What is Proof Of Work Vs. Proof Of Stake | How Does It Work? If you spend enough time in the crypto-community and you’ll witness debates over Proof of Work (PoW) and Proof of Stake (PoS). Fans of PoW will argue that it’s the transaction system Satoshi Nakamoto had in mind for cryptocurrencies. Those in favor of PoS, on the other hand, will argue that mining is outdated, inefficient, and insecure compared to staking.
So you might be wondering, what’s the difference, is one actually better than the other, and why is it better? Well like most things here at Bitcoin Lockup, I am not here to give you my unsolicited opinions, but we are here to give you some objective information that might help you determine for yourself which proof has best proven its worth.
Proof Of Work Vs. Proof Of Stake | How Does It Work?
PROOF OF WORK
When Satoshi Nakamoto created Bitcoin in 2008, he envisioned a currency that would rely on a trustless and distributed consensus system. This would allow Bitcoin to be decentralized both in technological and financial terms. For instance, when you transact money through a trusted system, a third-party (think banks, credit/debit cards, PayPal) handles these transactions in terms of debit and credit. If Mark sends Sally $100 dollars, the institution will debit Mark’s account $100 dollars and credit Sally with $100. All of the money is handled by and within the third party, so none of the transacted funds belong to either Mark nor Sally until they are withdrawn from the system.
Bitcoin differs from traditional financial hubs by being trustless. This is not to say you can’t trust Bitcoin and blockchain with your money. In fact, it’s quite the opposite. Bitcoin’s trustless nature allows for a peer-to-peer exchange without the need for a third-party mediator.
The traditional mediators are replaced with miners, and these miners work on behalf of Bitcoin holders to see that transaction are successfully processed. In order to see that these transactions are approved, miners commit their computer’s processing power to solve the encrypted algorithms within each transaction. This is what we mean by Proof of Work.
Under a Proof of Work system, miners compete to verify that all the transactions within the candidate block (the block currently being built) are legitimate. To do this, they must solve the encrypted puzzles that verify the integrity of the transacted coins. The first miner to solve these puzzles receives an amount of the transacted currency, also known as a block reward. Once the problem is solved, the transactions create a block that is stored as a public ledger on the blockchain, and the miner announces the solution to the entire network.
As you can see, PoW is dictated by competition and computational output. Imagine an international math competition wherein a previously unsolved proof (the block) is given to the competitors (the miners). Whoever solves this proof first is awarded a prize (block reward), and the solved proof is then posted on the internet for all to see (the block being established in the blockchain).
PROOF OF STAKE
Proof of Stake differs entirely from Proof of Work. Instead of building blocks through work output, the creator of a block is determined by their share, or stake, in a currency.
Under this system, forgers (the PoS equivalent of a miner) are chosen to build blocks based on their stake in a currency and the age of that stake within the blockchain’s network. For instance, let’s say you hold 500,000 Cardano. First of all, allow me to hypothetically congratulate you on your fat stacks. Getting back to the example, under the Proof of Stake system, you’d be more likely to create the candidate block than someone with 100,000 ADA.
To go even further, if you had been holding your 500,000 ADA in the same address for a year, you’d be more likely to generate the next block than someone who also has 500,000 ADA but who has been holding it in a network address for half a year.
To give you another analogy, imagine if your odds to win the lottery increased based on a) how much money you put into it and b) how long you had been buying tickets. Now, you won’t make millions of dollars by staking your favorite PoS currency, but you can make some nice passive income on top of your investment gains.
It’s important to note that, for a stake to be chosen, it must be held on an address within the coin’s network. So if you were holding Cardano like in the above example, you would need to store it in Cardano’s core wallet. There are also no block rewards in the PoS system. Seeing as there’s no work-centric incentive to outcompete other miners, forgers are only awarded transaction fees.
There’s also a marked difference between Delegated Proof of Stake and regular Proof of Stake, but that’s for another article at another date.
Proponents of PoW will tell you it allows crypto to more effectively function as a currency. The PoS model, they argue, incentivizes users to stake their coins for extended periods of time, thereby making them inactive.
PoS fans, however, will defend their system’s overall superiority. For starters, it solves the problem of energy consumption that Bitcoin has created. As more transactions and users are added to Bitcoin’s network, more computing power will be needed to accommodate growth. The more computing power that is added to the network, the more the hashrate increases in difficulty. With more difficulty comes an increase in the amount of work a computer must generate to generate blocks, and this increased output leads to greater energy consumption.
