TREZOR FAQ
Original post:Hello all!
Today we'd like to announce a project I and
stick have been working on for the last couple of weeks. We decided that we want to keep the development open since the beginning.
We are creating a hardware bitcoin wallet, basically a device that is a secure place to store private keys to your bitcoin addresses. Because all transactions are signed in the device itself, the keys never leave the device and thus cannot be stolen by a virus, malicious code or an attacker.
We believe that this project is very improtant for the bitcoin world, because it gives the ability to use the highest possible security measures, which were only available for geeks until now, for all bitcoin users, even the non-technical savvy ones.
There will be two versions of the wallet available:
1) A shield for Raspberry Pi (for DIY hackers)
2) Custom hardware based solution (for common consumers)
Both versions will be open-source (both hardware and software!) and will provide the same functionality, like for example:
* Deterministic
BIP 0032 compatible wallet algorithm (=unlimited count of addresses)
* No need for periodic backups, writing down the seed to paper during the device initialization will be enough forever
* Unlimited count of inputs and outputs in transaction (transaction streaming API)
* Plug & Play - no driver installation on a desktop computer required
* Unauthorized physical access to wallet protected by PIN
* Optionally wallet will require one-time-passwords for important actions
Custom hardware version will have these extra features:
* Impossibility to obtain private keys from the device in a case of theft
* Impossibility to re-flash the device with malicious code
* Possibility to do paper-backup of private keys only once during wallet initialization
* iPod Shuffle sized aluminium case for durability and robustness
* Variety of colors to tell the wallets apart by simply looking at them
We believe that we have enough knowledge and experience to succesfully finalize this product. Stick is a hacker and he has been involved in development for quite some time. He's also one of the founders of Brmlab hackerspace, which you may know from Prague Bitcoin conference 2011. We've already done arrangements with a hardware manufacturer who has confirmed that he's able to deliver casings for our custom solution.
Sneak peek preview of our hardware:
https://i.imgur.com/miTdP.jpg this is awesome! It looks pretty real, that is the thing i am looking for!