Global digital asset exchange, Gate.io, announced the launch of its hardware wallet, Wallet S1, to help users with their assets and private keys’ safety, security and storage.
Gate.io launched professional hardware wallet, called Wallet S1, to offer users who don’t have the expertise to store their private keys safely. The new wallet is a private key safekeeping solution for funds. Wallet S1 is an easy to use built-in display with fingerprint recognition that supports secure storage for over 10,000 mainstream digital assets, including BTC, ETH and EOS, among other cryptocurrencies.
With DeFi strengthening its position, asset security is important part of the decentralized finance world. Users storing their assets and holding their private keys are not limited to restrictions imposed by a centralized platform, losing professional custody and security services. Wallet S1 provides a robust security mechanism allowing users to own their private keys without worrying about fund safety.
Wallet S1 comes in a small portable size and it is easy to sue. Users can synchronize their laptop or mobile device with its fingerprint functionality, with the hardware wallet to authorize transactions just with their fingerprint.
Wallet S1 highly secure. The private key is locked in the hardware itself, safely away from the internet, and it makes it more convenient in signature signing when the user makes a daily use transfer. It is the first hardware wallet with a world-leading fingerprint recognition algorithm which can auto initialize when detecting brute-force attack.
Gate.io considers the Wallet S1 to be a foundational part of their public blockchain, GateChain. The exchange is also exploring the more widespread use in the DeFi field with its GateChain DeFi network. For enterprise-grade use cases, Wallet S1 can be combined with GateChain’s Vault address to achieve better safety for large scale asset storage as a business or financial institution. Wallet S1 hardware can also be used with wallet.io pro
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.