Member-only story
Trezor Finally Did It
After a lengthy wait, it has arrived.
Non-members can access the full story here.
On Thursday, SatoshiLabs, the company behind Trezor, released a promo video of their latest wallet: The Trezor Safe 3.
It is an impressive unit, boasting a major security upgrade, more supported crypto assets and a sturdier case than its similarly-priced counterpart, the Trezor Model One.
Launched in July 2014, the Trezor Model One has been one of the longest-lasting forms of cold storage still actively used and holds the title of the world’s first hardware wallet for cryptocurrencies.
Despite being an affordable and reliable device, it has two shortcomings that users need to be mindful of when selecting and interacting with a Trezor wallet:
1) No secure element (SE), a specialised chip that helps protect your private keys, is found in other products containing sensitive data, such as bank cards and passports.
In my opinion, this was a long overdue aspect of Trezor devices, something that Ledger and other companies have provided for a while.
Not having the SE means the device isn’t safe from various physical attacks. I.e., a hacker could steal the device, break it open and manipulate the device’s circuitry to access its code and decipher the…
