KeepKey Adds Ethereum Support to its Hardware Wallet

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Hardware wallets have been around for quite some time now, the market is growing, and more solutions are available. KeepKey, the manufacturer of the Bitcoin wallet with the same name, has announced support for ether, the token of the Ethereum network.

Ethereum is a protocol which supports an $850 million economy and has quickly been positioned as the second cryptocurrency by market capitalization. It’s not a surprise, then, that new applications, services, and products have and will continue to emerge.

Hardware wallets are secure devices that store the private keys (the unlock mechanism that gives control over the token balances of a public address) in a secure environment, i.e. the device’s flash memory. Storing this information in dedicated equipment is one of the most secure ways to hold any cryptocurrency.

With a hardware wallet, a user can authorize transactions in any computer without having to worry about  malware intercepting the private key.

KeepKey offers an innovative hardware wallet, featuring a 3″ OLED screen, a single button to authorize transactions, an aluminum case to house the electronics, and a hardware-based random number generator.

CEO of KeepKey Darin Stanchfield said:

Of all the assets we get asked to support on KeepKey, Ethereum is by far the most requested. It’s a massive project

Read more ... source: TheBitcoinNews

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