What Does TREZOR 1 Already Do?

Cryptocurrency Wallet

The Original Hardware Wallet

Created as the first hardware wallet in the world, it is fairly obvious that the main purpose of TREZOR is to hold the private keys to cryptocurrencies. By isolating the workspace with private keys, confidential data is never transmitted to any computer, thus minimizing the possible leakage of private keys. Without any exception, all operations with private keys are done exclusively inside the TREZOR. This applies to Bitcoin, Litecoin, Ethereum, but also DASH and Zcash.

However, since there are many applications of public key cryptography beyond Bitcoin and cryptocurrencies in general, TREZOR can do much more than just keep your bitcoins safe.

TREZOR Password Manager

Easy Encryption of Sensitive Data using Public-key Cryptography

One of our most interesting alternative applications of TREZOR is the TREZOR Password Manager — TPM. With TPM each entry is encrypted separately and uploaded into a cloud storage, assuring for convenience and security at the same time. We have done away with a master password that would immediately decrypt all passwords. Instead, entries are decrypted one-by-one, only on-demand and after confirmation.

The TREZOR Password Manager is also a proof of a wider applicability of Bitcoin security. Bitcoin technologies are not only limited to blockchain, but include various uses of cryptography too. If passwords could be securely stored like this, what prevents other data from being encrypted, using the TREZOR?

TREZOR As Login Token

TREZOR can not only save passwords and secure your cryptocurrencies, but you can also use it for passwordless login into services supporting TREZOR Connect API. Alternatively, you can use TREZOR as a second factor authenticator, using the emerging U2F standard (more secure than one-time passwords.) More on U2F support here.

It also supports SSH login and GPG encryption, making it even more versatile for users with security in mind.

Native Wallet Integration

We have also made it much simpler to use TREZOR with different services. For instance, you do not need to access your wallet separately, in order to transfer funds between an exchange and your TREZOR. You can manage your device from the interface of the exchange directly. Most recent case of such integration was with Bitstamp.

Embedded TREZOR accounts give you a very convenient, yet safe way to hold or trade your cryptocurrencies.

All of these features have already made TREZOR the most versatile and useful device on the market. With TREZOR 2 though, thanks to the new software stack and a more powerful hardware, even more is possible.