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Blockchain Technologies Inc. (BTI) releases a standalone cryptocurrency hardware wallet known as Staker.
Blockchain Technologies Inc. (BTI) releases a standalone cryptocurrency hardware wallet known as Staker. This is the latest addition to the company’s current product line that includes a coin (also called BTI), as well as dedicated devices and solutions for Proof-of-Stake and Proof-of-Work cryptocurrencies.
Speaking to CoinTelegraph, Darren James, the company’s CTO, and Kamron Kennedy, Technical Manager and lead developer on the hard wallet project, said that they have been working on this product for several months now. They added that Staker is meant to fill the hardware wallet need that has always been there even with the growth in popularity of desktop and mobile wallets.
“We developed this product for users who want to remain in control of their crypto coins but at the same time need a light, easy to use and convenient device to do it. We are very excited as to what the future holds for it.”
Staker can be purchased either as readymade or in a customizable piece-by-piece selection process. The latter is for customers who know exactly what they want, don't need support, but just need an easy way to buy the parts at an affordable rate.
While the device is intended to remove the barrier between those who would like to use cryptocurrencies and the technology on which they are built, Darren and Kamron believe that even those who are tech savvy may find it useful as an "at home cloud" service for exclusive financial holdings.
The device is primarily open source software and hardware that is for all cryptocurrencies, but more especially those that function on a Proof-of-Stake algorithm.
It uses a standard outlet for power and Ethernet to connect it to the internet. It is also pluggable to any HDMI monitor or peripherals (mouse, keyboard) through standard USB. These can be used to interact with its terminal, which is standard Ubuntu 14.
The fact that it can be customized and used with different types of coins differentiates it from other hardware wallets already in the market.
"These devices are meant for convenience and simplicity while leaving options open to tinkerers who can make it even better."
In addition to enabling convenient 24/7 staking, future versions will also offer automatic trading capabilities on exchanges where APIs are available. Other current capabilities include showing connections, block height, and balance. It also has upgradeability to specifications upon request, easy access to transaction history as well as the ability to generate new addresses on demand.
While the hardware wallet is designed with utmost attention to security, Darren and Kamron are advising users to use it only through a secure network such as that at home. Otherwise, they might expose the device to security breaches.
Staker is the first of BTI’s devices of the kind. The company promises to churn out more device solutions in the near future.
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