The TREZOR hardware Bitcoin wallet has introduced multi-currency support for Dash and Zcash in response for client demands. The first hardware wallet, TREZOR was created by the Prague-based firm SatoshiLabs, known for its Slush mining pool.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
Explaining the rationale for the move, the TREZOR team writes that up until now, the wallet has only been offering a simple Bitcoin wallet interface, while TREZOR itself has been expanding support to various other cryptocurrencies (Litecoin, Namecoin, Dogecoin, Dash and Testnet). Due to this, “a growing voice of the community has requested integration of different currencies into TREZOR Wallet as well.”
Both Dash and Zcash are privacy-focused cryptocurrencies, therefore it is possible that future additions will also be of similar assets (such as Monero for example) if that is what the user community demands. However, due to the rigid nature of hardware in comparison to software wallets, this will take time and not all protocols will fit the needed configuration. Dash and Zcash both have working insight forks and were therefore easily integrated into the TREZOR wallet.
Dash has experienced strong growth recently and the DASH/USD exchange rate now stands at around $15.8 – the overall market value is $111 million.
Zcash was only launched a couple of month ago and is already available on a large number of exchanges including Kraken, Poloniex, ShapeShift and more. This is due to the fact that Zcash has some very well-known backers and stakeholders, including Roger Ver, Barry Seibert and Pantera Capital.
TheBitcoinNews.com – Bitcoin News source since June 2011 –
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
