The cryptocurrency market has grown significantly since 2016, with Bitcoin losing some market share to Ether. There are now estimated to be between 5.8-11.5 million active cryptocurrency wallets. Hardware wallets for secure storage are increasingly popular due to rising cryptocurrency values and theft incentives. Popular hardware wallets include Ledger Nano S, Trezor, and KeepKey, which support Bitcoin and other cryptocurrencies. Hideez Key is a new Bluetooth hardware wallet that uses a smartphone screen for verification while keeping private keys secure on the device. It works with multiple currencies and has security, backup, and compatibility advantages over other wallets.
2. Current State of Cryptocurrency
The total cryptocurrency market capitalization
has increased more than 3x since early 2016,
reaching nearly $25 billion in March 2017
Bitcoin (BTC) has ceded significant ‘market cap
share’ to other cryptocurrencies, most notably
ether (ETH)
3. Current State of Wallets
The number of active wallets is thus estimated to have increased from between 0.6 million and
2.6 million in 2013 to currently between 5.8 million and 11.5 million in 2017
4. Current State of Wallets
An increasing number of
companies specialize in the
development of hardware
wallets, which store private keys
in a secure hardware device. This
development coincides with the
observed increase in the value of
cryptocurrencies and the greater
incentives for criminals to target
cryptocurrency holders.
5. Hardware Wallets
Ledger Nano S Trezor KeepKey
Dimension &
Weight
Height: 98 mm Height: 60 mm Height: 38 mm
Width: 18 mm Width: 30 mm Width: 93.5 mm
Depth: 9 mm Depth: 6 mm Depth: 12.2 mm
Weight:16.2g Weight:12 g Weight:54 g
OLED Display &
Buttons
Yes Yes Yes
Compatibility
Windows (7+), Mac
(10.8+), Linux
Windows, Linux, OS X (10.8
or higher).
Windows, Mac, and
Linux
Cryptocurrencies
Bitcoin Bitcoin Bitcoin
Ethereum Ethereum Ethereum
Ethereum Classic Ethereum Classic Litecoin
Ripple Namecoin Namecoin
Litecoin Litecoin Dogecoin
Dogecoin Dogecoin Dash
Zcash Zcash
Dash Dash
Stratis
Komodo
7. Hideez Key – Features
TRUSTED DISPLAY
• The Hideez key has a dual Bluetooth
connection with your computer and
smartphone. Using a display of your
choice to view a transaction, you must
use the physical button on Hideez to
confirm an exchange.
SECURITY
• Stored inside a strongly isolated
environment and locked by a PIN code,
your confidential data is never exposed.
BACKUP & RESTORE
• Your accounts are backed up on a
recovery sheet. Restoration on any
Hideez device or compatible wallet
(BIP39/BIP44) is done with ease.
8. Hideez Key – Secure Features
SECURE STORAGE
Hideez Key is based on a Nordic SOC with
individual block protection. It is controlled with
special registers which can only be wiped on
hard reset. The firmware integrity is guaranteed
by cryptographic attestation
PRIVACY
Your private keys are never exposed neither to
Hideez cloud, nor to a third party: they are
always securely stored in the NORDIC SOC. With
Hideez Key, your wallet remains decentralized,
you are your own bank
BLUETOOTH ENCRYPTION
Bluetooth encryption is enabled via bonding in
secure mode and operates with symmetric AES-
128 key encryption.
Upper layer session encryption is done with
symmetric AES-128 key between Hideez Key and
Hideez Safe application.
9. Hideez Key – Wallet specification
MULTI-CURRENCY
Supports Bitcoin, Bcash, Namecoin, Litecoin,
Ethereum, Zcash and altcoins: keep different
assets in the same hardware wallet
BATTERY
CR2032 up to 6 month
DIMENSION & WEIGHT
Size: 32,5mm х 32,5mm х 9,5mm. Weight:
9g.
COMPATIBILITY
Windows (7+), Mac (10.11+), iOS (9.3+),
Android (4.4+)
MICROCONTROLLERS & CONNECTOR
Connector: Bluetooth 4.1+
Chips: Nordic nRF51822-QFAC
MATERIALS
Plastic
10. Hideez Key – How it works
1. Application Hideez Wallet is
installed on your PC and
Smartphone
2. Connection of Hideez Key is done
via Bluetooth with your PC and
Smartphone
3. PC function – Transactions
processing
4. Smartphone function – Verification
of recipient address and amount
5. Hideez Key function – sign
transaction with private key
Hideez Wallet app on the
paired device
Generate and store private key for
Blockchain address and sign transaction
11. Competitive advantages
1. Wireless connectivity
2. Trusted screen on your Smartphone
3. Security alarm for Hideez Key (distance
sensitive)
4. Biometric verification of transaction
5. Private keys stay unknown to 3rd party
12. Thank You! You Are Awesome!
Oleg Naumenko
ON@hideez.com
+1 (650) 416 80 54
You can reach us via
www.hideez.com
Info@hideez.com