In a recent article we mentioned that Bitcoin hardware manufacturer SatoshiLabs – creators of the popular TREZOR wallet – were enabling a new feature called TREZOR Connect. This move was made in order to take on the current login system such as Google+, Facebook and Twitter that have been enabled on nearly every site. As TREZOR Connect is a far more secure solution, it was only a matter of time until the first platform started integrating it.
CoinPayments Enables “Sign in with TREZOR.”
With such a unique feature like TREZOR Connect – which will hopefully become an internet standard sooner rather than later – it could prove to be q powerful tool to protect your financial wealth. And CoinPayments.net, a digital currency payment processor supporting over 30 different coins – and Paypal – is the first platform to enable this feature.
Not only is TREZOR Connect a secure way of authenticating users, but it’s also a very convenient way for people owning one of the TREZOR Bitcoin hardware wallets. And it takes very little effort to enable the feature in your coinPayments account, as everything can be changed in your “Account Settings” screen.
Do keep in mind the “Sign in With TREZOR” feature will not replace the current standard login authentication form based on a username and password. If you are a Coinpayments user, you will have the option of using either system, but the user-and-password login will not disappear any time soon.
Should this feature prove to be a success – which it most likely will, at is has been thoroughly tested by the SatoshiLabs developers and community – we will hopefully see similar login services pop up all over the internet. While most of the services and platforms using the “Sign in With TREZOR” option will be Bitcoin-related, this could be another way of giving Bitcoin awareness a boost in the long run.
The Next Step Towards Improved Bitcoin Platform Security
In recent months, it has become quite clear that even though Bitcoin technology is advanced and a game-changer in more ways than one, the platforms using Bitcoin technology are far from secure. This is also due to Bitcoin-related platforms and services becoming a high-value target for hackers and hoodlums, however.
But as the companies and community members keep developing new security measures that are far more secure than just a user/password combination – or even two-factor authentication for that matter – security flaws will become less of an issue. And as soon as other companies and platforms notice the advantages of a Bitcoin-enabled authentication system – which is freely available to anyone mind you – they will hopefully start integrating it as well.