Bitcoin is likely the greatest innovation of the 21st century. It is the most ideal financial asset that encapsulates technological innovation and store of wealth with a myriad of benefits for every individual and society as a whole. Individuals are able to store and grow their wealth in an ultra secure network that is orders of magnitude more advanced than the security of any financial institution while providing the pinnacle in privacy and wealth protection that beats the most reputable Swiss banks. The block chain technology that is the backbone of Bitcoin is a fully self sustaining network that offers protection from inflation of fiat currencies and other assets and will ultimately enable billions of people to participate in the global economy who currently have no access to banking. The fully decentralized and self sustaining nature of Bitcoin makes it the most protected and secure financial instrument. This is all just the beginning and the blockchain technology pioneered by Bitcoin has unleashed a new era of applications that will change life as we know it.
The Bitfi hardware wallet is a logical and eventual progression within the emerging decentralized digital asset economy. It is the result of years of painstaking research and development to provide the last word in security along with an interface that is exceptionally easy to use – the way blockchain was meant to be. This is the kind of mature technology that is needed for adoption to accelerate and enable everyone to participate.
Indeed the Bitfi wallet is the final and ultimate solution for storing crypto-currencies and crypto assets. It is so remarkably simple to use that anyone who can merely send an email can now safely store and send millions of dollars without any apprehension or doubt over security. And while it is so deceptively easy to use, it contains numerous groundbreaking technological advancements in encryption technology.
The greatest challenge for all devices to insure the secure storage of crypto-currencies and crypto-assets is to make sure that private keys are at all times protected from exposure. The Bitfi hardware wallet solves this security problem once and for all in the most elegant way possible – the private keys are simply not stored anywhere, ever. This is another layer of security that goes beyond keeping the private key outside the computer environment or from devices with internet access. So even if your Bitfi hardware wallet is seized or stolen, there is nothing that anyone can do to extract the private keys because they are not on the device in the first place.
This is a giant leap forward and surpasses the security of paper wallets and even the most sophisticated forms of cold storage. To demonstrate this, let’s compare the Bitfi Wallet against a cold storage computer (“air gapped” computer that has never been connected to the internet).