Trezoro: Trezor for Monero - The basics
cryptocurrency·@dnaleor·
0.000 HBDTrezoro: Trezor for Monero - The basics
<html> <p>I created a tutorial video for installing, configuring and managing Monero on Trezor:<br> <a href="http://bit.ly/trezoro">http://bit.ly/trezoro </a>(Youtube video)<br> <br> You can buy a Trezor here: <a href="https://buytrezor.com/?a=2c001ae7165c">https://buytrezor.com/?a=2c001ae7165c</a><br> <br> ---<br> <br> The Monero core team member NoodleDoodle recently released <a href="https://forum.getmonero.org/4/academic-and-technical/2495/experimental-trezor-firmware-testing">Firmware</a> for Monero integration with a Trezor hardware wallet. It's still a beta so it’s not recommended to store large amounts of moneroj on it. I decided to give it a try so I could help to test this awesome piece of software.<br> <br> First some background on what a Bitcoin Trezor is and why it is useful:<br> <br> What a Trezor does is making it safe to use cryptocurrencies.<br> <br> A lot of bitcoins are lost because people are hacked. When a hacker gets access to you private keys, he can steal your money. Some people don’t want to take the risk to store their crypto themselves, so they leave it on the exchange. But that is also a big risk (do I need to remind you about Mt. Gox?)<br> <br> This is the reason why in 2014 the guys from <a href="http://satoshilabs.com/">Satoshi Labs</a> started selling the first ever Bitcoin hardware wallets. A Trezor locks your private keys inside the device. After initialization, it’s impossible to extract the private keys from the Trezor, so your bitcoins are stored securely. They designed a protocol that makes it possible to communicate with your Trezor device securely.<br> <br> <img src="http://weuse.cash/wp-content/uploads/2016/03/Screenshot-from-2016-03-07-195437-624x313.png" width="624" height="313"/></p> <p><br> When you create a bitcoin transaction in your Trezor compatible Bitcoin client (for example <a href="https://electrum.org/#home">Electrum</a> or <a href="http://mytrezor.com/">MyTrezor.com</a>) you send an unsigned (“raw”) transaction to your Trezor device. The Trezor will show the transaction details on his screen and you need to manually approve your transaction by pressing a button on your Trezor. When you confirmed the transaction by pressing the button, your transaction is signed by the private key that is locked away in your Trezor and then is sent back to you client. The client then broadcasts your signed transaction to the Bitcoin network.<br> <br> You can read more on the Trezor for Monero in my blog article:<br> <a href="http://weuse.cash/2016/03/07/trezor-for-monero-first-impressions/">http://weuse.cash/2016/03/07/trezor-for-monero-first-impressions/</a><br> </p> <p><img src="http://weuse.cash/wp-content/uploads/2016/03/2016-03-08-134148-175x300.jpg" width="175" height="300"/><img src="http://weuse.cash/wp-content/uploads/2016/03/monerotrezor1-156x300.jpg" width="156" height="300"/><img src="http://weuse.cash/wp-content/uploads/2016/03/monerotrezor2-165x300.jpg" width="165" height="300"/></p> <p><br></p> <p>PS: @steemit devs, please fix the embedded Youtube video's. I wasn't able to post this article when I tried to post the youtube video directly. I got the error "Missing posting authority"</p> </html>
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