Here's an easy explainer on how this works and how we mitigate it:
https://bitbox.swiss/blog/how-almost-all-hardware-wallets-can-steal-your-seed/
We have Anti-Klepto implemented.
https://bitbox.swiss/blog/anti-klepto-explained-protection-against-leaking-private-keys/
Get your Independence Pack now: https://shop.bitbox.swiss/en/products/bitcoin-independence-pack-73/
Perfect launch day for the Steelwallet Pro—Aug 1st! 🇨🇭 It's Swiss National Day & marks the end of the 2017 Blocksize War, which upheld Bitcoin's distributed nature. Who was here already? 😎
Today, secure your Bitcoin with top protection (link in the comments):
Imagine if every coffee today was a piece of Bitcoin tomorrow...
Did someone say silent payments? 🤫
We have just signed the first ever silent payment transaction on a hardware wallet!
Coming to your BitBox02 soon!
https://video.nostr.build/b45e4e77e4b8366ae00510c5899802574ffee0ff61b1f547cc26125ca5884d88.mp4
When the price of a roof over your head outpaces your paycheck, it's time to question our financial system. #bitcoin
¡Hola amigos! ✨ Starting today, we offer customer support in Spanish! All our Spanish-speaking friends can now write to us in their language and receive answers en español.
For assistance, send a message to [support@bitbox.swiss]. ¡Gracias! ❤️
Internet users after 15 years: about 10,000
Bitcoin users after 15 years: about 100,000,000
We're just scratching the surface of what’s possible. 🚀
Instead of thinking about what we could've bought, let's focus on maximizing our future opportunities!
The history of hardware wallets:
Using a Bitcoin wallet is (almost) normal today, but when Bitcoin was first created, such wallets didn't exist.
Early Bitcoin users had to rely on rudimentary methods to manage and store their private keys, which were susceptible to high security risks.
Over time, Bitcoin Improvement Proposals (BIPs) have revolutionized how users interact with their Bitcoins, significantly enhancing the security and usability of wallets. Here the BIPs that led to hardware wallets:
- BIP32 (2012): Hierarchical Deterministic Wallets
What it is: This BIP introduced a system where all Bitcoin keys could be generated from a single seed, known as Hierarchical Deterministic (HD) Wallets.
Impact: It improved security by reducing the need for frequent backups and enhanced privacy by allowing users to generate new addresses for each transaction, all recoverable from the same seed.
- BIP39 (2013): Mnemonic Code for Generating Deterministic Keys
What it is: BIP39 proposed a method for converting the seed used in an HD wallet into a mnemonic phrase made up of easy-to-remember words.
Impact: It made wallet backup and restoration more user-friendly. Instead of needing to secure complex keys, users can now recover their entire wallet using a simple phrase of common words, thus significantly reducing the risk of errors in recording the seed.
- BIP43 (2014): Purpose Field for Deterministic Wallets
What it is: BIP43 introduced a "purpose field" in the deterministic wallet structure, allowing for multiple different wallet structures under the same seed.
Impact: It provided a method for developers to create specific wallet structures for different applications, all under one master seed, supporting improved organizational strategies.
- BIP44 (2014): Multi-Account Hierarchy for Deterministic Wallets
What it is: BIP44 builds on BIP32 and BIP43 by adding a specific structure for creating multiple accounts within the same wallet.
Impact: It enabled users to have different accounts (like savings, checking, investment, etc.) under one master seed. Each account can have its own chain of addresses, enhancing both privacy and organization.
These advancements, as proposed and implemented in the respective BIPs, address various aspects of security, usability, and functionality in Bitcoin wallet management.
For hardware wallets, these proposals meant that users could not only secure their Bitcoins more effectively but also enjoy greater ease in managing multiple accounts and addresses under a single device.
This reminds us of how Satoshi Nakamoto, by releasing the Bitcoin code, gifted the world one of the greatest technologies we have ever seen. However, developers have continued to introduce new updates to enhance its usability, and this will likely continue for decades, perhaps even centuries.
We are all Satoshi.
About to receive your Bitcoin from Mt.Gox?
Don't repeat history! 🔐 Secure them in a BitBox02 NOW!
Our 24-hour flash sale offers a not-to-miss deal. Act fast and protect your future:
What's your 'why bitcoin'? 🤔
Life is 10% what happens to us and 90% how we react to it. Who's buying 'the dip'? #bitcoin
We just came back from an exhilarating time at BTC Prague! 🌟 It was a fantastic opportunity to meet face-to-face with our partners and users.
This event was particularly special as it brought (some of) our remote team together, allowing us to strengthen bonds and exchange ideas in person.
Thank you to all who made BTC Prague a memorable gathering. Your energy and insights continue to inspire and drive our mission forward.
Partner of the week: nostr:npub1st4elxz4dphx2qxpuaklvs855zetnkglu8dvszdxamgqn5q3pk5svflv5p! 'Was Bitcoin bringt' offers expert insights in German language, with additional English content on YouTube, in the newsletter and much more 👏
Bitcoin is volatile. Yes, but...
You have asked for it!✨
BIP-85 child key support is now available for the BitBox02!🔐
Get this and other new features with this fresh update: 👇
https://bitbox.swiss/blog/bitbox-04-2024-brienz-update/
As promised, we are donating the proceeds of our Bitcoin whitepaper sales to Bitcoin open source development.
This time, we are donating 1.5m sats to Sparrow Wallet!
Sparrow is an excellent software to use for all kinds of hardware wallets and multisig setups.
Sorry, that was not correct. Shipping to the canary islands is currently not available, but will be hopefully again soon!
You can chose "Spain - Canary Islands" in the shop!