Bitcoin’s growth and mining difficulty are exponentially tied to energy consumption, and critics see this as an unsolvable issue under the PoW model. It’s the reason that Bitcoin’s network alone consumes more energy than 159 countries.
Proof of Stake also defends against 51% attacks on the blockchain. As we’ve seen with the recent Bitcoin Cash and Bitcoin civil war, disproportionate mining power can lead to de facto centralization of a blockchain’s network. In order to control a majority of a PoS blockchain, a validator would have to own 51% or more of that crypto’s overall supply. So in order for someone to attack Cardano’s blockchain, for instance, they would have to $609,286,157.643 worth of Cardano to do so. I really don’t see that happening.
Both PoS and PoW have their ups and downs, and I’ll be excited to see how the market responds to coins that utilize either system or a hybrid of both. One last thing to keep in mind for PoW, however, is that once all a currency’s coins are minted and circulated, block rewards will cease to exist. This may incentivize PoW coins to update to a PoS model, but only time will tell.
Still don’t have cold storage for your private keys? click HERE for the Ledger Nano S to hold all of the PoW and PoS coins discussed above!
What do you think? Do you think PoS will overtake PoW in popularity? Sound off below!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
In this post, I am going to cover how to spend bitcoin online and the five best places to do so in 2019. Not only am I going to show you how to spend bitcoin online, but more importantly, WHERE to spend bitcoin online. If you have never made a bitcoin transaction before, please review my earlier post that explains how to do this. As mass adoption starts snowballing, and we’ve already seen evidence of this by way of Whole Foods, and other major retailers coming on board to to accept cryptocurrency as payment, people are starting to look at where they can send their bitcoin and other cryptocurrencies.
I believe a fundamental component of making this global adoption happen quicker is letting people see how useful and easy it is to actually SPEND it as a currency. This is a life changing tool and is very easy to obtain for free, if you’re already shopping at these places and more using the Free Life Info App, and you can accumulate bitcoin AND get a discount at these retailers we will discuss below, but also thousands more. I will leave the in-depth review of this free bitcoin tool, HERE. Let’s get right into it!
#1 HOW TO SPEND BITCOIN ONLINE AT PURSE.IO (AMAZON ON TOP OF BITCOIN)
People always ask me, “Does Amazon accept bitcoin?” The short answer is yes and no. Amazon does not accept it directly, but there are a few chrome extensions where you can earn bitcoin and spend bitcoin in very small amounts by doing this via the Lightning Network, but that is still in it’s infancy. There is a much better way to get what you want on Amazon, AND you can also save up to 33% off the price.
How do you do this? It’s called Purse.io. This website I have used personally during the holiday season 2018 for several items, and it works great! How it works is when you visit the site, it looks very similar to amazon and it’s built on top of Amazon’s platform, but it has one key difference. You can pay in bitcoin!
This means that it IS Amazon, but it just looks different, as it’s a platform built on top of Amazon. The point of this is so that you can spend bitcoin or other cryptocurrencies for payment, and it pairs you up with an individual who has amazon store credit or gift cards, and wants to order these things on your behalf, and send them directly to you.
Of course, you have to verify and approve everything arrives and is acceptable to you first. At this point, you can release the bitcoin payment once you are satisfied with your order. It’s a really elegant solution that matches up people who want to convert their amazon credit to receive bitcoin in return and you get a discount for doing this. Pretty slick, and highly recommended.
Cheapair.com is a discounted airline affiliate site that helps you find the cheapest flights from all the top airlines and is built on top of major search engines like Trivago and Expedia. The difference is, this finds the cheapest flights and let’s you pay in bitcoin directly to book your flight. This is really exciting and allows you to check out using a QR code you can scan with your phone, or you can just simply copy and paste your bitcoin address in the dropdown menu at checkout. You can also sign up for fare trackers and it will notify you when your flight lands in your price zone if you’re not ready to book now.
Overall, I’ve only booked 2 flights myself here, but it was a good experience. I have been living off bitcoin for over 2 years now and it’s required creative ways to find how to get to where you need to go without trying to pay any exchange fees, and this was brought to my attention. I highly recommend if you are the type of person that likes to shop for the cheapest price and bargain hunt when looking for trips and flights.
