The team behind a new affordable multisig bitcoin wallet say their product has security features that make it almost immune to hacking attacks.
The Ledger Wallet Nano is the result of a merger between three French startups: La Maison du Bitcoin, a bitcoin centre in Paris; BTChip, a hardware wallet manufacturer; and Chronocoin, an exchange platform.
Priced at €34.90 (or 0.1213 BTC), the USB device contains a banking-grade EAL5+ smartcard, the same as found in credit cards. Additionally, as a hierarchical deterministic wallet (BIP32), the Ledger can hold an infinite number of bitcoin addresses.
Connecting to each user's computer through their USB port, the device carries out cryptographic work, such as signing bitcoin transactions, inside its own protected environment. Once safely initialised, it can even be used without risk on an insecure or compromised computer, its makers claim.
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