Competition is heating up for Hardware Wallets!
Hi HODLers and Hiveans,
If we are here today enjoying crypto it is thanks to competition and the vision of Satoshi Nakamoto. He designed an asset that we probably all believe is superior to our current FIAT system.
This is why we are here today. As such, we should embrace competition and innovation.
This news from the 1Inch team surprised me, I did not expect it. I also did not follow very closely the 1inch project but nonetheless, it seems like a first for a DEX aggregator to go from software to hardware! And I embrace this!
Don't get me wrong, Ledger is a great company and has delievered on countless occasions. I am not shy to say it is in my Top3 of Trusted Crypto Companies along Coinbase our Kraken.
You can read more about the Ledger Stax wallet in my previous article.
This project was developped thanks to a grant from the 1inch Foundation, it is almost ready for market and sales expected to start later this year.
Can't wait to save some HIVE there!
I might have to wait for Hive's integration though...
The founders believes:
“In fact, we call it the first DeFi hardware wallet, that’s why I believe BTC is outside the scope, however, WBTC will be supported,”
What makes this hardware wallet different?
The 1inch wallet supports "multiple seed phrases—a sequence of random words that stores the data required to access or recover crypto assets stored in the wallet".
This means if your seed phrase is compromised, it would not compromise all the existing wallets but only the one using this seed phrase.
Stay safe out there,
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