Layer Launches “Unhackable” Wallet for Storing Cryptocurrency
Benjamin Hubert‘s design studio Layer has launched Trove, a digital wallet and app system that allow you to store your cryptocurrency without fear of loss or theft.
Layer collaborated with fintech startup Trove to launch the products, which are designed to make it safer and easier to store and manage digital currencies such as bitcoin.
The system keeps cryptocurrency offline, making it less susceptible to hackers, and also incorporates smart security systems, making it much harder to lose if you forget your password. The designers call unhackable and unloseable.
Trove is a digital wallet and app system that allow you to safely store your cryptocurrency offlinethe coin stores cryptocurrency offline on the hardware – rather than online – meaning it is less susceptible to hackers
the trove app makes interacting with cryptocurrencies easier and more approachable — the interface design is simple and engaging, making use of clear text, graph elements and soft pastel colors. the application functions as a wallet for your various cryptocurrencies and makes it easy to buy and sell cryptocurrencies and pay for everyday purchases.
users can easily see their spending history and how the value of the currency has changed over time, and also compare the performance of various cryptocurrencies, for example, bitcoin compared to ethereum. there is also a tracking function, that enables users to know the exact location of their coin at all times, and an AI financial advisor.
the trove coin is a 3mm x 20mmaluminumm wearable device that, like a regular wallet, is a way to store currency for daily use spending and trading
‘researchers speculate that 35% of all bitcoins have been lost due to irrecoverable passwords,’ explains the designer. ‘as the security of bitcoin is based on complex private keys that allow the transfer of funds, once the private key is lost, it is extremely improbable that lost coins can be recovered.’ trove uses a biometric authentication system to send and receive cryptocurrency, making it effectively impossible to lose access.
the device is stored in keep, a tactile volcanic rock and polycarbonate container – which is powered by a USB-C port and inductively charges the coin
users unlock the coin using their ECG signature – a biometric method of verification that recognises a user’s unique heartbeat pattern – by touching the contact zone on the front
the bluetooth communicates with the user’s smartphone and allows funds to be accessed
unlike other cryptocurrency wallets, which rely on complex password systems, it is impossible to lose or forget the authentication for coin
the trove coin magnetically attaches to three different accessories – wristband, neck pendant, or brooch
the user has the option to openly display the coin as a fashion accessory, or wear it in a more discreet manner