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Topic: hardware wallet - page 2. (Read 334 times)

legendary
Activity: 2212
Merit: 7064
February 27, 2021, 05:11:20 AM
#7
Do you think the hardware wallet need to be improved now? and what's the most need to be improved first?

Hardware wallets are devices like all other devices and if you don't improve in this space than your device will die sooner or later.
They can first work to improve their websites and procedure for ordering wallets while keeping customer privacy and reducing leaks, that means doing everything opposite from what ledger is doing.
Hardware wallets should be Open Source like Bitcoin is, and not hidden behind some secret NDA agreements and some unknown microchips and closed source code.
I am not saying secure elements are bad, but they can be weak link if they are not open source and transparent.

Safepal wallet for example stole GPL code and made it closed source, and they are using unknown secure element so I would not trust them.
Cobo wallet is open source but they are hiding what secure element they use, and ledger hides behind their precious NDA and closed source code.
Trezor wallet is not secure if you don't use passphrase, but I hear they are working on their own open source secure element and I support that but we are going to wait few years to see this.
newbie
Activity: 8
Merit: 0
February 27, 2021, 04:26:12 AM
#6
The only thing that I can think of that needs to be improved in a hardware wallet is the durability of the wallet itself, it needs to be able to withstand shock, fall, water and other elements. Maybe a manual override for when you forgot your password for access which can only be used if the number of attempts to enter the password reached the limit.

Thank you so much, I write down your idea.
legendary
Activity: 1890
Merit: 1210
February 27, 2021, 04:21:08 AM
#5
-snip-
Thank you, We have initating a project that build our brand wallet, hope our products bring trustful to everyone from Bitcoin industry.
I don't want to judge or desperate your initiative, but to make a trust of your product especially your project is pretty new and doesn't have any reviews from a customers, it will be hard.

Even you offers more "cheap" rather than those hardware wallet (around $50-$100) many people would still stick on it since they're didn't want to take a any risk.

But well it just my opinion, anyway good luck with your project.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
February 27, 2021, 04:19:40 AM
#4
The only thing that I can think of that needs to be improved in a hardware wallet is the durability of the wallet itself, it needs to be able to withstand shock, fall, water and other elements. Maybe a manual override for when you forgot your password for access which can only be used if the number of attempts to enter the password reached the limit.
newbie
Activity: 8
Merit: 0
February 27, 2021, 04:07:03 AM
#3
Went it comes to Hardware wallet of course many people are using it due to high security and privacy, so what they need to improve are both of them. Even a popular and trusted hardware wallet (e.g. Ledger and Trezor) also has few vulnerabilities [1] [2] [3] In short : User data leaked, Physical access, and Malware. Because when you using a hardware wallet, you'd have fully to trust them.


[1] https://blog.trezor.io/fixing-physical-memory-access-issue-in-trezor-2b9b46bb4522
[2] https://saleemrashid.com/2018/03/20/breaking-ledger-security-model/
[3] https://cryptocomes.com/news/ledger-hardware-crypto-wallet-team-disclosed-data-breach-1-mln-users-data-under-attack

Thank you, We have initating a project that build our brand wallet, hope our products bring trustful to everyone from Bitcoin industry.
legendary
Activity: 1890
Merit: 1210
February 27, 2021, 03:42:02 AM
#2
Went it comes to Hardware wallet of course many people are using it due to high security and privacy, so what they need to improve are both of them. Even a popular and trusted hardware wallet (e.g. Ledger and Trezor) also has few vulnerabilities [1] [2] [3] In short : User data leaked, Physical access, and Malware. Because when you using a hardware wallet, you'd have fully to trust them.


[1] https://blog.trezor.io/fixing-physical-memory-access-issue-in-trezor-2b9b46bb4522
[2] https://saleemrashid.com/2018/03/20/breaking-ledger-security-model/
[3] https://cryptocomes.com/news/ledger-hardware-crypto-wallet-team-disclosed-data-breach-1-mln-users-data-under-attack
newbie
Activity: 8
Merit: 0
February 27, 2021, 03:08:40 AM
#1
Do you think the hardware wallet need to be improved now? and what's the most need to be improved first?

Thank you.
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