Bitcoin hardware wallet - Digital BitboxsteemCreated with Sketch.

in #bitcoin7 years ago

 I recently purchased a Bitcoin hardware wallet from Digital Bitbox.

https://digitalbitbox.com/

I thought I would give an overview of my experience with it.

Hardware

The device looks exactly like a USB flash drive. It isn't until connected to a computer that anyone would know the difference. I consider this a huge plus if a user is trying to hide this device among other misc electronics in your luggage or otherwise. Once a wallet is created it can be backed up onto an inserted micro SD card. This would help if the device itself is destroyed. Can just connect this SD card into a new device and recover the old wallet. Wallet creation/removal along with sending Bitcoin requires the user to physically be with the device at that time. This is done with a light sensor on top of the device that functions as a push button. I like this over a mechanical button because this should be more durable long term.

Software

User connects the device and launches the software which immediately prompts for a password before any balance information is displayed. Once logged on a user can send and receive as would be expected. Transaction history information mostly just points to online services that track how a given transaction is doing. Software doesn't do any transaction validation of its own. Unfortunately there is only some minor controls over transaction fees.  What is a standard fee? Don't know until after the transaction has gone through. This also makes sending a complete balance difficult. This caused me to now have a very small amount of Bitcoin essentially stuck on a device.

Overall Thoughts

I really love the hardware design but feel the software is still lacking. Hopefully there are some updates soon but I don't know if there are active developers or not. The code is all open source so maybe some generous people out there could fix these issues.

Sort:  

Congratulations @spenzoar! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes
Award for the number of upvotes received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @spenzoar! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Thanks for bitcoin suggestion.

Coin Marketplace

STEEM 0.22
TRX 0.20
JST 0.035
BTC 91483.13
ETH 3152.10
USDT 1.00
SBD 3.10