#3 HOW TO SPEND BITCOIN AT OVERSTOCK.COM
Overstock.com is a large online retailer, similar to Amazon, but specializes in mainly home goods like furniture, decor, and larger items for very cheap. I believe they also offer a 2% additional discount when checking out with bitcoin.
You probably have heard of this website and perhaps even ordered something from here, but you probably didn’t know they accepted bitcoin for payment. They do this directly and it’s very easy to scan the QR code at checkout with your smartphone or with your bitcoin wallet address directly copying and pasting as well.
They frequently have holiday sales and other coupons and promotions you can use on top of the discounts of using bitcoin as well. I actually bought a rug a few years back from them using bitcoin and it was very simple to use and I had no issues.
This was one of the first major retailers to start accepting crypto, as the company’s founder Patrick Byrne has been a long time supporter of bitcoin. I personally like to support companies that allow you to pay in bitcoin as opposed to the ones that don’t, but that’s just me. I like to support the cause and businesses that do as well.
This is KEY when dealing with bitcoin. When spending bitcoin online and also trading or investing bitcoin online, it is imperative that you are not tracked and using a VPN is key in doing this. I use Express VPN when dealing with any online bitcoin transaction, especially when doing trading on exchanges, like Binance or Coinbase. Luckily, you can also buy Express VPN with bitcoin as well and it’s crucial to protect your anonymity when doing this. VPN’s are also useful when doing typical web browsing and not wanting to be tracked with what and where you spend your time online.
Additionally, you will be able to use this to access other popular streamers and websites that put limits on your IP address, such as Amazon and Netflix, without having to pay them more. You may not know but some major websites track your information from your IP address and sell that information to advertisers.
Have you ever been talking about something privately, and then when you look at your Facebook feed or Instagram feed and you see an ad for what you were just talking about? Very creepy, but very real. The ExpressVPN not only allows you to use this on your iPhone and Android, but it works on multiple devices at the same time, for each device in your home.
My favorite part of course (not to beat a dead horse) is the fact that you can get a free 30 day trial and test it out and the use BITCOIN to pay for it. Super cool.
This one is probably my second favorite source as almost everyone has heard of Expedia.com for travel. At some point in our lives, we probably have researched vacations or even bought flights and hotel packages from this site, and for good reason. This site has a wealth of information and provides tons of value, including tons of reviews from people that have already taken a specific vacation and they incentivize people to do this.
For me, I like the fact that they take bitcoin. I always check Cheapair.com and this site before I book any trip, because I want to support the bitcoin ecosystem by contributing to the network and transactions.
Needless to say, Expedia is very much considered a trusted authority site and the fact that they are one of the only travels sites accepting bitcoin for payment. I don’t have to do much selling here, but you can also receive a discount by using the Life Info App link above and make sure to check out the article that gives an in-depth of that review on how to start earning your own bitcoin, for free.
CONCLUSION
All in all, these are the top 5 places I spend my bitcoin online, there are tons of other sites you can spend your bitcoin at, and I will leave a link with a MAP right here. It is my belief that the more we start seeing everyday stores that people use on a regular basis, and that includes gas stations and grocery stores, the more we will not only see the price and value of bitcoin go up, but it will be a free and sovereign way to manage your finances. The above video outlines what we covered here, and I will link other related videos to that as well for more crypto knowledge and value for you.
What are you favorite places to spend bitcoin online? Are there more retailers that I missed above? Let me know in the comments!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
In this article, I will dive deep in the Trezor One Review: Is the original still the best? Trezor One is the original hardware wallet. What does that mean exactly? This was the first physical manifestation of the “hardware wallet” for bitcoin offline security and was introduced to us from Satoshi Labs in 2014. This device is a small, trapezoid shaped device with a small OLED screen and 2 mechanical buttons which are used for confirming or denying transactions.
This is also used for generating your recovery seed during your first time setup, but we will address that a little later. This concept when it arrived in 2014, served a HUGE need in the market as at the time, most people mainly used a paper wallet for protecting their private keys and keeping them offline. This is still used today, but is used as a one way method, and is not ideal for making transactions or managing your portfolio. Not to mention, if anyone got a hold of that piece of paper, they could easily scan the QR code and steal your coins.
