Satoshi Labs Trezor Model T Bitcoin Hardware Wallet

Czech Republic’s Satoshi Labs just launched a new hardware wallet called the Model T. The first batch of hard wallets are now available to pre-order.

Satoshi Labs is best-known for making the Trezor lineup of hardware wallets. This latest device is a Trezor 2, but a new version under the name Model T. To be clear, the Model T is an entirely new device. However, it secures digital assets just like previous versions of the Trezor wallet.

There are some big differences between the Model T and previous Trezor hardware wallets. The most noticeable difference is the Model T’s RGB LC touchscreen display. Located on the front of the device, that display allows users to input a PIN to access the device. The display uses an RM Cortex M4 processor.

The Model T is also unique in the way it communicates with the computer. The Model T does not communicate with the computer when you input your PIN. Plus, it only draws power until you confirm entry.

“USB communications are enabled only after authentication,” explains Satoshi Labs.

When you plug the device into your computer, the screen lights up and awaits your input. The Model T connects to your computer using a USB-C port. Inside, there’s a microSD that gives the Model T advanced features.

The Model T is backed up with a 12 word phrase accessible through any BIP32/39/44 HD wallet.

The Model T supports more than just bitcoin: Satoshi Labs has announced that the device will support eight different cryptocurrencies, with more cryptocurrencies added in the near future.

Developers can review the Model T’s code online at Github. It’s built on similar Trezor Core software, although several changes have been made for the Model T version. In fact, Satoshi Labs claims they created the new firmware from scratch:

“When we developed this new firmware, we leveraged from all the past experiences we have earned while working on different projects, including the original Trezor One,” said the Satoshi Labs team in a statement to Bitcoin.com. “Continuing our tradition and faith in open-source code, Trezor Core is also open-source, available for review and adaptation.”

You’ll pay €139 for the first batch of Model Ts. You can also purchase the device with bitcoin. The initial batch of 3000 Model Ts is scheduled to ship in January 2018. The next batch will be priced slightly higher, at €149 per unit.

You can preorder the new Trezor here. As of November 3, 2017, about 400 wallets were remaining in the batch.

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