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Blockchain Creates Hardware Crypto Wallet

18:30 27/10/2018

The Blockchain company, one of the most well-known providers of crypto wallets, has created its first hardware device, CoinDesk reports.


The company has developed a Lockbox pocket wallet in collaboration with the Ledger startup, a manufacturer of hardware crypto wallets, and announced the acceptance of orders for this product. The first batch will appear on the market in November 2018.


Source: Blockchain


Despite the presence of a large variety of hardware crypto wallets on the market, Peter Smith, Blockchain co-founder and CEO, states that Lockbox has at least two differences.


The first is that, apart from the ability to store assets autonomously, the wallet is able to exchange cryptos using its own Swap broker, which will start operating in early November. The company's goal is to implement the trading based on the "all in one" principle. It is important that the user does not feel the need for intermediaries during trading, Smith added.


Source: Ledger


Secondly, Lockbox has special control. When the wallet is connected to the computer and the Internet, a special key located inside it allows opening extremely reliable websites, preventing attempts of possible phishing.


Lockbox will support bitcoin and ether as the Blockchain platform, but, at the same time, the company is ready to consider other cryptocurrencies if there will be a demand.


As previously reported, Sony CSL has developed a multipurpose hardware crypto wallet.

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