We all may have experienced the usability of hot wallets that is online wallets, but the hardware wallets are opposite to the online wallets. This kind of hardware wallets will come as a security device which can hold the cryptocurrencies outside of an application connected to the internet or any other third party cloud storage, to avoid security theft, hackings or asset loss. Trezor is the first cryptocurrency hardware wallet, that made that ideology to work in real-life use cases for storing cryptocurrencies.
Trezor Is the first introduced Cryptocurrency Hardware Wallet, that was introduced in 2014, by a cryptocurrency company, satoshilabs. Trezor can be called as the first cold wallet which has been invented to safely store bitcoins and other cryptocurrencies offline, that is outside of the internet connectivity. This wallet is like a USB device that can be connected with any kind of handheld and computer device like, mobile phone, tablet, desktop, wearables and more. The high-end security features of the trezor have attracted many cryptocurrency exchanges, traders, average bitcoiners towards it and have become the most trusted cryptocurrency hardware wallet. The arrival of Trezor has lifted the cryptocurrency protection to the next level.
So, I hope you now had a basic idea about trezor, before knowing about how to use trezor, let us unveil its security features, types, and how it works.
Trezor is a single purpose cryptocurrency wallet, that is to store cryptocurrencies, approve transactions, and can help you to manage any kind of your digital identity. Trezor gives you a 100% guarantee for your assets and protects all the crypto entities from possible online and also offline security risks. Trezor never stores private keys to a system of devices connected to the internet and confirms the transactions away from the internet. Private data in trezor will not be leaked under any circumstances, rewritten, or erased even if you haven't used it for a long while. Trezor never requires a battery backup instead the power can be acquired via USB Connection.
There are two models in trezor wallet, one is Trezor wallet one and Trezor wallet T. Each has some significant differences. Trezor wallet one was introduced on 29 January 2014 & Trezor T the premium model has been released on 26 February 2018. Let us have a short comparison between the two types of trezor wallets below.
Trezor One - it is a golden standard, and it is a first-generation wallet, raised with the single purpose that is to store cryptocurrency wallets, Whereas it resembles as a keychain and came with a minimalistic design. It weighs nearly 12 gms.
Trezor T - This is a premium standard of Trezor wallet, It has some special features better than trezor one has. Trezor T comes with a colorful LED touch screen, SD card Slot, Secure Device Input. Weighs 22 gms.
Trezor one
Trezor T
Source : Trezor.io
Trezor supports to store a variety of cryptocurrencies and tokens which includes Bitcoin, Ethereum, Litecoin, Monero, NEM, Dash coin and more. You can here.
Check out the enhanced security features