Its More Than Hardware Wallet

in #cryptoworkplace6 years ago (edited)

All cryptocurrencies enthusiast know what is a Trezor, Nano Ledger and many more. For those who dont know what hardware wallet, hardware wallet is a special type of bitcoin and another platforms wallet which stores the user's private keys in a secure hardware device. They have major advantages over standard software wallets such as :

  • private keys are often stored in a protected area of a microcontroller, and cannot be transferred out of the device in plaintext
  • immune to computer viruses that steal from software wallets
  • can be used securely and interactively, private keys never need to touch potentially vulnerable software
    much of the time, the software is open source, allowing a user to validate the entire operation of the device
    #source: https://en.bitcoin.it/wiki/Hardware_wallet

And now coming a new kind of Hardware wallet thats have benefit more than conventional hardware wallet. It is not just a hardware wallet, it is a MIcro PC powered by Linux with built in Crypto Storage. Its called Crypto Work Place or known as CWP.

cwp1.png

This CWP is made by the produsen of uPC, uPC was born in 2009, and its first product is ARM ATMEL AT91RM9200, in 2010 they are produce second generation with bigger RAM. in 2011 they develop third generation with capability as an medical database as a part of the automated health monitoring system. In 2012 wifi is added. In 2015 Debian an Android as it operating system. And in 2016 a battery backup capability is added. And now they are produce CWP.

cwp2.png

How does CWP work ? The program are executed in environment isolated from the computer donor, user data are encrypted on the device (by user choice). The Micro-PC is not only a crypto wallet, but a cryptocomputer with more functionality, including the crypto wallets too.

The beauty of the situation is that they do not compete with crypto wallets. Their main goal is not only secure key storage. They achieve this automatically by using the hardware architecture of the device. They want to give people the opportunity to use smart contracts using a portable secure gadget that will simplify many procedures that previously caused a lot of unnecessary work and unnecessary helpers.

Most of the team members are from Russia, some from Japan and the Czech Republic. Some team members worked together in the same companies, some in different, they have a big team. The main developers have many certificates in their competencies, you can read about this both on their website in the Team section, and in the profiles of team members in social networks. The team has development assistants from different countries, such as the USA and Germany, Embedded developers have helpers from China. There are projects in which developers worked together, one of such recent projects is Quinta. This is a system of recognition of musical works, similar to Shazam, but intended for state bodies that control the observance of copyright in the public scoring of musical works. The result of collaboration was the prototype of the system and several patents for the invention. The system was based on AI and showed results exceeding the main characteristics of Shazam.

There is three kinds of CWP, Additional information about use cases.

  • CWP DUO operation of two CWPs linked by a smart contract
    The product provides the client with the purchase of real estate, yacht or other expensive goods remotely using a smart contract through his agent. The client connects the CWP, authorizes, forms an order to the agent, confirms the transaction. The agent turns on the CWP, authorizes, accepts the executed smart contract for execution with the client's authorization.

  • CWP CORP a set for corporate clients
    Mobile employees receive CWP instead of laptops that are managed by corporate security policies through smart contracts.

  • CWP LIGHT working in Wi-Fi router mode with additional computational load for launching the node.
    Allows owners of cafes and restaurants due to easy mining to recoup the costs of the Internet provided to the clients.

for further information please click the link below
Visit Website
Read Whitepaper

This article made for Crypto Work by awi44

Sort:  

Source 1
Source 2

Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.

Spam is discouraged by the community, and may result in action from the cheetah bot.

More information and tips on sharing content.

If you believe this comment is in error, please contact us in #disputes on Discord

thanks for your attentions, this is an explanation of a project of CWP, some of the word is taken by its statement/announcement

and the source of hardware wallet was added, thanks