After previous attempts at integration with Trezor and Ledger Nano, the Monero cryptocurrency seems to have finally found support within a hardware wallet. The team behind the cryptocurrency focused on privacy launched its development in August 2017, and finally they have published more information at the 34c3 Congress, which began at the end of December 2017.
Monero hardware wallet prototype
Although the announced monero will only work as a pilot project, the team is confident that the firmware and software will be released officially very soon. The user of Reddit u / pebx, published an update on December 31, 2017, as well as a link with which interested parties can follow the pace of development.
More importantly, the hardware purse team revealed that the technology will be available for less than US $ 20, so a fraction of the price of current market leaders, Trezor and Ledger Nano S. The price should be enough to attract others Holders of purses simply by diversifying this market.
If it is not for the competitive price, then users will buy Monero's first hardware wallet for being open source. The ability of developers and community members to focus on an open source product of this nature is not traditional for the cryptocurrency industry.
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For newcomers to the community of Monero, the impatience to be accepted by Trezor and Ledger is normal. However, when investigating further, reluctance is easy to understand when a currency focuses primarily on open access and perfect privacy.
Although the prototype is not scheduled for release until May or April 2018, alternative purses still exist to safely store your Monero. One of the best options for Android users is Monerujo. The mobile application can be found in the Google Play Store or F-droid and provides an easy-to-use solution for the time being. The truth is that the certainty of a safe alternative, exclusive to Monero, is presented as great news for the community.