This hardware wallet already has Taproot support

Key facts:
  • In the update, an error was corrected that compromised the security of cryptocurrencies.

  • In support of ETH, more tokens have been added for use in NFT platforms and P2E games.

BitBox02, the hardware wallet for bitcoin (BTC) and other cryptocurrencies, has released its latest update. This fixes a minor security bug and adds support for sending BTC to Taproot addresses.

La update named Maighelshüte, after a small cabin in the Swiss Alps which served as a military station in the second world war, was published by the company in charge of the development of BitBox02, ShiftCrypto, this past January 18.

At the beginning of the statement, a security flaw is commented found on January 4, which could mean the loss of funds when restoring the wallet from the SD card.

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Due to its hardware infrastructure, BitBox02’s security setup requires an SD card. Source: ShiftCrypto/BitBox02.

The flaw in question applied if an “expert with computer knowledge” violated the SD before being introduced in the BirdBox02 creating a false backup, which the device did not verify and went on to restore it . In case of suspicion of being affected by this possible scenario, ShiftCrypto recommends doing a verification about the backup.

As highlighted at the beginning of the text, BitBox02 is now compatible with Taproot. Although said compatibility is relative , since the support will only allow sending bitcoins from BitBox02 to P2TR addresses, corresponding to Taproot.

The receipt of funds in addresses of this type is expected to be included in the next portfolio updates.

This type of partial compatibility is usually very common in updates registered by the different cryptocurrency networks, as was the case of Ledger when adding Taproot. This is to avoid bad scenarios that could incur losses of funds, as was the recent case of Suredbits, whose error led to the “destruction” of bitcoins sent to Taproot addresses due to a poor implementation of the protocol.

Greater Ethereum support in BitBox02

The update also offers improvements regarding the use of Ethereum, in this case compatibility support with MyEtherWallet and Ruby has been added. The latter corresponds to a fork of MetaMask.

According to the document, support for a large number of ERC-20 tokens has also been added , which will allow the wallet to be able to express the corresponding amount correctly, without the need for any type of manual configuration. This type of improvement facilitates the use between BitBox02 and the different DeFi, NFT and play-to-earn (P2E) platforms of Ethereum.

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