Spil the price of bitcoin proceeds to rise, cold storage solutions like hardware and paper wallets are becoming more popular every day. One bitcoin voorstander from Japan, Joel Den Jesus, the founder of E-Flamingo GK has built a plug-in-play cold storage solution called the “K-7” which aims to make offline paper wallet creation more accessible for ordinary people.
Paper Wallet Printer K-7 Aims to Suggest Financial Independence
Longtime bitcoin enthusiast Joel Den Jesus from Mikasa, Japan wants people to create offline bitcoin paper wallet storage from huis. Den Jesus explains the K-7 printer wasgoed designed to enable people to generate bitcoin paper wallets ter a more simplified style. The creator noticed when working te an office setting that his co-workers were very convenient using copy machines, fax machines, and printers. Observing this relationship with devices, Den Jesus desired to create a implement that could work more fluidly with offline bitcoin paper wallet generation, so he designed the K-7.
The creator of the K-7 claims the device never connects to the internet suggesting a far safer way to treat bitcoin. According to the developer, gegevens only moves ter and out of the K-7 via QR codes. Users simply create a root password which enables the generation of both a “checking and savings account” paper wallets.
“The K-7 aims to give people the means of financial independence with no banks, no third parties — Control your money your way,” explains Den Jesus’s K-7 Indiegogo campaign . “After the 2008 financial depressie, many people have learned that counting on banks, the stock market, or governments for help is not good enough.”
The Capability to Store Bitcoin at Huis Like Gold or Jewelry
The machine’s creator details the device presently has a warranty for products shipped to the U.S. or Japan. The offline paper wallet software also includes a custom-built bitcoin testnet and faucet so users can proef with the machine without using real funds. Den Jesus’s Github repository is available for public view, and the device prototypes have bot developed and trialed since 2014. The developer details the device software is centered around the single houtvezelplaat pc Raspberry Pi and contains a “heavily modified Raspbian Jessie” operating system. Ter the future, Den Jesus plans to add Monero and Bitcoin Specie support to the K-7 operating system spil well.
“The problem up till recently has bot the dearth of options available to beginners to actually buy bitcoin, withdraw it from an exchange, and store it at huis spil one would do for gold or jewelry,” explains Den Jesus’s campaign.
Instead of fiddling around with private keys, seeds, or thumb drives, the user just scans some QR codes back and forward inbetween the K-7 and a complementary Android phone app to spend money out of “Savings”. “Checking” money can be spent from a brainy phone app (i.e. Breadwallet), for convenience.
The K-7 has had many prototypes since 2014.
A Portable Bitcoin ATM and the K-7’s Competition
The latest K-7 prototype wasgoed launched last month, and the creator has created a diversity Youtube tutorials and descriptions. Additionally, the K-7’s user interface has a multi-lingual touch screen, and the device also comes with a full-color manual with proces instructions. Lastly, the machine can be used to create a bitcoin ATM business if the user’s country permits this type of money transmission.
The K-7 also has a competitor, spil there already is a bitcoin paper wallet device on the market called Piper . Similarly to Den Jesus’s machine, the Piper wallet also claims to generate secure private keys offline, and the plug-in-play device is also customizable.
What do you think about the K-7 paper wallet huis printer? Let us know te the comments below.
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Pics via Shutterstock, Linkedin, E-Flamingo GK, and Indiegogo.