- Keystone partnered with Cake Wallet to integrate Monero support and redesigned its firmware using Rust.
- Monero’s principles of privacy, decentralization, and open source drive the integration of new hardware wallets.
Keystone Hardware Wallet has announced that it has partnered with Cake Wallet, a popular open-source software wallet for Monero users, to officially begin work on supporting Monero on Keystone devices.
The collaboration aims to improve security and user experience for Monero enthusiasts by incorporating Monero’s unique features into Keystone’s hardware wallet.
1/ Caution Monero Community 📢
It's official! Today we began working with our partners to support Monero on Keystone. Cake Walletthe leading open-source software wallet for Monero users.
Here's what you need to know about this integration #Construction in public places👇 https://t.co/aB2wiEtylP
— Keystone Hardware Wallet (@KeystoneWallet) July 30, 2024
Keystone redesigns firmware in Rust to integrate advanced Monero features
The Keystone development team is currently working on a major project to rewrite the firmware from scratch using the Rust programming language. This redesign includes: Monero Distinctive seed phrase and ring signature techniques.
Ring signature technology is crucial to maintaining the confidentiality and unlinkability of transactions, which are fundamental pillars of Monero’s philosophy.
Once the firmware redesign is complete, the next step will be to adapt the Cake Wallet to be compatible with Keystone. This connection will enable a simple and secure experience for Monero users.
Written 31 years ago, the ideals laid out in the “Cypherpunk Manifesto” remain relevant today and have had a major influence on Monero.
Monero embodies the values of the Manifesto, including anonymity, decentralization, open-source and community-driven projects. These ideas resonate with the Monero community and highlight the value of privacy and security in the digital age.
This latest development has sparked interest in Monero (Extreme). The token emerged as the biggest gainer today, demonstrating its bullish performance amid a bear market.
At the time of writing, XMR is $160.89Top 1.36% Over the past 24 hours, daily trading volume was $124.74 million, marking a significant increase of over 15%, indicating an enthusiastic market reaction to the recent developments.
Looking back, there were some notable events that impacted the Monero ecosystem. CNF was previously Reported Monero's mining hashrate decreased from 2.9 gigahashes on May 29th to 1.78 gigahashes on May 31st.
The decline coincides with the launch of Operation Endgame, Europol's largest anti-botnet operation to date. According to Europol, Monero facilitates these illicit activities because it is resistant to ASIC and GPU mining, making it ideal for cryptojacking.
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