Good place to hodl your funds.

Happy Thursday, V Team! On today’s episode of George Talks Tech, George Koroneos welcomes producer and crypto enthusiast Michael Herbert to discuss two new cryptocurrency gadgets.

Before they dove into the new gadgets, Michael offered a quick primer on cryptocurrency: “Cryptocurrency is a digital asset that can also be referred to as a digital currency, digital tokens or coins.”

We also introduced our new iCoin wallet, a digital device that serves as the perfect place to “hodl” your funds. And, no, that’s not a typo: “Hodl” is a popular cryptocurrency term that means “holding on for dear life.”

One value of the iCoin wallet is it serves as “cold storage” for your cryptocurrency. Because cryptocurrency is not managed by a central monetary authority, there is often no recourse for owners who become victims of fraud or theft. By using cold storage, cryptocurrency owners are taking an extra step to prevent hackers from being able to access their holdings – similar to how an air gapped computer works.

Verizon has two iCoin wallet options available: a standalone iCoin Wallet, or a bundle with a standalone thermal printer. The printer offers a convenient way to securely print and store a 24-word backup seed phrase, along with other important information, including account addresses and transaction receipts.

The iCoin wallet supports Bitcoin, as well as Etherium and ERC tokens.

To catch more George Talks Tech episodes click here.

Tell us what you think of Up To Speed.

Be the first to comment

Leave a Reply

Your email address will not be published.


*