Foundation Devices Launches New Bitcoin Hardware Wallet
Foundation Devices, Inc. has unveiled its new Bitcoin hardware wallet, Passport Batch 2, a slimmer and cheaper update to its previous Passport Founder’s Edition.
The company also announced a new Bitcoin mobile wallet, Envoy, which serves as a companion app to the Passport allowing for a more seamless experience in setting up and updating the hardware wallet.
“In light of recent events around the world, sovereignty and privacy are more important than ever,” Zach Herbert, co-founder and CEO of the Foundation, said in a statement sent to Bitcoin Magazine. “At Foundation, we strive to make sovereignty accessible to everyone. I’m excited to announce Passport Batch 2 and its companion app, Envoy, which will make Bitcoin sovereignty more accessible than ever.
The Foundation said in a blog post that the Passport Batch 2 features a scratch-resistant, high-resolution IPS color display, standard form-factor removable lithium-ion battery, USB-C port to power-only, meaning it doesn’t transfer any data, a physical power button, and an improved microSD card slot.
While Passport brings an all-new design, its underlying security retains the mechanics of last year. Batch 2 Passport uses a fast STM processor, a Microchip 608a secure element, an Omnivision cameracube and an avalanche noise source for entropy, the Foundation said. Passport hardware and firmware are open source “copyleft”, which means that derivative works are permitted but must use the same license as the original work.
Passport’s companion app, Envoy, leverages Spiral’s bitcoin development kit to provide an intuitive user experience, Foundation said. Besides offering a simple bitcoin wallet, the app helps the user more easily set up their Passport device, keeps it up to date with firmware updates without the need for a computer, and provides quick access to resources. assistance. Envoy is also open source copyright left (GPLv3).
However, Envoy will not bring coin control at launch, an important privacy feature that allows the user to select which UTXOs they wish to use in a transaction. Although the Foundation has stated that it intends to activate it in the future, Herbert said Bitcoin Magazine the company currently has “no set dates for specific features at this time.”
Envoy primarily communicates with Passport in isolation via QR codes, while it interfaces with the Bitcoin network and Foundation servers via Tor by default. The user can configure Envoy to use their own Bitcoin node. The app also downloads necessary firmware updates which can be transferred and installed in Passport via microSD card.
“We designed Passport to be completely isolated, with no wireless communication of any kind. This ensures maximum security,” Herbert said. Bitcoin Magazine. “We are considering wireless technologies like NFC for future products.”
Passport Batch 2 retails for $199 and will ship from April with an industrial-grade microSD card, removable lithium-ion battery, microSD adapters for iOS and Android, and USB-C charging cable.
UPDATE (March 10, 2022 – 3:07 p.m. TST): Added Foundation CEO comments.