COINDiary. "Touch The Blockchain. Cryptodevices Of The Future"

24/04/18

“There is too much scum!  It’s just a big financial bubble that will burst in nearest future if it hasn’t already!” – such statements are replicated daily by every media, every forum and every hungry hamster. We angrily kick Bitcoin. We are suspicious of any altcoins. We do not believe in crypto-exchanges and we don’t even believe in Steven Seagal’s words.

Despite all the hate and disbelief nothing catastrophic has happened yet – the market still exists. Blockchain has proved its viability and no one can deny the amount of processes that could be build with the help of this innovative know-how. Today a wide range of companies are planning to transpose and implement this technology into the material world in order to offer convenient and secure devices for crypto-community. Some of them can be already bought these days….

Blockchain of things. Now.

Cryptowallets

Unfortunately Blockchain-evangelists now are deprived of an extensive variety of gadgets. Moreover, only hardware wallets are the only accessible devices that can be bought now. Such device will become a secure storage not only for BTC, but also for your tokens, whether it’s Monero, Ripple, HAC or any other altcoins. The number of offers will please everyone, due to the large variety of cryptowallets there is a real competition between TREZOR (Satoshi Labs), KeepKey and Ledger.

 

Trezor

This is one of the most popular wallets on the market. This particular wallet reduces the need in login and password. If a hacker physically doesn’t have your device, he will not be able to gain access to your credentials on the site. However, the main problem of TREZOR wallets is a limited list of supported crypto-currencies. Today, the wallet supports only: BTC, LTC, ZEC, BCH, BTG, ETH, ETC, EXP, UBQ, XEM, and tokens built on the ERC20 architecture. This device is also a little pricy – for now it’s 89 EUR.

 

KeepKey

Design. Perfect design. This device can become yours,  “only” for 129 USD. Be sure, in the case of KeepKey, the gadget costs every dollar spent. A huge pool of supported crypto-currencies, high level of security (even physical access to the wallet of an unauthorized person doesn’t guarantee the hacking of the device) and the simplicity of the interface will please many crypto-currency investors. By the way, the device is available for order on Amazon, which further simplifies the process of the bargain.

 Ledger

An unremarkable device resembling a USB flash drive is just one of the many devices from Ledger. However, Nano S model remains one of the most popular on the market. Price (79 EUR) and one of the highest safety indicators matters. The model repeatedly took first places in numerous technogeeks  reviews owing to its system of fishing protection:  device’s data is erased in case if  the pin code was entered incorrectly three times in a row. However, in order to avoid the final loss of data, it is envisaged to restore the wallet using a mnemonic phrase. The mnemonic phrase for recovery is a prahse consisting of 24 words in the correct order. The phrase is generated directly on the device. To use the mnemonic phrase during the restoration, you will have to enter all 24 words using two buttons on the case.

Of course, there are many other cryptowallets that will require less cost and effort in use, but the degree of their security still raises questions. Perhaps in the next few months the situation will change dramatically.

 

Blockchain of things. Tomorrow.

 

The future of cryptowallets

Wallets will evolve, adjusting to the user’s needs. They will become more functional and convenient to use. Hackspace Capital fund proves this fact by its new concept of crypto wallet – Redder.

Redder

Redder is a crypto-currency wallet embedded in the phone’s case. Complete with a specially developed application, the device provides maximum security and makes hacking almost impossible. Redder supports a wide range of crypto-currencies, as well as ERC-20 tokens. The release date is planned for the 3rd quarter of 2018. The cost (80 dollars)  will allow to compete even with eminent manufacturers of such devices.

 

Blockchain smartphones

“To wrap up” IPhone or Samsung in the Redder is a terrible mauve ton for every real blockchain follower. Definitely, the phone should also be on the blockchain! So, to the aid of evangelists and hamsters comes the well-known Sirin Labs with the smartphone Finney.

Finney

The device is “made from scratch” and will be targeted specifically at “crypto-enthusiasts”. There are different specialized software and apps for managing crypto-currency wallets. It is expected the smartphone shipments will start in October 2018, and its estimated price will be about $ 1000.

 

User data protection

Even a bundle of blockchain smartphone and cryptowallet looks incomplete for a true blockchain evangelist. For greater self-satisfaction and confidence in the future, crypto-enthusiasts will be offered maximum protection for their pocket Blochein. EnCata is developing a series of technological accessories to protect personal data under the label “Shield”.

Shield

The project is based on the technology of blocking cellular communications, geo-location, wi-fi, bluetooth, NFC with the use of special materials embedded in the products. The technology allows to protect user data, avoid theft of money and data by scanning bank cards, biometric passports with all personal data of the owner. The range of Shield’s technological accessories includes cases, bags and wallets from the natural skin. Prices start at $ 110, and on the sites of EnCata partners you can already make a purchase – accessories have already entered the market.

 

Blockchain PC

The first full-fledged blockchain-computer is offered by the same guys from Sirin Labs. They promise their own, ultra-secure operating system Sirin OS, secure sharing of P2P resources, built-in cryptographic wallet of “cold storage”, behavioral intrusion prevention system (IPS), prevention of unauthorized access based on blockchain technology and physical security switch (to protect the wallet).

Finney

The release of PC to the market is planned in a couple of months. The cost of this PC fluctuates around 800 USD. The computer is a 24-inch screen with built-in biometric sensors, 8 gigabytes of RAM and 256 GB for personal data, which is frankly small by modern standards.

Therefore, an addition to the full-fledged computer on the blockchain will be extra terabytes in the latest storage from Minebox Gmbh.

 

Minebox

Minebox NAS is a data warehouse that runs on blockchain technology with the ability to backup and protect against unexpected hardware failures, disasters, accidental deletion or cyberattacks. The device’s hardware was provided by HP. The user will also be allocated as separate “cloud”, it will provide an opportunity to earn and also to share the storage. To tell the truth, the storage amount is really iplressive. There are versions of “volume” up to 16 TB and two generations to choose from. By the way, the updated Minebox is already available for pre-order on the company’s website.

We will be able to look how the blockchain devices will correspond with the Moore’s law in the next few years. So, now is the time to finally remove your facebook, get rid of Ripple, ”spoiling” Chris Larsen’s fortune, and prepare for a new round of blockchain industry development along with devices that will change the future.

COINDiary

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