The liquidity aggregator from decentralized exchanges, 1inch Network, will release a hardware cryptocurrency wallet. ForkLog was told by project representatives.
The 1inch Hardware Wallet is in the final stage of development. It is expected to go on sale this year.
An independent team, funded by a grant program from the 1inch Foundation, is developing the device for cold storage of cryptocurrencies.
The project highlights the following key features of the device:
- full isolation from the network without the need for a wired connection. Data exchange is carried out via QR codes or, optionally, via NFC;
- the ability to use transparent signing instead of blind signing, as in some other wallets;
- continuous analysis of signing and transaction data. If a signed transaction is compromised on the internet or in a mobile app, the user will be notified;
- option to create and manage wallet sets with different initial seed phrases. Each set is protected by its own PIN.
According to the statement, the device is close in size to a bank card, at a thickness of 4 mm.
The 1inch Hardware Wallet features a 2.7-inch E-Ink display with Gorilla Glass 6.
The device supports wireless charging. The lithium-polymer battery lasts roughly two weeks on a charge.
1inch Network notes that this is the first physical product in the DeFi project’s ecosystem.
Users can join the hardware wallet waitlist.
In April 2021, the 1inch team launched the 1inch Wallet app for iOS. For Android users, the mobile wallet became available in March 2022.
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