Hardware Wallet

A HARDWARE WALLET IS A SPECIAL TYPE OF CRYPTO WALLET WHICH STORES THE USER'S PRIVATE KEYS IN A SECURE HARDWARE DEVICE. THEY ARE IMMUNE TO COMPUTER VIRUSES THAT STEAL FROM SOFTWARE WALLETS, GIVING THEM A SIGNIFICANT ADVANTAGE OVER TRADITIONAL SOFTWARE WALLETS AND KEEPING YOUR MONEY SAFE EVEN IF THE MACHINE YOU'RE USING ISN'T SECURE. YOUR PRIVATE KEY IS THE ONLY THING THE HARDWARE WALLET HOLDS. THAT SECRET KEY UNLOCKS THE DOOR TO THE BLOCKCHAIN LOCATION WHERE YOUR ACTUAL ASSETS ARE STORED. THE PHRASE "BE YOUR OWN BANK" HAS REAL SIGNIFICANCE BECAUSE THE BLOCKCHAIN IS USED EVERYWHERE AND ALL YOU NEED TO INTERACT WITH YOUR TOKENS IS YOUR HARDWARE WALLET. IT ALL BEGAN IN 2011, WHEN PAVOL "STICK" RUSN�K AND MAREK "SLUSH" PALATINUS, TWO PROGRAMMERS AND CRYPTO ENTHUSIASTS, BEGAN TO CONSIDER A SOLUTION THAT WOULD ALLOW ANYONE TO KEEP THEIR BITCOINS SECURELY AND IN A TRUSTLESS MANNER. THEY CAME UP WITH THE CONCEPT OF A SMALL, DEDICATED COMPUTER THAT WOULD SAFEGUARD THE SECRET KEYS IN A SEGREGATED SETTING. COMPLETELY AUDITABLE AND OPEN-SOURCE, TREZOR ESTABLISHED THE STANDARD FOR THE INDUSTRY IN TERMS OF HARDWARE WALLET SECURITY WITH THE DEVELOPMENT OF SEED RECOVERY AND PASSWORD PROTECTION.