Foundation released its latest device on Wednesday, 19 December 2024. Passport Prime.
Introducing Passport Prime – Your Personal Security Platform!
Passport Prime is a new personal security system that protects Bitcoin and all your digital assets.
You can think of your Internet security like a Swiss Army Knife. pic.twitter.com/3HH2eG7vhU
— FOUNDATION (@FOUNDATIONdvcs) December 18, 2024
It offers many features to help protect not only the bitcoin keys but also digital information.
You can find out more about this by clicking here.
The Passport Prime is the second-generation wallet from the company. Passport deviceThis includes multisig functionality as well as temporary seed phrases.
Passport Prime helps to protect your sensitive digital information, including other data not related to Bitcoin.
Security Keys, a new app that replaces Yubikeys for NFC or USB use, allows you to generate multiple security codes.
It also includes a USB flash drive with encryption. On the device, users can store data up to 50GB. Airlock, a feature of the File Browser App that allows users to access only selected files while the device is connected to a computer or phone, helps keep data private.
The device also has its own custom operating system — KeyOS — which enables apps to run in their own sandboxes while the OS manages permissions.
Hardware Wallets are a Major Industry.
Bitcoin Magazine reported that Foundation’s CEO and co-founder, David Foundation, had expressed his desire to establish a new cryptocurrency. iPhone of Bitcoin hardware. The Passport Prime represents the Foundation’s closest approach to this goal.
“The hardware wallet industry has been coasting for years, failing to deliver any meaningful innovation and unable to respond to digital assets’ rapidly evolving utility and use cases,” Zach Herbert, CEO and co-founder of Foundation said in a recent press release.
“Wallets have become crypto’s weakest link: they are difficult to onboard to, complex to use, and increasingly insecure for a range of modern blockchain transactions,” He also added.
“Passport Prime is the first device of its kind, a Personal Security Platform that’s fit for the future decentralized economy, making it simple to safeguard all your private keys in one offline device, and sign every kind of transaction or contract with complete peace of mind.”
All Third Party Apps Are Welcome
Around mid-2025, KeyOS will allow developers to develop third-party software. Developers will also be able list their apps on Foundation’s App Catalogue.
These apps are produced by Cake Wallet Users will be able to transact more securely using Bitcoin, Monero, and other crypto-currencies.
Dynamic yet Simple and Secure
Foundation says that despite the many features, setting up and utilizing Passport Prime is easy.
Envoy is the Foundation native app which guides users through the setup process. It connects via QuantamLink to the device.
QuantamLink Bluetooth enabled by an embedded Bluetooth chip in Passport Prime. It can only transmit and receive messages encrypted with quantum-resistant technology.
Users can also back up their seed via a 2-of-3 Shamir Secret Sharing configuration splits the seed into three pieces — two stored on physical cards and one stored in the Envoy mobile app.
You can find out more about it here:
This device is expected to retail at $299, and will be available by the second quarter of 2025.
The device comes in two different colors — Arctic Copper and Midnight Bronze — and it’s both completely open-source and manufactured in the United States.
Discover more about our product here.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