WHAT’S IN THE BOX?
The Trezor One comes with: 2 recovery seed cards, a lanyard/wrist loop, 4 stickers, USB cable, and the device itself. The device is very small and has two mechanical buttons on the front of the device below the screen. It is powered on only when connected to a computer.
When you setup and initialize the device for the first time, you need to visit wallet.trezor.io on your chrome browser and click on “Trezor One”. This will pop up a screen where it show the security tabs on the box for you to inspect the device, before opening the box. This box is self destructive and is meant to have clear visibility to see if it’s been tampered with in any way.
Once you have done this, you will finally be prompted to “Continue To Wallet”. This is where the “bridge” comes in. What’s the bridge you ask? This is a small file download that is required for you to download and install to manage your device. It connects the web application to the device itself and validates the firmware.
WHAT COINS ARE SUPPORTED ON TREZOR ONE?
As of this writing, there are approximately 9 native applications that can be used directly in the web app, and about 1,000 coins supported via 3rd party wallets like Mycelium and MyEtherWallet. The native apps that Trezor One supports is as follows:
-Bitcoin (BTC)
-Bitcoin Cash (BCH)
-Litecoin (LTC)
-Dash (DASH)
-Zcash (ZEC)
-Doge Coin (DOGE)
-Bitcoin Gold (BTG)
-Digibyte (DGB)
-Vertcoin (VTC)
The list of all the other coins that are supported on the Trezor Model T or 3rd Party Wallets can be found here – https://trezor.io/coins/
To me, this is the weakest point of this wallet is the native application support. They have invested a lot of time and developer resources to developing their “Beta” wallet, which is currently only supporting the Trezor Model T, which is Trezor’s 2nd generation device. In my opinion, the Trezor One is a decent entry level device, but I would not expect a growth of new coins being supported in the future.
The current price for this device is 69 EUR, which is approx $77 USD at the time of this writing.
When the device is first shipped, it comes with NO firmware currently installed. This is a unique security measure that Satoshi Labs has employed to ensure that no MIM attacks or corrupt firmware was planted in the device during transit. When you setup the device and install the bridge, it will check the device is genuine and runs a check to insure the firmware (signed by Satoshi Labs) can properly be installed.
This process is seamless and once it’s installed, it will prompt you to create a 4-8 digit PIN that is shown on the device in random way using what’s known as an RNG (Random Number Generator).
Next, you will setup the 24 word recovery seed phrase which will walk you through each word (in order) shown on the device screen and will prompt you to write it down on the provided seed cards in the box. Once you write it down, it will walk you through confirming, and then it will test you and ask you, for instance…”What is word #17?”. You will then be required to choose the correct word. Once this is completed on 4 random words, you can confirm and the device will be initialized and ready to use the web application and make your first transaction.
What’s really unique about Trezor’s design is that there is no “username” or “password” for accessing the device. If someone walks up to your computer and see’s the dashboard, nothing can be done without physical access to the device to authorize a transaction.
In addition to the above, you can setup an optional “passphrase” or a 25th seed word so that if for any reason someone has access to your recovery seed, they still cannot steal your coins unless they also have your passphrase as well. If you decide to use this, DO NOT write it down anywhere and memorize this particular passphrase for extra protection.
They also use a process to validate firmware and authenticate your device where you private keys are stored called “Secure Boot MCU”. This process requires the bridge to verify that your device is genuine and signed by Satoshi Labs. This is unique and offers a security check every time you boot up the device to ensure you are properly connected to the correct location when accessing the web app. If something goes array, your device will throw an error warning and let you know not to trust the device if for any reason the bridge cannot connect to the proper web app.
The two devices that I find are most used, especially for people who are new to hardware wallets, is the Trezor One or the Ledger Nano S. Let me first say they are both fantastic devices and serve a similar purpose. First off, they are both considered entry level devices and are built for the user that is not looking to store a lot of coins at once using the apps they each provide.
For instance, if you only want to store only Bitcoin and Ethereum, both devices would work, but only Ledger would have both of those work using native apps. Here are some questions you will want to ask yourself when deciding,
What coins am I planning to store on the hardware wallet?
What is my budget for getting started?
Do I plan to use any 3rd party wallets or just the basic apps that come with the device?
