Blockchain, a popular provider of cryptocurrency software, has announced the launch of its own hardware portfolio, exclusive to the company’s flagship portfolio. According to the development team responsible for Lockbox’s new hardware portfolio, the company worked with wallet maker, Ledger, to create the design.
The provider of distributed encryption and distribution software, has announced the launch of a new hardware portfolio called Lockbox. Launched in August 2011, the company has provided a variety of data services and a non-portable portfolio product that has created 29.5 million portfolios over the years. With the Lockbox hardware portfolio, the device is fully compatible with the company’s wallet software and users can benefit from both services. Well-known hardware portfolio maker, Ledger, worked with Blockchain to create the custom portfolio design and firmware. Lockbox is not compatible with other Ledger platforms such as the Ledger Live application.
“We have created an elegant software and hardware integration that offers more functionality than before in our field.” Peter Smith, CEO and co-founder of Blockchain, said in the announcement: “We are excited to offer the Lockbox to users of Blockchain so that they can easily manage their funds online and offline.”
Ledger president Pascal Gauthier also said that crypto-currency stories “continued to make headlines”. “It is clear that security must be the top priority of everyone involved in encryption,” said Gauthier. In addition, the Lockbox device can be used as a secondary security key for Dropbox, Google Apps, Github and others because it is certified by FIDO.
Lockbox Blockchains cost $99 and can be pre-ordered from October 25th. The company accepts payments by BTC, Paypal, Visa and MasterCard. It seems that Lockbox is almost identical to the Nano. In contrast, the security box measures 98mm x 18mm x 9mm, but is blue with the Blockchain logo. Blockchain Lockbox custom firmware is compatible with Windows (7+), Mac (10.9+), Linux or Chrome operating systems. However, like the Ledger Nano, the application requires the use of Google Chrome or Chromium. By consulting the product’s website, the language suggests that Blockchain thinks the new Lockbox is a safe product that can compete with competitors such as Trezor and Keepkey.
“Our dual-chip architecture provides cryptographic protection so you can easily store your cryptographic data, protecting your private keys behind your secret code,” the site said.
The popularity of hardware portfolios has increased exponentially since last year’s bull market and the thousands of cryptocurrency flights that have occurred over the years. In 2018, some newcomers in the field of hardware portfolios, such as Coolwallet and the latest portfolio of Ellipal.
The new Lockbox comes with all standard components that most others contain, including a USB cable, a mnemonic and an instruction card. Blockchain has also created a Lockbox Support website for those who want to learn more about the configuration process. According to the company, it only takes a few steps to connect an existing Blockchain wallet to the Lockbox device.
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