TREZOR Creates Hardware Wallet for the NEM Blockchain
The NEM.io Foundation, creators of the peer-to-peer NEM blockchain platform, and TREZOR today announced the launch of new firmware and integration into the NEM blockchain. NEM will also launch the first Nanowallet that allows unified login with TREZOR credentials. NEM joins other coins on TREZOR including Bitcoin, Ethereum, and Zcash.
First seen on blog.nem.io
“Many cryptocurrency investors, traders, and users demand the security that TREZOR provides,” said Marek Palatinus, CEO of SatoshiLabs. “We’re happy to be collaborating with NEM to offer community more options when it comes to wallet security.”
Along with providing support for XEM, TREZOR will also be able to provide support for assets built on the NEM blockchain. NEM’s architecture has been designed with 100 percent new code, and one benefit of this is all tokens are “native” tokens, which means anytime XEM is upgraded or support added by a third party, support for all assets created on NEM are also added. At this time, other assets being supported with this release are two assets for DIMCOIN, two assets integrated with the PacNEM game, and one asset for the Breeze project.
“The NEM community represents some of the most savvy cryptocurrency investors out there, and we’re constantly working towards providing the best user experience,” said Lon Wong, President of the NEM.io Foundation. “We’re confident our integration with TREZOR will provide enhanced security in which the NEM ecosystem can continue to grow.”
XEM is the world’s ninth largest cryptocurrency according to CoinMarketCap, with a market capitalization of US $8.1 billion. NEM’s technology is currently employed by a variety of financial institutions and industries. When considering demand and trade volume, NEM also boasts being one of the most popular altcoins in Japan.
TREZOR is the first Bitcoin hardware wallet, offering unmatched security for cryptocurrencies and password management, providing ease of use for anyone from security experts to the general user. TREZOR’s design breakthrough allows the hardware wallet to isolate all private keys, with which transactions are signed. No confidential data is ever leaked to the computer, so even if the computer was ridden with viruses, a person’s NEM assets will still be safe.
The TREZOR firmware update 1.6.0 or later can be downloaded from https://wallet.trezor.io/ and the updated NanoWallet 2.0.14 or later built with the NEM SDK can be downloaded at https://nem.io/downloads/.
About Satoshilabs / TREZOR
SatoshiLabs is the innovator behind some pioneering projects in the Bitcoin universe, from TREZOR, CoinMap.org to Slush Pool, the world’s first bitcoin mining pool. TREZOR is the first Bitcoin hardware wallet ever invented in the world. It offers an unmatched security for cryptocurrencies, Password Management, can be used as Second Factor, while maintaining an absolute ease-of-use, whether you are a security expert or a general user. For further information, please contact us at email@example.com
A complete tutorial on how to use TREZOR with the NanoWallet can be found here.
About NEM.io Foundation Ltd
NEM.io Foundation Ltd. is a non-profit organization based in Singapore, set up to promote NEM’s blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry. NEM’s technology is currently being utilized in a variety of financial institutions and industries. For more information, please visit: www.nem.io
Press contact NEM.io: NEM@transform.PR / +1-415-595-2030
All other product and company names herein may be trademarks by their registered owners.
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