 Thank you for joining us today for this very special AMA with Trezor. Today we have Tomas Toussaint. He's the head of development at Trezor and Matei Zach who is the head of product at Trezor. Hey guys, how are you? Hello everyone. Thanks for having us. Yeah thanks for coming on. This is a really great AMA. I'm excited to host it with you guys. It's all about hardware while it's obviously so Trezor is one of the best companies for hardware wallets, if you guys didn't know. And today we're going to be talking about the model T which is one of the latest hardware wallets from Trezor. But before we get into that, could you guys explain what a hardware wallet is? Sure. So let me start on that. So hardware wallet is simply just a single-purpose device. That means it does one thing and it does it well and that's cryptocurrencies. So just so you all of you get an idea, like this is what it looks like. I hope you can get like an idea of that what I'm showing. It's two devices, let's say in the size of a half of a credit card, something like that. And yeah, and we have model one and then we have model T which we're going to talk about a little bit more today I guess. What is important about hardware wallets is that they have a trusted display. What that means is that you see all the information on the dedicated display and that's how you know that you can confirm everything that you are supposed to confirm on the device directly. Because for example, if your computer is hacked, if you have some malicious malware and so on, the information that your computer is showing might not be accurate while the information that are displayed on the device should always be correct and are always the ones that you are then signing and broadcasting into the blockchain, into the network. Got it. Cool. But before we get into the model T, I just want to remind the audience, please ask questions during this AMA. It's so important to engage with us. We've got the experts here. They know all about hardware wallets, so please send your questions in the chat. And if you like what you see so far, remember, be sure to subscribe to the channel. Okay, next question. Let's get into the model T. So are you guys able to just chat a little bit about the features there and what makes the model T unique from other hardware wallets? Yeah, so maybe I can jump in here now. So one of the key differences of the other hardware wallets on the market is that this model actually has a color display and touch display, so you can navigate through the user interface very easily. And that's one of the pillars that we want to build the products on is the usability. We are bringing the model T to the masses and the whole sort of treasure ecosystem. And so the ability to, for example, type in European or passphrase that we will talk about in a moment directly on the device in an easy way is kind of key and crucial to the whole user experience. So got it. So the touch screen features obviously very important. Are there any other features that you want to talk about that kind of make this a unique hardware wallet from others? Yeah, so if we talked about sort of the hardware wallet and also the computer side or the side of the client where you actually use your computer and you work with the interface. So we are building this ecosystem where you have desktop app and browser app and in the future also mobile app. So the goal here is to connect all these sort of features together and make it extremely usable for the user. So that means that you can input the information on your computer and then the app will basically ask you certain questions or ask you to verify certain information on the device and the device will light up and it will give you the option to either accept the information or reject it. So that's basically what we are trying to achieve and get the hardware features into the computer interface in a very easy manner. Got it. Oh, go ahead. Yeah, I just wanted to add a feature of Model T that is probably my favorite since you've asked about some particular features that Model T has. So I first have to explain how backups work because I think that may be interesting also for all beginners that are joining us. Before joining the company, I've actually been thinking about how the backup is done because I was always, how do you back it up? What happens if you lose the device? What happens if somebody, you know, what happens if a car runs over it and so on? And this is actually very well thought out because during the onboarding process we give you 12 or 24 words. English words, simply English, nothing crazy. And you write down those words. You write it on a piece of paper, you hide it somewhere, you can choose your own hidden spots. And these words are actually the backup. I mean, that's it. These words actually represent all your keys and therefore all your cryptocurrencies. What is new regarding Model T is so-called Shamir backup. And this Shamir backup is like one step further regarding the security because you actually can have a number of sets. You can have three sets of 20 words. You can have five sets of 20 words. And you basically can define the threshold and the number of such shares. So for example, the default that we give is three out of five. That means we give you five shares of 20 words. You give one set to your mom. You give one set to your girlfriend. You give one set to anyone. And you keep those remaining two for yourself, for example. And then you need three, and it doesn't matter which ones, you need three of those sets to combine it all together and get back to your cryptocurrencies. And this is great because obviously if you do not have this feature, if you have just one set, as mentioned previously, then anyone who finds that that's it. That's the game over. If somebody finds the backup, the coins are theirs and that's it. But in this case, if somebody finds just one share, then you still have four more and you need actually two more if the threshold is free. So this is a new feature that brings the security setup even one step further. Right. Yeah. And obviously that's so important because we hear so many horror stories about coins getting hacked or people losing their password and they just can't find it. Before we go into more features, I'm going to take a question from the audience because I think this is kind of relates to what we were just talking about. So Pillsbury Dope Boy, he is asking, is Trezor more secure than Ledger? So what do you guys think? So we obviously will say yes, right? We believe that. But you know, it's a complicated topic. We truly believe Trezor is better, but you know, when it comes to the fact both our hardware wallets and I think the most important is that people use hardware wallets because as we will probably talk about later on, the important thing is that you have a wallet that you do not keep your currencies on exchanges and so on. And why I think Trezor is actually superior is that we are now building the whole