Popular cryptocurrency software provider Blockchain has announced the launch of a custom hardware wallet tied exclusively to the company’s flagship wallet. According to the development team behind the new hardware wallet called Lockbox, the company worked with wallet maker Ledger to create the design.
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Blockchain launches a hardware wallet called the Lockbox
The provider of cryptocurrency and distributed ledger software Blockchain announced the launch of a new hardware wallet called locker. The company, which started in August 2011, has provided a variety of data services and an undocumented wallet product 29.5 million wallets created over the years. With the Lockbox hardware wallet, the device is fully compatible with the company’s wallet software and users can benefit from both services. The well-known hardware wallet manufacturer Ledger worked with blockchain to create the wallet’s design and custom firmware. Lockbox is not compatible with other ledger platforms such as the Ledger Live application.
“We have created an elegant software and hardware integration that offers more functions than before in our area. Peter Smith, CEO and Co-Founder of Blockchain, stated during the announcement. “We are excited to offer the lockbox to blockchain users so that they can seamlessly manage their funds online and offline with ease.”
Ledger President Pascal Gauthier also stated that these days, stories of cryptocurrency hacks “continue to dominate the headlines”. “It is obvious that security must be in the foreground for everyone involved in the crypto room,” emphasized Gauthier. Also, because the Lockbox device is FIDO certified, it can be used as a secondary security key for Dropbox, Google apps, Github, and more.
Similar to the Nano, but connects to existing blockchain wallets
Blockchain’s lockbox costs $ 99 and is available for pre-order As of October 25th, the company will accept BCH, BTC, Paypal, Visa and Mastercard for purchases. It looks like the lockbox is almost identical to the nano. In contrast, the lockbox is 98mm x 18mm x 9mm in size but is blue with a blockchain logo. The custom firmware of the Blockchain Lockbox is compatible with the Windows (7+), Mac (10.9+), Linux or Chrome operating systems. However, just like the Ledger Nano, the application requires the owner to use Google Chrome or Chromium. A look at the product’s website reveals that Blockchain believes the new Lockbox is a secure product that can measure up to competitors like Trezor and Keepkey.
“Our dual-chip architecture guarantees cryptographic protection so that you can store your crypto without worries. Your private keys remain protected behind your secret PIN, ”says the website.
The popularity of hardware wallets has grown exponentially since the Bull Run last year and the thousands of cryptocurrency thefts that have occurred over the years. In 2018 there were some new additions to hardware wallets, such as the Coolwallet and the latest Ellipal wallet.
The new lockbox contains all of the standard items that most others have, including a USB cable, mnemonic voice card, and instructions. Blockchain has one too Lockbox support website Created for those who want to learn more about the setup process. The company states that it only takes a few steps to connect an existing blockchain wallet to the Lockbox device.
What do you think of blockchain when you start a hardware wallet with custom firmware that works with blockchain wallets? Let us know what you think on this matter in the comments section below.
Images via Shutterstock, Pixabay and Blockchain.
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29 million, BCH, Bitcoin Cash, Bitcoin Core, Blockchain, Blockchain Wallet, Blockchain.info, BTC, Digital Assets, ETH, Ethereum, Hardware Wallet, Ledger, Ledger Wallet, N-Featured, Pascal Gauthier, Peter Smith, Security, Security, Virtual Currency, Wallets