The Hong Kong-based cryptocurrency exchange Gate.io has launched a new hardware wallet with fingerprint recognition. The device supports more than 10,000 cryptocurrencies through wallet.io, and supports multiple signature functions through more than 40 public chains.
The well-known cryptocurrency exchange Gate.io has announced the launch of the S1 hardware wallet, which supports multi-signature functions and a unique way to keep funds safe. The S1 device is different because it has a fingerprint recognition function on the built-in display. Marie Tatibouet, Chief Marketing Officer of Gate.io, detailed that fingerprints create a unique password for each S1 owner.
Tatibouet explained in the statement: “The private key is locked in the hardware itself, safely away from the Internet, and it makes the signature more convenient when the user transfers for daily use.”
The company claims that all the owners need is a computer or smart phone, and then they can authorize the use of fingerprints for transfer transactions. Gate.io believes that the S1 framework will also support the company’s Gatechain project and decentralized finance (defi) use cases.
Gate.io pointed out: “Wallet S1 can be used in conjunction with the safe address on Gatechain.” The exchange believes that the new S1 device is “the first hardware wallet with a world-leading fingerprint recognition algorithm, which can be detected Automatically initialize during brute force attacks.” S1 is also supported by the flagship SOC chip and unique dual CPU architecture.
Gate.io believes that the security of encrypted assets is extremely important in the definition space, and non-custodial services enable encrypted users to not be restricted by the central platform. According to the company, the S1 hardware wallet starts at $50, and each unit measures 60mm x 20mm x 6mm. The hardware devices work together with the wallet.io platform.
The new equipment of the Hong Kong trading platform joins the various hardware wallets available in the open market today. These include products from Trezor, Ledger, Ellipal, Keepkey, Ngrave, Bitbox, Coolwallet, Bitlox and Coldcard.
What do you think of Gate.io’s S1 hardware wallet with fingerprint recognition technology?Let us know in the comments section below.
Picture Credits: Shutterstock, Pixabay, Wiki Commons, gate.io, wallet.io,
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