Categories: CryptoNews

Digital Bitbox Is A Swiss Physical Multisig Bitcoin Wallet

There are never enough Bitcoin hardware wallets to choose from, even though there is some fierce competition in this market segment already. Companies such as TREZOR, Ledger, and BitLox are all vying to become the market leader in physical Bitcoin wallets, and new enterprises are emerging as well. Digital Bitbox is one of these new contenders, and they focus on making their solution portable, open source, and supporting mutisignature.

Also read: Petya Bitcoin Ransomware Targets Enterprises

Multisig Physical Bitcoin Wallet By Digital Bitbox

Up until this point, there are very few physical Bitcoin wallet offerings supporting mutisignature. After all, it does not make immediate sense to require multiple keys for sending transactions when using a device usually owned and used by just one person. Then again,

multisignature support could make sense for companies, startups, and groups of Bitcoin enthusiasts working on a collaborative project.

What makes the Digital Bitbox offering so interesting is not just the multisig support, but also how they are focusing their attention on the right aspects. Private keys are never broadcasted to the computer or the Internet, which has become a standard among physical Bitcoin wallet providers these days. Additionally, the device has an on-board SD card, which can be used for wallet backup and recovery.

But that is not all, as the Digital Bitbox uses external entropy to offer additional security.

Related Post
Entropy is added through random bytes during the factory installation, removing the need to trust the company creating the device. Moreover, additional entropy is added when users enter their device password. Usage of the device can be further protected by two-factor authentication, and all communication via USB is encrypted with AES-256-CBC.

This minimalistic wallet design will be greatly appreciated by Bitcoin users, as there is no screen involved. Moreover, there is a small hole in the wallet to add it to one’s keychain, adding to its portability factor. With a durable case to support the internal hardware and software under the hood, there should be no concerns about bumping this device against  a rough surface when it sits in one’s pocket.

Last but not least, there is the topic of what would happen if someone lost their Digital Bitbox, or has it stolen. Every device is protected by a password, which prevents assailants from stealing the coins. Moreover, the addition of 2FA makes it even more difficult to retrieve funds. Although there can be 15 attempts to find the right combination, the device will erase all secrets and reset completely to prevent further brute-force attacks.

Purchasing a Digital Bitbox can be done through their

online shop, at the price of US$120 each. A Micro SD card will be included free of charge during the limited beta sale, and free shipping will be added as well. Payments can be made in Bitcoin, or by using a credit card through Stripe.

Source: Digital Bitbox

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

6 hours ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

7 hours ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

7 hours ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

8 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

11 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

12 hours ago