifically on a smartphone, and functions as a subsidiary wallet for small transactions, the balance being backed up on the BitStash device. Private keys are also stored here, with balances able to be moved to both BitStash and cold storage using BIP32-generated addresses.
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