Programmer Stefan Thomas has a big problem after he got in 2011, more than 7000 new malformed currencies called Bitcoin, which he hid in a digital wallet and often forgot it, but years later, the value of that bitcoin coin reached nearly $ 400 million, and unfortunately Thomas lost The password for that wallet is long gone – now only two attempts are left to unlock the wallet before the encryption inside wipes everything out, including Thomas’s $ 400 million profit.
As it turns out, Thomas’s problem is not unique, and Cryptocurrency Company Chainalysis estimates that about 20 percent of the current 18.5 million Bitcoins – valued at nearly $ 140 billion – are in lost or stranded digital wallets.
This comes as TheNextWeb revealed the D’CENT Biometric Crypto Hardware Wallet, the world’s most secure encryption device, using your fingerprints to store your digital currency and access it securely.
The D’CENT Biometric Crypto Hardware Wallet ($ 105 after code WALLET14 from TNW Deals) is the first hardware wallet to protect cryptocurrencies with biometrics … so no one will ever lose a fortune with a password again.
According to the report, D’CENT is not actually holding the digital currency itself. It holds the keys to the very important public and private transactions that actually give a cryptocurrency like Bitcoin its value.
No larger than a garage door remote control, this Bluetooth and USB-connected wallet is the world’s most advanced encrypted hardware wallet, employing Multi-IC architecture to enforce extremely stringent security on the contents of your wallet.
But instead of entering passwords and codes to access transactional keys, D’CENT is the first device of its kind to read your fingerprint instead. This ensures that you, and only you, can access and use your money. Even if someone chooses and exits D’CENT’s $ 400 million wallet, they will never be able to get access to the funds in your account without your fingerprint.
Unlike other devices that make you do all your transactions through an app, D’CENT actually has its own large OLED screen, which gives you a complete view of your accounts and recent transactions, right from the device.
In terms of compatibility, D’CENT plays in the major tournaments and is able to hold and secure all of the world’s most popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Litecoin, XRP, Ethereum, ERC20 and many more with new additions regularly.