Trezor Model T Finally Expands to Host Hot New Altcoins
Trezor, one of the best hardware wallets, includes a selection of altcoins, including XRP, Cardano (ADA) and others.
Trezor’s Model T hardware wallet has increased the security of crypto infrastructure by offering storage for some of the hottest new altcoins. The availability of a hardware storage wallet is always important to a coin’s adoption. Until now, Ledger had been seen as more innovative with the constant stream of asset additions, while Trezor remained more conservative.
The updated Trezor Model T makes it possible to store Monero (XMR), Cardano (ADA), Stellar (XLM), Ripple’s XRP, Tezos (XTZ), Decred (DCR), Groestlcoin (GRS), Lisk (LSK), Zencash (ZEN), and supports the Zcash Sapling hardfork for ZEC.
Some of the coins are still awaiting third-party integration to connect to existing wallets.
The Trezor wallet adds an extra layer of security by storing the private keys in a manner not accessible directly. However, hardware wallets with earlier firmware versions have been opened and private keys extracted.
The move by Trezor is yet another indicator that even during the bear market, innovation and infrastructure development continue. Almost all of the assets added have received significant attention as promising projects with large communities and the potential for scalability.
The selected assets contain four types of anonymous coins or coins with anonymous option - XMR, ZEN, ZEC, and to a degree DCR, which will aim to include anonymous options.
XRP and XLM are actively attempting to increase their influence, with both coins offering rewards and in the case of XLM, a wide-reaching airdrop.
Cardano and Tezos remain the wildcard projects, promising unique qualities of consensus, but for now, the prices of the corresponding assets have been drifting sideways.
The Trezor wallet is set to support the Bitcoin ABC version of the upcoming November 15 hard fork, and there is no replay protection expected for the eventual split into two networks. Trezor urges caution and recommends waiting before moving BCH until the chains stabilize.