KeepKey, creator of the world’s premier hardware wallet, has today announced an integration with Ethereum due to soaring community demand. The second most valuable digital asset, currently holding a total market capitalization of over $850 million USD, will go live on the KeepKey device from Friday morning.
With daily trading volumes increasing and recent hard forks ironing out several DDoS issues, Ethereum has been gaining significant traction in the cryptocurrency market and was added to the KeepKey roster in response to countless user requests.
“Of all the assets we get asked to support on KeepKey, Ethereum is by far the most requested. It’s a massive project with a huge following and we are thrilled to release our public beta on Friday. The KeepKey and KeepKey Chrome Extension will be the first hardware wallet and application that supports Bitcoin, Litecoin, Dogecoin and Ethereum in one single user interface,” CEO of KeepKey Darin Stanchfield said.
According to Ethereum cofounder Vitalik Buterin, user account security is one of the most important problems that must be dealt with for blockchain technology to achieve mass consumer adoption, that’s why Ethereum highly welcomes efforts like KeepKey that aim to solve this challenge.
The Ethereum support will allow for users to manage multiple Ethereum accounts with multiple addresses, seamlessly swap between tokens through the ShapeShift functionality, and maintain full recovery capability through the single KeepKey recovery sentence.
“Ethereum and Bitcoin on one hardware device provides immense value to the digital asset ecosystem. Companies like KeepKey have done more to advance individual financial security than banks have done in the past hundred years,” CEO of ShapeShift Erik Vorhees said.
Darin Stanchfield added:
“With the rise of cryptocurrency came the rise of the hacker and the digital thief. Ethereum users face the same security hurdles Bitcoin users face: it is very difficult to secure private keys and the stakes are often high. Using KeepKey makes Ethereum security simple: you can feel safe transacting without worrying if your computer you’re using has been compromised.”
In January this year, the entire cryptocurrency market was valued at $7 billion USD; now it’s worth a staggering $14 billion USD. With a growing number of new projects, tokens and Initial Coin Offerings entering the market, financial technology enthusiasts and alternative asset investors are beginning to build comprehensive portfolios with stakes in a variety of different alt coins. KeepKey is facilitating trend-setters by providing greater access to more tokens, all with security top of mind.
“Crypto assets vary in their characteristics, and attract the use of different audiences for different use cases. The trend for investing and holding multiple types of assets is growing and KeepKey now makes this both simpler and safer. We are also excited to embrace the tradition of Bitcoin Black Friday, which started in 2012. The cost of our device will be lowered for one day because it will help spread the adoption for better, more cost effective security not just for Bitcoin, but all crypto assets,” Stanchfield said.