Cryptocurrency exchange launches a fingerprint-based Bitcoin wallet
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Answer Cryptocurrency exchange launches a fingerprint-based Bitcoin wallet
The crypto market is developing in an exciting and rapid manner, which is evident through the products related to it from hardware wallets that have developed significantly between the past and the present.
Recently Launched Gate.io platform for cryptocurrency trading, a new hardware wallet called “Wallet S1” to enhance the safety and security of storing private keys for cryptocurrencies.
Gate.io, a Hong Kong-based cryptocurrency exchange with a daily trading volume of $63 million, Gate.io, through its new hardware portfolio, aims to enhance its security practices for clients.
The “Wallet S1” hardware wallet provides a special solution to save private keys and keep them safely away from the Internet, and what distinguishes the wallet, as indicated in the title, is the fingerprint recognition technology.
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The fingerprint recognition technology will allow users to open and access the wallet without having to remember and type in complex passwords every time.
In the statement announcing the new wallet, Marie Tateboit, Director of Marketing at Gate.io said:
The private key is locked in the device itself, away from the internet, and it is more convenient to sign when the user is doing their daily dealings with cryptocurrencies.
Added:
It is the first hardware wallet with a world-leading fingerprint recognition algorithm that can configure automatically when a security attack is detected.
Gate.io says the Wallet S1 supports more than 10,000 cryptocurrencies, including major cryptocurrencies such as Bitcoin and Ethereum.
Meanwhile, Gate.io indicated that the launch is part of a broader plan to build a private blockchain network called GateChain.
In the future, it is expected that the hardware wallet will be integrated with the new blockchain that Gate.io operates on to also interact seamlessly with DeFi applications.
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