Layer, founded by Benjamin Hubert, is a London-based industrial design business recognized for producing award-winning products with market-leading experiences and UX/UI like no other. Their most recent initiative addresses the digital currency revolution, and it is essentially a safe tool for storing and managing your virtual assets.
The Trove Cryptocurrency Wallet is an “unhackable” wearable gadget developed in partnership with the financial business Trove. The technology saves cryptocurrency offline on the hardware, and customers can trust that their assets are safe thanks to the ECG signature.
What is Trove Wallet?
Layer partnered with fintech startup Trove to introduce the devices, which are intended to make storing and managing digital currency like bitcoin safer and easier. The method keeps cryptocurrencies offline, making them less vulnerable to hackers, and it also combines clever security features, making it far more difficult to lose your password if it is forgotten. The creators describe it as unhackable and unlosable.
Trove is made up of four components: Coin, Keep, Safe, and the Trove app. Coin is a tiny wearable gadget that, like a wallet or purse, allows users to hold cash for ordinary expenditures. It is only two cm wide and may be carried in a pocket or worn on the body like jewelry.
How Does Trove Wallet Work & how to Use Trove Wallet?
The ECG sensor, like fingerprint or iris detection, recognizes the user’s unique pulse rhythm and utilizes it as a means of verification. This establishes a Bluetooth connection with the Trove app, allowing access to the data and cash stored therein. This feature distinguishes the product from bitcoin wallets that offer access via static encryption keys – complicated passwords or pin numbers.
Keep and Safe are both intended to be used in conjunction with Coin. Keep is a USB-C port-powered container composed of volcanic rock and polycarbonate. It is used to charge the Coin inductively. Meanwhile, Safe is a “private personal home bank” secured by ECG verification that allows customers to keep cryptocurrencies safely at home.