In terms of trust and reputation, I would lean towards the Trezor One, as it’s tried and true and is the original hardware wallet. The web app it uses can also be accessed from any computer, whereas the Ledger Nano S would require to download a desktop application to use it.
Final Thoughts On Both: Unless you plan on storing Ripple (XRP) or Tezos (XTZ), I would go with Trezor, as it’s easier to use on any computer, even if that computer is infected with malware, safely.
– Trezor One has a clean and functional web app that allows for customization and password management in the web app for all passwords to be encrypted from any other site as well.
– The device is cheap and really easy to setup. This is perfect if you plan on using the device on multiple computers or if you plan to use it for travel or you plan to use public computers.
– Has the extra security feature for the “Passphrase” which is a unique security measure that is not employed with the Ledger Nano S.
– The screen is large enough to display the full address when verifying and confirming transactions, unlike the Ledger Nano S.
CONS:
– Does not support some popular coins like Ripple (XRP) or Tezos (XTZ). It also does not use a native application for primary coins, like Ethereum (ETH).
– Is not the cheapest entry level device. You can still get a Ledger Nano S for only $59 if you’re getting started and you are very price conscious.
-You will need to upgrade to the Trezor Model T if you plan to use a lot of the newer coins that are being rolled out or coins that previously did not have hardware wallet support.
What do you think? Is there a better wallet you recommend for people getting started? Let me know in the comments below!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
In this article, we are going to unravel the differences between the Trezor One Vs. Trezor Model T. I have been personally using each of these devices for years. The Trezor One first made it’s debut in August 2014 and was the first commerical hardware wallet out on the market. It paved the way for many competitors and started a revolution with a mission of keeping your private keys safe and completely offline in your control.
The Trezor Model T was unveiled in 2018 after years of development and tweaking. I was a reseller at the time and I received one of the first batch of devices to test out and even actually did a tear down and compared the internals and was very interested to see the differences between the two devices. Before that occurred, I tested it with many different coins and was a very pleasant experience.
They have even added a large number of “Native” apps (or coins) that were supported with their web-based wallet, and they will continue to do so for years to come. But does that make the Trezor One irrelevant now? Stay tuned for the whole article to find out!
First Look And Unboxing
The Trezor One is a very simple device and yet, the complexity comes in it’s security packaging. Let me explain. The device is in the shape of a small plastic trapezoid with 2 mechanical buttons and a small OLED screen. When you first receive the device, it comes in a small plastic box and you will see that it has 2 holographic anti-tampering stickers on the box covering the seals. One is on the top and one is on the bottom.
This was put in place to not only show if the box has been tampered with, but also has some visual clues that reveal it’s authenticity. This was put in place as a preventative measure and to avoid supply chain attacks. Additionally, it has some vert strong adhesive glue that is designed to destroy the box in it’t opening.
This self-destructive box again is a secondary security measure designed to reveal if the box has been tampered with it’s journey from the manufacturer to the end user. In my opinion, it’s very simple, yet clever solution, as MIM attacks and supply chain attacks are a very real threat.
The Trezor Model T, however decided to go with a much simpler box design that does not include these contraptions. Why? Well, they decided that evidence of tampering really only matters on the device itself, so they forewent the process of securely packaging the device. Instead, they decided to put a very adhesive and protective seal on the device itself over the USB-C port.
The one downfall of this design, is that it when you unbox it and peel off this protective seal, it leaves a very sticky and noticeable sticky residue that is VERY difficult to take off. And as the device is plastic, it cannot be removed or scraped off, as it will completely scratch the device. I touched on this on my dedicated review of the Trezor Model T that I wrote HERE.
Trezor One Vs. Trezor Model T: Supported Coins
This in my opinion is the large differentiator between these two devices and the distinction will ultimately sway most of you in deciding which device you should buy. Both coins have a lot of the same coin support, at least in terms of the larger cap coins and what is supported in third-party wallets, such as MyEtherWallet or Mycelium.
I will note the primary difference here is noted in the available “Native Apps”. What are Native Apps? These are the wallets built directly into the web application that Trezor has built to manage your coins directly on your platform. They are very easy to use, manage, and view in a very easy manner. This is NOT the case when you deal with certain coins that are only supported with 3rd party integrations. As a result, they are fundamentally better for the end user.
