{"id":557116,"date":"2023-02-27T14:47:34","date_gmt":"2023-02-27T11:47:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/trezor-to-produce-chips-for-hardware-wallets-to-shorten-supply-cycle\/"},"modified":"2023-02-27T14:47:34","modified_gmt":"2023-02-27T11:47:34","slug":"trezor-to-produce-chips-for-hardware-wallets-to-shorten-supply-cycle","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/trezor-to-produce-chips-for-hardware-wallets-to-shorten-supply-cycle\/","title":{"rendered":"# Trezor to produce chips for hardware wallets to shorten supply cycle"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3df40abaea5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3df40abaea5\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/trezor-to-produce-chips-for-hardware-wallets-to-shorten-supply-cycle\/#%E2%80%9D_Trezor_to_produce_chips_for_hardware_wallets_to_shorten_supply_cycle_%E2%80%9C\" >&#8221; Trezor to produce chips for hardware wallets to shorten supply cycle &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Trezor_to_produce_chips_for_hardware_wallets_to_shorten_supply_cycle_%E2%80%9C\"><\/span>&#8221; Trezor to produce chips for hardware wallets to shorten supply cycle &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvYmU4OGQzNzMtYzk0YS00ZDljLWJlYWMtZjM5NmNiMjhjNWE2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-48054ca8>Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips.<\/p>\n<p>Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own key component, the chip wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>er, in its flagship product, Trezor Model T.<\/p>\n<p>The move aims to significantly optimize Trezor wallets\u2019 production, reducing lead times in the supply cycle from two years to several months.<\/p>\n<p>The optimization will also eliminate delays in shipping finished products and protect consumers from exposure to price fluctuations based on component supply and demand, Trezor said. As previously reported, demand for Trezor wallets spiked by at least 300% in the aftermath of the FTX collapse in November 2022 as crypto investors rushed to move their crypto holdings from centralized crypto exchanges.<\/p>\n<p>Prior to becoming a wallet chip producer, Trezor was exposed to third party supply vulnerabilities due to factors like geopolitical disruption, labor shortages due to COVID-19, crypto market conditions and other events. By taking control of supplying wallet chips, Trezor has obtained the opportunity to respond quickly to all these factors and meet the demand at all times.<\/p>\n<p>\u201cBy unpacking the process, identifying areas where we could take control, and collaborating with our partner STMicroelectronics in new ways, we\u2019ve managed to make the manufacturing as agile as it can be,\u201d chief financial officer \u0160t\u011bp\u00e1n Uherik said.<\/p>\n<p>The new business model also enables more design freedom for Trezor\u2019s future products, allowing the wallet provider to build the hardware wallet devices from scratch on its own.<\/p>\n<p>The <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> comes a year after Tropic Square, a startup operated by Trezor\u2019s parent firm Satoshi Labs, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/tropicsquare\/status\/1557379902701465601?s=20\">launched<\/a> a new open-source chip known as TROPIC01. The chip provides cryptographic key generation, encryption, signing and authenticating users through digital identification methods. Trezor was reportedly expected to become the first customer of Tropic Square for the product.<\/p>\n<p>\u201cThe chosen business model is very unique and can be applied in exceptional cases. Firstly, as a manufacturer, we require high minimum order quantities, and secondly, the customer must have specific know-how to encapsulate semiconductor components,\u201d STMicroelectronics sales manager Tom\u00e1\u0161 Pokorn\u00fd said.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Spotify testing Web3 wallets integration<\/em><\/strong><\/p>\n<p>Trezor originally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/blog.trezor.io\/introducing-tropic-square-why-transparency-matters-a895dab12dd3\">announced<\/a> plans to take control of wallet chip production in collaboration with Tropic Square in May 2020, citing a wide number of reasons for such a move, including expensive chip vendor certification from the government. According to Trezor, state certification policies \u201cexclude independent companies and open-source initiatives from being used in professional areas.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/trezor-to-produce-chips-for-hardware-wallets-to-shorten-supply-cycle\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Trezor to produce chips for hardware wallets to shorten supply cycle &#8220; Hardware wallet manufacturer Trezor is accelerating the production of new Trezor wallets by producing its own wallet silicon chips. Trezor officially announced on Feb. 27 that the firm will start facilitating the production of its own key component, the chip wrapper, in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":557117,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/be88d373-c94a-4d9c-beac-f396cb28c5a6.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,75190,75820,74355],"class_list":["post-557116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-hardware-wallet","tag-trezor","tag-adoption"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=557116"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/557116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/557117"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=557116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=557116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=557116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}