10 June 2022

by Glenn Kaonang

Leading Memory Supplier KINGMAX Debuts Crypto Hardware Wallet

Unlike most crypto hardware wallets, KINGMAX’s hardware wallet doesn’t seem to sacrifice convenience for security

The burgeoning crypto market has once again claimed the participation of a major player in the tech industry. KINGMAX, a world-renowned professional supplier of memory products, recently debuted a sophisticated cryptocurrency hardware wallet dubbed SecSycript Card X1. It comes at times when the crypto space is being scrutinized over several scams and hacking cases.

Hardware wallet, or cold wallet, is generally known to be more secure than the software counterpart. Since all crypto assets are stored offline in a hardware wallet, it makes it more difficult for attackers to get unrestricted access without actually being physically near the device. Moreover, the offline nature of a hardware wallet is also suitable for a wide range of corporate or individual applications in different settings, like electronic signing of smart contracts for example.

Hardware wallet usually comes in a form resembling USB drives, but KINGMAX is taking a different approach with SecSycript Card X1. As the name suggests, it looks more like a card than a flash drive. It’s claimed to be as light and slim as a credit card, even though it carries an embedded ultrathin lithium battery that can run for 2–3 weeks per charge, depending on how frequently you use the device. Charging it requires a proprietary USB charger, but at least users don’t need to do it every single day.

High level of protection is provided by a Common Criteria Evaluation Assurance Level (CC EAL) 6+ certified chip embedded inside. On top of that, KINGMAX’s hardware wallet also adopts Bluetooth 5.0 connection in conjunction with a proprietary smartphone app that works on both iOS and Android. This extra layer of security is designed to further minimize the risk of hacker interception without undermining user convenience.

Another interesting part of the device comes in the form of small e-paper display. This can be used to display relevant information that further improves security, such as transaction hash suffix, thereby warding off potential hacker alteration of account numbers, or even theft of digital signatures. It can also show a QR code to help streamline transaction processes.

SecSycript Card X1 can be used to store virtually all the most traded cryptocurrencies: BTC, ETH, BNB, USDT, XRP, DOGE, LTC, and more that will supported over time. The companion app also comes with a built-in DApp browser that can connect the wallet to various DApps on Ethereum and Binance Smart Chain, making it a reliable option to be used with NFTs.

Choosing hardware wallets over software wallets usually means trading convenience for security. KINGMAX’s hardware wallet seems to be able to provide great level of protection without compromising ease of use. Unfortunately, so far there is no info on its availability.

Source: TechPowerUp.