Nymi's Bitcoin Wallet Uses Heart Rhythm to Allow Access to Funds
In establishing this website, one of my goals was to feature new products that make us all go wow. Here we have one of these very products. It's called Nymi, and this Toronto-based company has designed a bitcoin wallet that relies on not keys or password, but your unique heart rhythm to allow access to stored funds. The wallet comes in the form of a wristband with a built-in electrocardiogram sensor to enhance security. "People don't know where their Bitcoin funds are stored, and who can access them. The Nymi's wallet application makes the answer clear: the wallet is physically stored on....
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Imagine walking into your favorite coffee shop, electronics store or restaurant, and paying for everything you need with the flick of your wrist. Today, Nymi (NIM-mi) makes this possible and more importantly, allows Bitcoin users to store their Bitcoin in a native biometric wallet. Bionym's Nymi wearable armband uses your unique ECG (electrocardiogram) biometric signature to securely identify you to various services and devices. The Toronto-based startup will also provide Nymi users with an easy to use and secure Bitcoin wallet. This is the first wearable Bitcoin wallet, and will enable....
Canadian wearable-tech startup Boinym has launched a biometric bitcoin wallet that relies on its Nymi smart wristband for authentication. The Nymi wristband has a clever way of confirming the user's identity: it scans the wearer's heartwave using an electrocardiogram (ECG) sensor and matches its pattern to the one stored in its database. This offers 'always on' authentication, as it doesn't require any input from the user, and should function for as long as the user has a pulse. Bionym released the Nymi software development kit (SDK) last November and said at the time that it already had....
Electrum is arguably the most well known Hierarchical Deterministic (HD) wallet, fully implementing BIP0032. An HD wallet generates all Bitcoin addresses using a specific algorithm from a single seed. A seed is the starting point and can be anything. Further, as Electrum is a 'Type 2' HD wallet, the seed from which all key pairs are generated is presented to the user as a 12 word phrase using common English words. What all this amounts to is a so-called 'brain wallet' that provides particularly convenient back-up capabilities. A user can simply write down 12 plain English words. Then, if....
It was just earlier today that NEWSBTC had written about Apple's upcoming software announcements in San Francisco, California. We asked whether or not we could learn today why Apple was shunning bitcoin-related applications, such as Coinbase and Blockchain.info - which have been removed due to alleged policy violations. What we learned was something a whole lot different: Apple is now allowing bitcoin and other virtual currency wallet applications, as opposed to only allowing informational applications. The change of heart is published in the company's App Store Review Guidelines, section....
Valentine’s Day is a significant day for many people worldwide. In the run-up to “heart’s day,” many will take on the role of Mr. Cupid – the chubby winged angel – except his arrows of love will not only break your heart, but also your wallet. The Federal Bureau of Investigation is warning against scams […]