Satoshi Labs Launches Trezor Wallet Desktop App With Enhanced Privacy & Security
Trezor, the non-custodial crypto wallet provider, introduced a new desktop app dubbed ‘Trezor Suite’ for its hardware wallet. Satoshi Labs, the parent company behind this project, announced the development on Oct 14, noting that Trezor Suite will be available in public beta until January next year.
The blog highlights that Trezor Suite features advanced functionalities and improvements in its network’s privacy, usability, and security. This newly launched app is currently available as a browser app and standalone program, with the mobile app release scheduled for next year.
Trezor claims its Suite solution will eliminate security threats that come in the form of phishing attacks since it operates off a browser,
“A desktop app provides more robust protection and reduces the number of mistakes or exploits that could result in someone losing their keys or coins.”
Trezor Suite will unify the experience across multiple operating systems, making it seamless for users to manage Bitcoin and other popular altcoins supported within its wallet. The desktop app will also feature UI upgrades and includes new tools designed to increase the security and ease of using Trezor wallet. According to the announcement, Trezor Suite is set to integrate additional features in the near future,
“The principled approach to Trezor Suite’s design makes it possible to integrate more sophisticated features without having to compromise in any key areas.”
Trezor informed its clients that they can now use the desktop beta app to prepare for the stable version set for 2021. It cautioned that there might be some bugs in the process, given it is still in beta mode; however, users don’t have to upgrade to Trezor Suite if they are not willing at the moment. An automatic redirect to Trezor Suite and download will be triggered when the stable version launches.
While Trezor Suite may present a better value proposition in terms of security, the time has shown that hackers will do the most to compromise unsuspecting crypto users. Hardware wallets like Ledger and Electrum have previously been targeted; Trezor wallets, on the hand, per insights from Kraken Security Labs, could be compromised within 15 minutes of hackers physically accessing the device due to a critical bug that has now been fixed.