1inch Network Launches Air-gapped Hardware Wallet

1inch Network Launches Air-gapped Hardware Wallet

Time Stamp: January 19, 2023 10:29 AM
  • 1inch Hardware Wallet was released publicly
  • The 1inch Hardware Wallet has no buttons and shares data using QR codes
  • The wallet features an E-Ink touch display and credit-card-size

The 1inch Hardware Wallet was released publicly on January 19. It’s a 1inch Network-exclusive hardware wallet created by the development team of 1inch.

1inch Network, a decentralized exchange (DEX) aggregator, is the most recent cryptocurrency platform to enter the hardware wallet business in response to the increase of self-custody.

To provide utmost security, the 1inch Hardware Wallet is completely air-gapped, meaning it has no direct internet connection and does not require a wired connection.

The waterproof cryptocurrency wallet features a Gorilla Glass 6 surface and a stainless steel frame. The device can charge wireless, and its Li-Po battery is designed to last approximately two weeks.

All data is shared using QR codes or NFC, according to 1inch, which also noted that the 1inch Hardware Wallet has no buttons. The forthcoming hardware wallet is the size of a credit card and features a 2.7-inch grayscale E-Ink touch display.

In other news, the number of people who owned cryptocurrencies worldwide climbed by 39% in 2022, going from 306 million in January to 425 million in December. The growth included ownership of Bitcoin (BTC) increasing by 20%, from 183 million in January to 219 million in December (52% of global cryptocurrency owners). 

On the other hand, the ownership of Ethereum (ETH) increased by 263%, from 24 million in January to 87 million in December (20% of global cryptocurrency owners). The Merge was the primary factor contributing to the rapid increase in the number of people using Ethereum.

Tags: BitcoinCrypto marketcryptocurrencyETH

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José is a crypto enthusiast who trades crypto night and day. He loves to share his trading stories and experiences in all his published articles. José likes to hang out and travel to meet new friends. Enjoys sushi, vodka, and tequila.

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