Trezor Hardware Wallet
This blog post is a transcript from the following YouTube video. Checkout Friends of Satoshi
Trezor is the first hardware bitcoin wallet. Developed by tech startup Satoshi Labs, the device is essentially a USB dongle. Designed to add an extra authentication layer to all outbound bitcoin transactions.
Trezor can be used to sign transactions on unsafe computers and is impervious to key loggers and many other vectors of attack. Even if your host PC is compromised with malware. Thats also where the device gets its name. As Trezor translates into vault in most slavic languages. A kind of vault for your private bitcoin key.
In terms of hardware, Trezor is based on arm cortex m3 processor, clocked at 120mhz and has a 128 x 64 pixel OLED screen; that is both legible and crisp. The second component of the user interface comes in the form of two hardware buttons. Used to perform a number of actions necessary to setup the device and sign transactions.
A standard micro USB port is located at the bottom. It is CE and RoHS certified. The device measures 60 x 30 x 6mm and weights 12 grams. While not certified as fully waterproof, the company says the device is atleast water resistant. Trezor is windows, mac os and Linux friendly. All you need to do is connect your Trezor to the computer and follow the instructions. The whole setup should take no more then 10-15 minutes.
Trezor uses state of the art cryptographic algorithms and practices. The code is open source and technical decisions are discussed with the wider developer community. Everything can be audited by an independent 3rd party. This ensures that Trezor is absolutely transparent and backdoor free. No matter how unprotected your computer or internet connection might be, your coins always stay safe with Trezor.