Veronica Wong, the CEO and co-founder of SafePal — a crypto hardware wallet maker backed by Binance — told Cointelegraph that her firm hadn’t faced a shortage that would demand an in-house chip-making unit.
“For crypto wallets, user security should always be a top priority, and we would only be compelled to produce our own chips if none of the existing chips satisfies our security requirement levels.” Trezor’s Uherík said the best option combines both practices — using mass-produced chips and making in-house solutions. He added that taking control of part of the chip process offers the firm greater flexibility and ensures stable prices and the continuous availability of products.
Jonathan Zeppettin, strategy lead at the blockchain-based cryptocurrency ecosystem, Decred, told Cointelegraph that the move makes sense for Trezor, as Tropic Square — a startup backed by SatoshiLabs, the company behind Trezor — designed its own secure chip, the TROPIC01.
Trezor announced on Feb. 27 that it would begin producing the chip wrapper, a crucial component for the Trezor Model T — its flagship device. The move will reportedly cut the supply cycle lead times from two years to a few months in the production of Trezor wallets.
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