I am going to list a handful of what I consider the notable coins that are supported by these native apps and differences. I will not overlap these and point out some coins that are only supported by the Trezor Model T, and NOT supported on the Trezor One. Note this below:
This is just a brief example of some popular coins that are supported on each wallet natively using Trezor’s web app. Ther are some additional coins that are supported on the Trezor Model T through 3rd party wallets that will not work with Trezor One, such as Tezos (XTZ) and Monero (XMR).
This is important to know, as there are over 1,000 ERC-20 tokens that are expanding into native app support by Trezor Model T, that is not going to be supported by Trezor One, however, using some 3rd party wallets, will still support them, if you’re so inclined.
Trezor Security
I will briefly touch on this here as most of this was gone over in depth in my Trezor One Review. As mentioned above, the physical security measures and differences are pointed out in its physicality of it’s packaging, but I will point out that there is one feature that I particularly like that is available on the Trezor Model T.
Both have an option to set a “passphrase” or a 25th seed word when accessing your account. This means that if/when you have to use your recovery seed to restore your device, you not only need the 24 seed words in the correct order, but you will need to enter in the custom passphrase in order to fully restore your wallet.
Here is the main difference on the Trezor Model T. Because the device has a touch screen, both the PIN and the custom passphrase (if you enable it) will be entered in on the device itself, and not the web app. Why is this important? Well, in the event that your web app is compromised or you have a key logger on your computer, you have a separation from your device and what you enter on the web app to unlock or access your device.
The Trezor One requires you enter in your PIN on the web application with a number grid, since it does not have a physical touch screen that allows you to enter it in on the device. Pretty cool if you ask me.
Trezor Prices
The Trezor Prices are pretty significant in terms of the difference between the Trezor One and the Trezor Model T. As we’ve discussed above some of the differences of coins that are supported and the overall design, the prices are pretty notable as these devices cover a lot of the same ground. The current prices are listed below as of this writing:
This means that for the almost the same level or security you can get the original hardware wallet, the Trezor One for $91 less than the upgraded model. However, you have a lot more room to grow in terms of coins and token supported natively on the Trezor Model T, which means it will be more “future proof” and more expandable than the original.
Setup And Recovery Seed Differences
The primary differences in the two devices is fairly straightforward. The Trezor One includes a 24-word seed phrase when setting up and backing up your device. The Trezor Model T includes a 12 word seed phrase when you receive the device and that limitation is indicated on the included recovery seed cards in the box.
Why did they make this difference? Whether you choose a 12, 18, or 24 word seed phrase, it ultimately includes the same level of security. Additionally, since the Trezor Model T includes the option to set a custom passphrase you can enable on the device in addition to requiring the PIN, they felt that it was extra secure that way, although it’s optional.
Trezor Vs. Ledger Vs. KeepKey
The highest end device of these 3 is going to go to the Trezor Model T. Not because of the price tag, but because of the extra security features and the vast coin support that is way ahead of the competition currently. The Ledger Nano X is on par with this and even allows you to manage your device via bluetooth and can hold up to 100 apps directly on one device, which has it’s own edge over the rest.
The KeepKey is one of the oldest devices, but it is the “nicest” in terms of it’s physical presentation as it’s a very solid and sleek device that just “feels” premium. Additionally, it is going to release their new platform very soon that integrates directly with native coin support and non-custodial trading directly on the hardware wallet, that makes it probably the safest trading experience I have seen yet. I have tested this platform and have a detailed review of it HERE.
So which one is better? Well, to be honest there is no clear cut answer and it varies for each person. Here’s how I would put it to you. Are you going to be getting more and more into crypto and expanding into more altcoins as time goes on? If so, go with the Trezor Model T. If you are simplistic and you just want to “HODL” Bitcoin, Ethereum, and maybe a few other larger cap coins for a long period of time? Then Just got with the Trezor One.
The truth is, both will continually receive security and firmware upgrades as time goes on and will be very usable for years to come. In this professional’s opinion, it really comes down to any specific coins you want native support for (VERY IMPORTANT) and if you plan on expanding. You can’t go wrong with either one, as they have stood the test of time and I’ve used both for various coins over the years and I’ve seen the positive changes in both devices. Click the links below to buy The Trezor One and The Trezor Model T below directly from their website!
What do you think? Would you choose the Trezor One Or Model T? Which one do you use? Sound off below!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.