Hardware wallet

Discussion in 'Development' started by Cyg, May 12, 2017.

  1. Cyg

    Cyg Beta Testers

    Is something being worked on here for hardware wallet support?

    Will RDX be easily supported in current hardware wallet devices via an update or is it more complicated?

    Thanks!
     
  2. Peachy

    Peachy Founders Staff Member

    How much simpler of a hardware wallet can you get than to create your own debit card (for around $20 you can get the equipment yourself) and then immediately begin using it on existing point of sale terminals that you already use for visa/mc? You can also make cards for friends/family.
     
    junsha and Lloyd like this.
  3. Anima

    Anima Founders Staff Member

    As posted somewhere else in the forum.. :)

     
    skywave and Lloyd like this.
  4. Cyg

    Cyg Beta Testers

    Didn't think of the implications of RDX and its native use of debit cards in this manner.

    Makes sense.

    Thanks for posting the video too.

    What about someone that wishes to keep their savings account on radix? Would the best option be to send a large amounts to a debit card as a sort of paper (plastic!) wallet equivalent? Or can the debit card be setup as the hardware security layer for the movement of funds (even more useful)? Is that how it is intended to be?
     
  5. Fuserleer

    Fuserleer Radix Founder Staff Member

    The card is absolutely intended to be used in this manner too.

    You can take security of the funds a step further and create the card "savings" account as a multi-sig.

    A simple example being you need two signatures to move funds. One signature from your daily wallet that put the funds on the card in the first place and one from the card itself.

    That should provide a pretty secure environment for "savings" as just the card, or your daily wallet isn't enough...you need both (and the card PHYSICALLY)!
     
  6. Cyg

    Cyg Beta Testers

    Awesome. That is exactly how I was picturing it.
     
  7. Jazzer

    Jazzer The Dutch connection Staff Member

    Don't lose/break that card though. ;)

    In all seriousness, the cards are awesome. You can simply generate your own at minimal effort straight from the client. They function just like a debit card would if your merchant's PoS terminal has been loaded with the right software. It just takes real life crypto payments to the next level from an end-user perspective. I've payed for a beer with BTC once, that was clumsy as f*ck. And then the waiting for confirmations only just begins, so from the merchant's perspective it isn't even totally secure.
     
    skywave and junsha like this.
  8. Gedke

    Gedke Beta Testers

    Anyway an app to support Ledger wallet I don't think it's bad.
     

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