Blockchain Presents Hardware Wallet - Lockbox

Blockchain, a popular provider of cryptocurrency software solutions, has just launched its brand-new device – a hardware wallet called, Lockbox.

The custom wallet is tethered to the company's flagship wallet and the development team behind it says that Blockchain stepped into the collaborative effort with wallet producer Ledger when creating the design of this product.

Full Compatibility

Blockchain started its life as a distributed ledger company in 2011 and has since provided a huge variety of data services – their non-custodial wallet product has seen 29.5 million wallets created over the years.

Now it has announced the launch of their hardware wallet called Lockbox...

...And with it, the device is made fully compatible with its wallet software as users can benefit from both. Custom firmware, beside design, has been conceived and realized by hardware wallet maker Ledger.

CEO and co-founder of Blockchain commented: “We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly.”

Security Before Everything Else

As cryptocurrency news is dominated by the stories of hack scares, it is in both companies' opinion that security and safety of the users must come first.

“It’s obvious that security must be top of mind for all stakeholders in the crypto space.” says Pascal Gauthier, President of Ledger.

Lockbox wallet can also be used as a security key for such applications and services as Google apps, Dropbox and more. The device itself can be purchased for $99 and is available for pre-order since October 25th.

It can be acquired by paying for it with Mastercard, Visa, Paypal and Bitcoin. Its software is compatible with Windows (7, 8 and 10), Mac (version 10.9 and higher), Linux and Chrome operating systems. The application requires the use of Google Chrome or Chromium.

The website for the new wallet states that dual chip architecture guarantees cryptographic protection, thanks to which users can store their cryptocurrencies without fear of being hacked. A secret PIN will protect users' private key.

Hardware Wallets Popularity is on the Rise

Over the years, hundreds if not thousands of thefts have occurred in the realm of cryptocurrency, making the need for secure wallets much greater. Hardware wallets, due to their safe nature, have gained a lot of popularity in recent two years.

This year we've seen some new brands of hardware wallet producers, like Ellipal and Coolwallet emerge. They all contain some key standard features, like Lockbox does, such as USB cord, mnemonic phrase card etc.

Source:

“Blockchain Launches Hardware Wallet”, Jamie Redman, bitcoin.com, October 25, 2018.