Yes, Bitcoin is growing with potential, even as it exists in an era full of virtual security breaches. As you know, our Bitcoin money floats in the ether, but its invisibility makes it incredibly useful and convenient, also marking the future of currency. So, what do you want more than anything when it comes to your own funds? Security. What gives you the sense of security these days? Passwords that are taken seriously. Melanie Shapiro, CEO of CryptoLabs, has come up with Case, a hardware Bitcoin wallet that offers that kind of security you want when accessing your Bitcoin storage.
As Shapiro states, “There's no easy and secure way to use Bitcoin. You're either getting security, or you're getting ease of use”. That's why she created Case to offer both. Visually, Case looks like a credit card and a smartphone had a baby. Except, it's actually a device with a small display, fingerprint sensor, camera, GSM chip, and even a few buttons on a keypad. Forget passwords, and the breaching there of, Case features a trio of security tactics to keep it locked down.
A personalized key actually lives inside the device, which works by matching the fingerprint you physically give it with the fingerprint stored on a secure encrypted online database. So, that's already two signatures required to complete a transaction. Then, there is a second key living in cold storage, which acts as a “find me” type of security measure to retrieve MIA Bitcoins, if that were to occur. Lastly, a global SIM card can be placed in Case for those who need to send Bitcoin to-and-fro internationally. See, it's got all the bases covered; no third parties that are vulnerable to hacking.
Case, with a price of $199, is currently open for pre-order. Kind of silly to pay so many dollars just to keep your Bitcoin dollars in a safe place, huh? Only the crazies would pay that much for a regular wallet. That might just be one of the problems, according to Engadget, who says although the company wants Case “to become the sort of device that becomes an everyday companion as Bitcoin grows in clout and legitimacy, a $200 price tag puts it out of reach of most developing markets”. But Shapiro, after working on the device for more than a year, hopes all the effort put into the software, firmware, and hardware will prove Case to be a serious and useful product.
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