"Researchers Invent Cryptocurrency Wallet That Eliminates 'Entire Classes' of Vulnerabilities"
Researchers from the Massachusetts Institute of Technology’s Computer Science and Artificial Intelligence Laboratory (MIT CSAIL) recently published a paper in which they present details on a new form of hardware wallet that they invented. Hardware wallets are intended to securely store, receive, and send cryptocurrency. However, vulnerabilities have been discovered in existing cryptocurrency wallets, including Trezor wallets, Ledger wallets, and more. The new USB form-factored wallet invented by the researchers, called Notary, is said to address entire classes of bugs that impact existing wallet designs as well as strengthen the security of transaction approval by performing reset-based switching. This article continues to discuss the approach taken with Notary to eliminate classes of vulnerabilities associated with existing cryptocurrency wallets.