The 1inch team will release a hardware crypto wallet


Decentralized exchange liquidity aggregator 1inch Network will release a hardware cryptocurrency wallet. Representatives of the project told CryptoNewsHerald about this.

The 1inch Hardware Wallet device is in the final stages of development. It is expected to go on sale this year.

The device for cold storage of cryptocurrencies is being created by an independent team funded by a grant program from the 1inch Foundation.

Among the main features of the device in the project noted:

  • complete isolation from the network without the need for a wired connection. Data exchange is carried out via QR codes or, optionally, via NFC;
  • the ability to use a transparent signature instead of a blind one, as in some other wallets;
  • ongoing analysis of call and transaction data. If a signed transaction is compromised on the web or mobile app, the user will receive a notification;
  • the option to create and manage sets of wallets with different initial seed phrases. Each set is protected by its own pin code.

According to the statement, the gadget is close in size to a bank card with a thickness of 4 mm.

The 1inch Hardware Wallet features a 2.7” E-Ink display with impact-resistant Corning Gorilla Glass 6.

The device supports wireless charging. The lithium-polymer battery lasts approximately two weeks of operation.

1inch Network noted that this is the first physical product in the DeFi project ecosystem.

Users can join a hardware wallet waiting list.

Recall that in April 2021, 1inch developers launched the 1inch Wallet app for iOS. For Android users, the mobile wallet became available in March 2022.

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