Czech company SatoshiLabs, which is behind the development of the Trezor crypto wallet, has presented a new product, Shamir Backup, to protect digital assets. Shamir Backup enables one to separate the private key for data renewal in the wallet into several separate sections. The objective is to provide better protection for the saved data. The new security standard is now available for the latest Trezor Model T hardware wallet. Its creators believe that it will find use not only in crypto wallets, but potentially in every area in which security plays an essential role.
Prepared by the team of foreign office CzechTrade Chicago