1Inch Network takes its hardware wallet to the market – Bits Media

The aggregator of decentralized exchanges 1ind Network announced the final stage of developing its own hardware wallet, Which is now undergoing the final stages of testing.

According to the statement 1inch, The hardware wallet will go on sale this year and will be compete with larger players in the market of cold wallets, such as Ledger and Trezor.

A hardware wallet with support for 1inch Foundation is equipped with a 2.7-inch sensory display, It is wireless, Working from a rechargeable battery. According to the description presented 1inch, The built-in LI-PO battery should be enough for about two weeks of use.

Data exchange should be carried out using QR code or, Optional, Using NFC technology, Like smartphones. The 1inch team promises, that users will be able to use the advantages of transparent transaction signatures, Unlike a blind signature, offered by similar devices of some other manufacturers.

To prevent hacker attacks and theft of funds, The device performs a full analysis of transactions and data data from autonomous mode. If the transaction, which the user signs, It was compromised, The device will immediately inform its owner about this.

Earlier, another supplier of hardware cryptocurrencies, Trezor announced a significant surge in sales of wallets. Official representative of Joseph Tetetek (Josef tits) stated, that Trezor revenue has grown almost on 300% And continues to grow.

Expected, that in the first quarter 2023 year, the supplier of cold cryptocurns Ledger will present
New product, which the company now creates with the former Apple developer Tony Falel (Tony Fadell).