Security Lies in the Balance as Blockchain’s LockBox Wallet Uses the SWAP Crypto-to-Crypto Brokerage

Colleagues, does the global cryptosphere truly need another hardware wallet? The CEO of Blockchain clearly believes the answer is yes, indeed. The firm has announced plans to begin shipping its new LockBox device this November. LockBox’s distinguishing features is that it enables the exchange between different cryptocurrencies in partnership with SWAP brokerage. The value proposition is that traders can exchange Bitcoin for Ethereum, XRP for LiteCoin, Ripple for Ether … you get the idea. Two key factors will determine the success of LockBox. First is the Total Addressable Market from “crypto-to-crypto” transfers. With a global market cap of some $209B we anticipate that roughly 10% of crypto traders will need to make such a transfer during their financial careers. Second is the infamous security challenge – how secure is the hardware wallet when connected to the Internet as well as the security of LockBox’s interface with the SWAP brokerage when making transactions. Our recommendation: Proceed with caution. Post a comment while visiting us today! Lawrence – Cyber Security Defender (https://cybersecuritydefender.blogspot.com/)