Bitcoin hardware wallets are creating an interesting trend in the world of virtual currency. As more and more people flock to Bitcoin, keeping coins safe is one of the most important aspects. A Bitcoin transfer is non-refundable and coins being lost cannot be recovered. Bitcoin hardware wallets are the best way to store funds in a secure manner while offering a portable solution at the same time.
Case: Portable, Secure, Lightweight And Futuristic Look
Over the years, there has been a multitude of Bitcoin hardware wallets. Some of those wallets, such as the TREZOR and the Ledger Nano, have proven to be quite a success. As a result, more and more Bitcoin hardware wallet manufacturers have popped up in recent months, all of whom offer something entirely new and secure.
Case is one of the most futuristic-looking Bitcoin hardware wallets the virtual currency scene has observed in quite some time. A sleek black design, with a tiny screen and fingerprint sensor packaged in a form factor no bigger than a credit card. To top it all off, Case offers a built-in GSM chip, as well as multiple buttons to give it the look and feel of a PC banking card reader.
Making Bitcoin transactions is fairly straightforward: press the large Bitcoin button, scan the QR code with the built-in camera, verify your identity with a finger swipe and you are all done. Put like this, the process sounds very simplistic, but don’t be fooled. Case is one of the most secure Bitcoin hardware wallets ever created.
There are no logins, no smartphone applications or anything like that involved. The best part about Case is how users will, allegedly, be able to both buy and sell Bitcoins through this Bitcoin hardware wallet as well. Storing any coins on the Case will put them in a multisignature Bitcoin address, requiring two signatures to spend funds.
Similar to how mobile Bitcoin wallets work, Case will let users generate and store the private key on the device itself. It is important to note that Case will generate a private key on the spot and does not come pre-loaded with this sensitive piece of information. One key will be stored in Case’s online encrypted database and will act as the second signature to complete transactions.
However, this signature will only be applied if the fingerprint scan matches the user’s biometric data. Using 3G connectivity will allow the Case to communicate with the servers to verify this information and sign the transaction. The third key generated for your personal multisignature Bitcoin wallet will be stored in an offline vault. This key will come in handy if a user loses their Case and will only be provided to them after successfully verifying their identity.
Case is Coming on September 21st 2015
“With the conclusion of our final phase of testing, Case is happy to announce our shipping date will be September 21st! Appropriation of parts is complete and the manufacturing process is nearing its end. Everyone at Case is eager to get our device in the hands of our customers who have patiently waited for their bitcoin wallets! Providing a secure, easy-to-use bitcoin experience around the world has been our mission from the beginning and we’re excited to finally deliver on that. “
After being announced during TechCrunch NY in May of this year, the wait is finally over. With a price tag of just US$199, the Case Bitcoin hardware wallet might just be able to revolutionize the Bitcoin industry as a whole. It will be interesting to see whether or not Case plans to support additional virtual currencies in the near future, as the company hinted at doing so several months ago.
Source: Case Blog
Images courtesy of Case