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Cryptocurrency Hardware Wallet KeepKey Launches Native ERC20 Token Support

Tech Gist Africa by Tech Gist Africa
06/10/2018
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Cryptocurrency Hardware Wallet KeepKey Launches Native ERC20 Token Support
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Cryptocurrency Company, KeepKey, has launched native support for ERC20 tokens, now allowing users to send, receive and exchange between 30 ERC20 tokens including Augur, Bancor, Numeraire, and District0x, directly on their KeepKey device. Through its native ERC20 token support, KeepKey users can create and view raw transactions directly on the device without connecting to a third-party.

KeepKey’s allows the device to display the specific token name, token amount, destination address and total gas cost for the transaction before signing. These security features are unique to the KeepKey hardware wallet device.

KeepKey CTO, Ken Hodler noted that, “KeepKey’s large screen was designed to display transaction details in a clear and legible manner. We utilized our screen size for users to see every aspect of their ERC-20 token transactions prior to signing, allowing users to transfer their tokens without having to trust anyone else.”

ERC-20 tokens are built within the Ethereum ecosystem. All tokens apply a common set of rules and protocols and have been markedly utilized for fundraising of Initial Coin Offerings (ICOs).

Founded in 2014, KeepKey allows users to hold Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash and Dogecoin. Following this addition of ERC-20 tokens, KeepKey’s robust roadmap for 2018 includes the addition of many more top market cap tokens as well as commonly requested feature updates.

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