December 12, 2018

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Archos launches cryptocurrency hardware wallet

by Stuart Wilson, Friday 23 February 2018

Archos Safe-T mini
Archos Safe-T mini

Archos will offer cryptocurrency enthusiasts a hardware wallet to secure their bitcoins and other currencies, to ensure cold storage of private keys and to prevent hacking attempts. The Archos Safe-T mini will be available starting June 2018, at €49.99 (US$61.53).

The Archos Safe-T mini is the first development of the Archos research and development team in this field. The team provided its expertise in securing cold storage data, and in designing and developing the Archos Safe-T mini. To ensure the process traceability, the device will be manufactured in France.

The Archos Safe-T Mini main security specifications include generating and storing a private key on the wallet offline and preventing hackers from gaining access to the private key while online; and executing all crypto operations on the device offline.

The wallet embeds a screen to display transaction information to let the holder check the transaction details before signing, for security. There is no way for hackers to modify transactions unnoticed. It also restrictively requires manufacturer software on the device while requesting the set-up of a PIN code to ensure that only the owner can access and use it.

Archos Safe-T mini connects easily to a computer or a mobile device using a micro USB cable. Having set the required 4 to 9-digit PIN password, it generates and safely stores a private key. Every transaction is displayed on the screen and must be physically approved using the buttons of the wallet. It allows managing the sending and receiving of coins from other wallets in a very simple way. In case the hardware wallet is broken, lost or stolen, the holder benefits from a back-up thanks to the recovery seed key.

The Archos Safe-T mini is compatible with the following softwares: Electrum, MyCrypto,GreenAddress/Greenbits and Mycelium. It supports Bitcoin, Bitcoin Cash, Dash, Litecoin, Zcash, and Ethereum with more to come, according to the vendor.

Archos has elected DomRaider Group as its first partner. The two French companies will promote the Archos Safe-T mini to the DomRaider community. DomRaider Group has recently completed its highly successful ICO campaign exceeding the target by selling 560 million tokens to contributors around the world. DomRaider Group introduced Auctionity, its blockchain to decentralise and to secure auctions on a worldwide scale, using its DomRaider Token (DRT) as a payment guarantee.

Archos and DomRaider Group will launch a co-branded version of the Archos Safe-T mini.

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