Grid+ Unveils Lattice1 Hardware Wallet

Grid+ Unveils Lattice1 Hardware Wallet

Grid+ gives the world a preview of Lattice1, a hardware wallet with capabilities that can manage cryptocurrencies and digital identities

According to Grid+, there are two crucial aspects needed to be dealt with before blockchain can achieve a wider adoption. The two aspects are scalability and usability. Lattice1 was built with this in mind. The device is said to be user-friendly, that even a non-technical client can use it with ease.

The hardware wallet is to be paired with the Grid+Pay mobile app, thus creating a hardware/software ecosystem.

Joseph Lubin hails Grid+, on Twitter, as an innovator in the blockchain industry; he also gives Lattice1 a shout-out.

Safe Cards

The use of Safe Card is one of the most essential properties of Lattice1. It is an offline, secure, and portable storage and restoration solution. Safe Cards are smart cards that act as an instrument for secure key management and account backup. A card slot is integrated in the hardware wallet that permits the user to switch between cards securely.

For those who are anticipating Lattice1, the expected time for the devices to be shipped out is in the first quarter of 2019.

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Coinspeaker Tools Used by Hackers to Steal Cryptocurrency: How to Protect WalletsIt’s not a question; the cryptocurrency industry is booming. However, the industry faces certain security challenges and just recently, Bleeping Computer detected a doubtful incident where hackers attempted to swindle over 2.3 million wallets.The attackers are said to have used malware to gain access to users email addresses. Surprisingly, Kaspersky Lab had predicted the attack that came to happen later.Users are required to send coins to addresses that are not easy to remember. For that reason, a user needs to copy the address and paste it into the platform they are using when sending coins. On the other side, attackers are creating malicious programs that can be able to gain access to user’s information.The malicious program created by attackers is called Cryptocurrency Clipboard.The program works by keeping track of the users Windows clipboard to detect cryptocurrency addresses. 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