Hardware Bitcoin Wallets: A Comparison

Nowadays many people use web-based wallets and paper wallets for their convenient usage, but what happened to security? The hardware wallet is generally what you’ll want, so today, we’ll compare some common Bitcoin hardware wallets (Trezor, Ledger Nano), and show you the pros and cons of each.
Trezor
Trezor was one of the first hardware wallets and is also one of the most secure. The wallet was designed for storing large amounts of bitcoin securely, and therefore it is not meant for daily usage. Keeping that in mind, let’s take a look at the Trezor.
The wallet features a strongly-built exterior, about as large as a USB drive. Trezor is powered by the micro-USB port on the bottom and is powered by a relatively weak Cortex ARM chip. Keeping in mind that a hardware wallet isn’t exactly the most resource-consuming thing a CPU needs to do, it’s perfect for the device.
The device itself is truly secure; it uses entropy to generate a random seed and needs a plugin to access it. The plugin requires you to enter a PIN number displayed only on the Trezor to log into the device. The PIN changes each time the device is used.

This post was published at NewsBTC on 5:29 pm July 21, 201.