Satoshi Labs announced that the beta version for the Trezor One and Trezor Model T is now available. Altcoiners will receive support by selecting the regular firmware for other cryptocurrencies.

The manufacturer of cryptocurrency cold wallets SatoshiLabs, company behind the Trezor brand, reported that the beta version of its firmware is only available for Bitcoin. Thus, it establishes a new logical program to reconfigure the way in which each device that uses the update is controlled.

The personalization of the wallet, in its Trezor One and Trezor Model T versions, is said to be oriented toward the main cryptocurrency in the market and the launch of its consolidated version is expected by October.

SatoshiLabs noted that the new version, of both the firmware and the wallet, was conceived and designed for all those users supporting the idea of Bitcoin as the only cryptocurrency, that is, to meet Bitcoin maximalists’ demand.

The wallet interface can only be enjoyed with Bitcoin, since all the Trezor One and the Model T features are available only for this cryptocurrency. The company said that it will continue offering support to altcoiners through its regular firmware version.

In its account on the Reddit platform, SatoshiLabs answered many questions from its users. Among them, some asked about the benefit of using a Trezor only for Bitcoin and some others about the risk of losing cryptocurrencies after installing the beta version.

The manufacturer answered that the users do not need to restore the seeds and that there is no risk of losing Bitcoins. SatoshiLabs explained that it was just that the beta wallet contains features particular to Bitcoin, like hiding the currency selector. It further indicated that users can switch between the traditional firmware and the Bitcoin-only firmware as often as they want.

Before installing the program, it is recommended to test the words recovery seeds. The company added that, after installing the Bitcoin-only firmware, all other cryptocurrencies will disappear from the wallet interface whilst the private keys of the altcoins will remain protected within the Trezor. As they explain, the firmware can be exchanged on the device as many times as necessary.

In the computer world, a firmware is nothing but a program with basic instructions that allows handling a certain device. This program can be stored in the ROM memory or another type of storage medium inside the electronic device.

Installation Process

To install the Bitcoin firmware, SatoshiLabs explains that there are two methods for its implementation: using the Trezor wallet or through the trezorctl commands (for advanced users), a tool written in Python language that can be used with the device.

In the first case, the user has to connect the wallet to the computer and visit the website to download the firmware’s beta version. If using the Model T, it must be checked if the firmware is updated to a version higher than 2.1.0.

Then, it is necessary to write “custom_firmware” after the device identifier in the web address (URL), download the file and select “choose file” for the uploading process. At this point, the wallet will require that the updating process be started.

For the second scenario, the user must download the file corresponding to the wallet model, place the device in bootloader mode, and confirm the connection in the wallet.

This announcement of SatoshiLabs comes just a few days after that of a new security system enabled to recover private keys.

By Willmen Blanco


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