A known Crypto wallet, Magnum has recently announced that it has completed integration with leading hardware wallet Trezor for the NEM crypto project. It said that XEM token holders will now be able to use the Trezor wallet with Magnum’s interface.
Trezor is one of the first hardware crypto wallets ever and is among the leading ones. As the industry is expanding, hardware wallets are becoming more and more popular, mainly due to the security features they bring on the table. The recent hacks on online platforms as formidable as Binance make the use of hardware wallets even more critical.
NEM is a blockchain-based crypto asset management platform, which was designed to ensure speed and scalability. The networks underlying private blockchain delivers fastest in-class transactions for the internal ledger.
And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without ever compromising throughput or stability.
The support on Trezor based on Magnum’s interface would allow the users of NEM’s native coin XEM to use their tokens more widely, given the extensive network of Magnum Wallet and formidable security of Trezor. This would give the network a significant boost in terms of scalability, and also allow it to garner trust among user, with reliable names like Trezor and Magnum associating with it. Asset management itself is becoming quite popular, with biggest industry names jumping in digital assets.
Magnum is an all in one crypto wallets which have security and anonymity of users as its top priority. It has partnered with top centralised and decentralised crypto exchanges and supports over 350 digital assets available for exchange. The wallet has a presence in more than 170 countries.