eWallet: Secure Physical Cryptocurrency Storage

QeM is developing a new method to operate a Blockchain Wallet that benefits from the protection provided by the QeM Quantum Random Number Generator (QRNG2).

A hardware wallet is a physical device used to securely store private keys to access and manage cryptocurrencies, such as Bitcoin or Ethereum. These devices are designed to keep the private keys offline, which makes them less susceptible to hacks and cyber-attacks compared to software-based wallets that are connected to the internet.

The market for hardware wallets has grown significantly in recent years due to the increasing demand for secure cryptocurrency storage solutions. According to a recent report by Markets and Markets, the global hardware wallet market is expected to grow from $1.0 billion in 2020 to $1.9 billion by 2025, at a compound annual growth rate (CAGR) of 13.5% during the forecast period.

The growth of the hardware wallet market can be attributed to several factors, including the continuous adoption of cryptocurrencies after their recent volatility.

Although Hardware wallets have been developed to increase the security of cryptocurrencies, they remain vulnerable to sophisticated cybercriminal activities and future quantum-computers attacks. . The future is even more menacing with the emergence of quantum computers that could break the encryption algorithms currently used to secure many online communications, including those used for financial transactions, government communications, and personal data storage.