Trezor
Hardware wallets to take similar approach to potential Ethereum hard fork
Ethereum’s blockchain Merge is expected to take place around 5:05 am UTC on Sept. 15. It is a milestone that marks a full transition toward proof-of-stake for Ethereum and eliminates the need for energy-intensive mining by a projected 99.9% when compared to Proof of Work (PoW). Some miners are also getting ready for a hard fork that would allow them to continue using PoW consensus. Forked coins have proven to be lucrative in the past. The holders of Ether (ETH), for example, came to possess an equivalent amount of Ethereum Classic (ETC) when it forked in 2016. In the event of a new hard fork, in which the Ethereum blockchain would split into two different networks, users holding ETH on-chain would have an equal balance of ETHPoW (ETHW) on the forked chain. This would be an addit...
The team behind the world’s first hardware wallet says it’s still thriving after 8 years
Like all things, Trezor, a household name in the crypto community with over 1 million units sold, came from humble beginnings. The idea all started out in 2011 after a Bitcoin (BTC) conference in Prague, Czechia — which, by the way, was just voted the most beautiful city in the world in a Time Out magazine survey. Two crypto enthusiasts, Pavol “Stick” Rusnák and Marek “Slush” Palatinus, envisioned a small, single-purpose computer that would securely store users’ Bitcoin private keys. In 2013, the two founded SatoshiLabs. The following year, the first-ever Trezor wallet — Trezor One — launched. Then came the Trezor Model T, which added a touchscreen to the device. Both are still found on the market worldwide, with their firmware patched each month or so. With t...
Trezor removes controversial address verification protocol, other wallets follow suit
Since 2019, Swiss financial crypto intermediaries have required proof of ownership of an external wallet’s address for Bitcoin withdrawals and deposits to their customers’ non-custodial wallets. One automated mechanism used for this is the Address Ownership Proof Protocol, or AOPP. The Trezor hardware wallet introduced AOPP signing as part of its latest January update last week, allowing users to generate signatures that conform to the AOPP standard used in certain jurisdictions. On Jan. 28, Trezor announced that it will remove this protocol in the next Trezor Suite update “after careful consideration of recent feedback.” Recent feedback refers to Reddit and Twitter users who were concerned that the use of AOPP signaled Trezor’s support f...
