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Author Topic: [ANN] BitLock.io Hardware Wallet  (Read 90 times)
koinoff
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July 10, 2018, 06:59:23 PM
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After six month of development and various tests we launch the pre-sale of BitLock hardware wallet. What is BitLock and why we believe it will become industry-standard solution for crypto assets protection?
BitLock is a combination of software and hardware giving maximum security to cryptocurrency owners.
- Cutting edge Crypto Firewall is a next level of protection agains malware attacks.
- Multiple access passwords can help to safe coins under pressure.
- 2FA through mobile device is the most convenient way to authorise transactions.

All those algorithms are build on strong cryptography and running within EAL5+ certified smart-card kernel.

Looking like regular USB drive, BitLock is covered by damage-protecting case that doesn't attract attention.

In other words, working on BitLock we were focused on security and targeted to people who want to protect their assets against multiple threats and give top-notch cryptocurrencies protection solution.

BitLock Hardware:
- ARM SC300 32-bit processor built on EAL5+ certified smart-card technology;
- 50MIPS computations speed;
- ARM Thumb instruction set;
- Up to 512K of read-only memory space;
- Data input and output;
- Card OS and file system;
- General encryption and decryption algorithm;

BitLock Developers:
Senselock Software Technology Co., Ltd - founded in 1995, is a worldwide leading provider in software protection industry. With our professional R&D team focus on software and hardware, Senselock owns a complete product line and advanced management system. BitLock is based on Senselock 5 hardware key.
Website: senselock.com

Seculab., Ltd, UAB Seculab-Europe - founded in 2001, Seculab is tailored software protection solutions provider serving more than 200 clients in Europe and Russia, protecting their IP with Senselock dongles. Seculab is responsible for Bitlock firmware implementation.
Website: seculab.ru, seculab.eu


Delerex Pte. Ltd, - founded in 2017, Delerex specializes in blockchain accounting, management and security. Delerex develops BitLock user interface, interaction with blockchains.  Delerex Pte Ltd is a distributor of BitLock.
Website : delerex.com

You can get more information at bitlock.io
Product presentation can be downloaded here

We will be happy to get feedback and answer all of your questions!
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RGBKey
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July 11, 2018, 09:30:15 PM
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Do you have any plans to open-source your code? It's difficult to trust a wallet that claims to be incredibly secure without open-source software/firmware.

koinoff
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July 13, 2018, 01:45:36 PM
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Do you have any plans to open-source your code? It's difficult to trust a wallet that claims to be incredibly secure without open-source software/firmware.

That's the good question. Firmware must be open sourced for sure, there's no meaning in selling crypto protection device without open source firmware, however, unlike Terror and Ledger,  uploading firmware to device will be done in the centralised way. SenseLock dongle is programmed with Master Key, so there's no way to upload clean firmware to end user device without encrypting the file with the master key. In other words you cannot confirm the open source firmware on GitHub is equal to one you are downloading from our website until this process is confirmed by any other trustworthy third party. We plan to find trustworthy counterparty responsible for audit and compiling the firmware.

Another option is purchasing Master Key so you can compile program and upload to your working key by your side.
kezjo
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July 14, 2018, 01:10:17 AM
 #4

Do you have any plans to open-source your code? It's difficult to trust a wallet that claims to be incredibly secure without open-source software/firmware.

Yeah totally agree. Such cold wallet truly needs to be open sourced. Kiss Kiss
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July 16, 2018, 12:55:51 PM
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Do you have any plans to open-source your code? It's difficult to trust a wallet that claims to be incredibly secure without open-source software/firmware.

Yeah totally agree. Such cold wallet truly needs to be open sourced. Kiss Kiss

We will definitely release the firmware after initial audit.
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July 16, 2018, 10:42:29 PM
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Do you have any plans to open-source your code? It's difficult to trust a wallet that claims to be incredibly secure without open-source software/firmware.

Yeah totally agree. Such cold wallet truly needs to be open sourced. Kiss Kiss

We will definitely release the firmware after initial audit.

It doesn't seem to make much sense to me that you would start selling your product before an audit has been carried out.

koinoff
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July 17, 2018, 03:03:30 PM
 #7

Do you have any plans to open-source your code? It's difficult to trust a wallet that claims to be incredibly secure without open-source software/firmware.

Yeah totally agree. Such cold wallet truly needs to be open sourced. Kiss Kiss

We will definitely release the firmware after initial audit.

It doesn't seem to make much sense to me that you would start selling your product before an audit has been carried out.

We just want to make presale of those keys to speed up development process, however this product will be ready in December 2018 anyway.
By the way, we have been making anti-piracy software protection with SenseLock dongles since 2006 and none of them was hacked. We are good with those things. 
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