Company launches Bitcoin wallet that scans blood vessels and does not require passwords

Source: PortaldoBitcoin Original Title: Company launches Bitcoin wallet that scans blood vessels and does not require passwords Original Link: If you are a Bitcoin holder who likes sleek designs and is worried about the possibility of a violent kidnapping in the near future, don't worry — you may have just found the perfect item for your year-end wish list.

A new company aims to revolutionize the relatively dominated market of hardware wallets for Bitcoin and other cryptocurrencies with a product that, according to them, is much safer, easier to use, and visually appealing than its already established competitors. Introducing: G-Knot.

Produced by a team with connections to a renowned South Korean biometric security company, the G-Knot — a brilliant disk-shaped wallet with a touchscreen, which has already entered pre-sale — has as its main differentiator its digital vein reader.

A compartment with a closure on the G-Knot reveals the digital vein scanner. A slight mark on the device scans the rhythm of your blood flow and the vascular architecture of your finger to establish a unique signature and unlock the wallet in a local process based on Zero-Knowledge Proofs.

The user only needs to enter a two-factor authentication code to unlock a G-Knot app for smartphone that contains their various cryptocurrency wallets.

The G-Knot is compatible with most major cryptocurrencies, including Bitcoin, Ethereum, Solana, BNB, and XRP.

The G-Knot finger vein reading technology eliminates the need for PIN codes, passphrases, or private keys for login, unlike other leading wallets on the market. According to its creators, the technology is also much more sophisticated than other biometric security options available, such as fingerprints and iris scanning.

“What we are doing is eliminating that single point of failure of the mnemonic phrase,” said Wes Kaplan, CEO of G-Knot. “What we offer is a modern and user-friendly experience that makes your finger the key to unlocking your digital assets.”

Before they ask: the G-Knot requires blood flow to be released, so the product launch should not trigger a wave of finger amputations. Furthermore, each finger in the world has its own distinct venous signature — which remains the same throughout life — so there are no threats of identical twins.

In addition, the company is currently developing the multi-signature feature for G-Knot, which means that the wallet will soon be able to offer an additional layer of security: one that only unlocks if multiple users, from different parts of the world, log in to their own G-Knots simultaneously.

The patented digital vein reader that powers the G-Knot is already on the market. It is currently being used for security, among other places, at the headquarters of the International Telecommunication Union in Geneva, the UN specialized agency for digital technology.

But this technology has never been applied to cryptocurrencies. Kaplan believes that the connection is natural — and that the demand for the G-Knot will be high — given the recent wave of high-profile kidnappings that have affected cryptocurrency users worldwide.

Still, the CEO stated that he expects the product to redefine the way users interact with hardware wallets, eliminating concerns about security and making offline storage of cryptocurrencies as simple as any other smartphone app.

“Security should be a secondary concern,” Kaplan said. “You should be able to enjoy the user experience instead of worrying about whether you will lose that code.”

The G-Knot has already started the pre-sale of its “Founder's Edition” wallet with an aluminum coating, which will be sold for US$ 299 (around R$ 1,600). The company will start with a batch of 10,000 units, with shipping expected to begin in early January.

This price puts the G-Knot a little above other hardware wallets on the market, focused on style and security.

But the company bets that the promise of less stress — both in terms of security and complications with hardware — will have a particularly strong impact among cryptocurrency users this year.