LONDON: Tony Fadell, a well-known Silicon Valley executive known as the father of the iPod, on Tuesday unveiled his latest project - a hardware wallet used to store cryptocurrency offline.
Fadell, 53, spent almost a decade at Apple under Steve Jobs, where he oversaw the design of the portable music player, and later helped create the company's best-known device, the iPhone. After quitting Apple in 2008, he launched Nest Labs, a smart home-devices company. Nest was later acquired by tech giant Google for US$3.2 billion.
Now Fadell has teamed up with Ledger, the French technology firm, to design a new offline cryptocurrency wallet. Trading crypto requires the use of complex cryptographic keys, which are used to authorise transactions. These keys are typically stored online, for example with an online exchange, which can leave them more susceptible to hacking or theft.
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