Categories: CryptoNews

SatoshiLabs Unveils MyTREZOR Beta And Switches To Bitcore

TREZOR is one of the most popular hardware Bitcoin wallet solutions in the world today, and the growing community behind this project showcases exactly that. Due to overwhelming demand, the company has released a public beta of the myTREZOR platform, which now uses Bitcore rather than a closed source backend solution.

Also read: HSBC Executive and SWIFT Board Member Joins Ripple to Support Continued Global Growth

MyTREZOR Public Beta Has Launched

MyTREZOR is a platform many Bitcoin community members have been looking forward to as it offers a way for

TREZOR owners to keep using all of the software functionality regardless of whether the SatoshiLabs servers are available. This is a similar approach to what Airbitz is doing with their mobile wallet solution, which is always accessible as well.

Although the primary purpose is to boost the overall stability of the service and privacy offered by the TREZOR hardware wallet, there is an added bonus to myTREZOR. Users can choose the server they want to use rather than the default SatoshiLabs one, and advanced users can even set up their own backend servers. This removes any possibility of leaking financial information from the equation.

But there is even more, as myTREZOR applications are moving to

Related Post
Amazon CloudFront, which serves as a CDN with 99.9% uptime guarantee. All in all, this platform holds a lot of promise for existing TREZOR users, and the decision by SatoshiLabs to move to Bitcore is well worth noting as well.

It is interesting to see SatoshiLabs choose Bitcore, though, although there are some interesting reasons as to why this choice was made. First of all, this software solution developed by BitPay is open source, which is a step up from the closed-source backend previously used by the SatoshiLabs.

But more important, the company hopes to provide a flawless experience to existing TREZOR users. Not that any major complaints regarding the stability have been recorded so far, but it is always better to prevent issues rather than fix existing problems. Plus, this will also benefit the myTREZOR lightweight wallet interface platform in the long run.

Source: Medium

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

Aptos (APT) and Tron (TRX) Prices Slide, As Volume Soars For Rollblock Suggesting Parabolic Rally

As Aptos and Tron prices take a recent downturn, the spotlight shifts to Rollblock, whose…

2 hours ago

Altcoins to Watch in November: Binance Coin (BNB), Rollblock (RBLK), and Neiro (NEIRO)

As the crypto markets roll into their most bullish time of year, we present three…

2 hours ago

Analysts Forecast $1 for Cardano and Lunex Network As Dogwifhat Plunges To Former Lows

As the crypto market prepares for a major rally, experts believe that two top altcoins,…

2 hours ago

Retail Traders Panic Sell During ‘Fake Dip’; Whales Hold Tight to SOL, DTX, and SHIB for a Millionaire-Maker Bull Run

Solana (SOL): A Strong Ecosystem Despite Volatility Solana (SOL) has been all over the place…

3 hours ago

Llama 3.2 Predicts Price For Dogecoin: $2 Peak By 2025 And $5 Rally For DTX Exchange This Winter

Cryptocurrency trends are keen on the forecast that was recently released by Llama 3.2 model…

3 hours ago

Crypto Whale Sparks 8x Surge In $OPK Price with Massive Buy-in

A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…

5 hours ago