Trezor Celebrates 10 Years Of Hardware Wallets

Trezor, famous for its hardware crypto wallets, is celebrating 10 years of the Trezor Model One, its first product. To celebrate, Trezor is giving away three special metallic Trezor Model One devices. Individuals can join by following Trezor on X, retweet the anniversary post, and tag two friends.

Trezor was established by Pavol “Stick” Rusnák and Marek “Slush” Palatinus. The idea for the hardware wallet came after Palatinus lost a lot of Bitcoin ($BTC) in 2011 due to an online attack. This loss led to the creation of the Trezor Model One, which was released on July 29, 2014. It was the first hardware wallet made to safely store cryptocurrency.

Trezor Wants to Provide Trusted And Secure Storage Solutions For Cryptocurrency Users

Marek “Slush” Palatinus, Co-Founder of Trezor, said the team initially intended to create a few hardware wallets for their friends. However, they soon recognized a significant market gap and, as a result, had become one of the most trusted wallet brands in the world.

According to the first Trezor Model One, prototypes were made using Raspberry Pi and included two buttons, a display, and a USB port. Although there were doubts about whether people would buy it, the Trezor Model One sold out quickly, showing strong demand for secure storage options in the cryptocurrency world.

The first pre-order campaign for 1,000 Trezor devices quickly grew to 30,000 units because of strong demand. This success helped Trezor stay independent without needing venture capital.

Pavol “Stick” Rusnák, Co-Founder of Trezor, said no matter what happens in the future, the firm will keep working on making the cryptocurrency world safe.  Trezor will keep coming up with new ideas while being open about what it does. The firm’s choice to stay independent and open-source has been important for keeping high security and being clear about everything.

Trezor Aims To Maintain Its Independence And Transparency

Trezor revealed that one of the most important parts of the journey is independence. Being fully self-owned has given it the freedom to create new features without outside pressures. This means it doesn’t have to answer to investors or shareholders.

The firm releases products when they’re ready, safe, and meet high standards, not just to make money or meet deadlines.

According to Trezor’s team, this independence allows Trezor to be completely transparent with customers. The team believes that trust is the foundation of the company. By being open-source, Trezor doesn’t hide anything.

Customers can check their security measures and trust that prioritizes their safety above all else. This approach has earned the firm the highest level of trust from its customers, a trust it continues to build and maintain.