ecosystem. We have a Trezor suite, which is a brand new wallet and Matej will, I think, talk about that in just a second. And we're just trying to really push the usability even more to lure in old beginners and have it really friendly for anyone. So yeah, Matej maybe wants to add something on that. Yeah, maybe we want an extra, you know, since you're talking about security, one extra feature that we have on top of the backup that Tomasz mentioned. So we create this wallet, we give you the words. And then on top of it, we give you something that we call passphrase, which is, you know, which basically adds an additional phrase, you know, it can be word, it can be the whole sentence through the, you know, as sort of as your kind of password, but we don't want to call it passphrase, it's actually passphrase, which you add in the interface. And that's great, you know, that creates another wallet inside the, inside, you know, the ecosystem. And this, you know, freeze phrase, you gotta, you gotta remember that something you only, you know, we don't, you know, it's not safe anywhere. It's not on our servers on anywhere. It's, you are the only person that uses it. And that's, you know, creates the keys that you don't access your, you know, your funds. And that's a like need security feature, because it's technically it creates, you know, a virtual device that's not, you know, hackable in any way. So it's an extra step in the security. Yeah. And I just want to add one last thought. It's not that it just isn't stored anywhere. There's also no such thing as incorrect passphrase, you know, normally when you log in into an account, it tells you this password is incorrect, you know, it's not the correct one. But how passphrase works, since it's not stored anywhere, it's only in your head, and nobody can know if you have two or four or five or 20, it's completely up to you. And it's not really discoverable, because it's not stored anywhere else than in your head. Right. Yeah, I mean, obviously, these are all really important features. I did want to take a question from Kevin Pauley. So he says, what about the claim that Trezor can be hacked in 15 minutes by Kraken Labs? So what do you guys have to say regarding that just out of curiosity? Yeah, sure. So we have a detailed article on our blog post about that, about that claim. So I encourage everyone into reading that. But also what I would like to stress out is that, you know, the main attack when the main thing that we are trying to protect our users is like against the remote attacks. That means against the online attacks and so on. So what that means is that if your device is connected into your computer, then that's the main use case that we are trying to protect against. And of course, I don't want to, you know, of course, the physical security is important as well. And we took some steps, you know, to take it even further and to protect Trezor against such attacks. But what I want to stress out that, you know, the most important aspect is the remote security and the remote attack protection. And it actually nicely, nicely corresponds with the feature that we've been discussing just a few minutes ago. And that's the passphrase. Because as I mentioned, passphrase is not stored anywhere. So if you use passphrase, even if you would hack Trezor, even if you would hack Ledger, even if I don't know what would happen, the passphrase is not stored anywhere. And therefore, you know, you cannot really hack it. So if you use passphrase, there's no such hack that, you know, would take anything from you. That's just that. Got it. Can we talk a little bit about the Trezor suite? Because I know that's a new feature. It sounds pretty cool. So I'm sure the audience wants to know a little bit more about that. Yeah, for sure. So that's a product we've been working on for the good past two years, maybe even longer. We just, we are right now in a beta. So it's an actual desktop app. It also runs on web, as you know, as a web browser. And we are building also a mobile app. So in the near future, you will be able to use Trezor with a mobile phone. So the app is basically, you know, like piecing all the sides and corners of the whole ecosystem together. You can, you know, it's an app that is well-fitted for even the beginning users because you can actually buy crypto. You can exchange crypto directly in the app. And of course, you can send, receive and make basically the, you know, the basic sort of, you know, financial operation that you would like to with your funds. On the sort of more hardcore users, let's put it this way, side of things, we also, we've implemented Tor, you know, for as a privacy feature and in a near future, we will introduce phone support as well. We are also, you know, on the roadmap that there's a coingeon function as well, which is basically anonymizing the transactions. So it's, yeah, we like to put it, you know, it's like a 360 sort of ecosystem where it really should solve all your needs and attract, you know, a wide range of these cases and users. Got it. So I'm curious because I was reading an article, like a hardware wallet review article, and it mentioned that the Model T can be complicated for beginners to use. So what are your thoughts on that? I mean, it seems like the suite is intended to make it easier for beginners to use a hardware wallet. So what are your thoughts on that? Well, first thought is, you know, it's, it's breaking our heart probably, but we, we actually, we really want to make it as easy as possible. We are actually in a process of redesigning the Trezor firmware as well and bringing some design improvements and the, and the whole application, and not only for the Model T, but also the previous one for, for Model 1. So for example, users will be able to, in an easy manner to, you know, input their pin codes and pass traces and recover the wallets directly from the device. So they will not even need the actual interface of, you know, the computer for that. So that's, you know, security improvements as well, by the way. Yeah, but back to this ability. So right now we, you know, like to think about it, it's sort of like a, like a mobile phone navigation. So, so, you know, if the new designs and everything, they really improve the usability. I mean, there are even, you know, swap gestures and stuff like that. So, so the, yeah, so, so I believe then that already now, but also in a near future with all the, you know, ideas that we have to roadmap, it's, it will be pretty, you know, usable. It is pretty usable device. Yeah. And I believe if like, as Mati mentioned, we, we started doing Trezor Suite also exactly for the reasons to, you know, bring it even closer to our users and to simplify a lot of design, simplify a lot of workflows and so on. So it's more beginners friendly. I, I basically believe if you are able to use an internet banking, I'm pretty sure you can use a Trezor Suite. Of course, you know, there are specifics since you have the device and we are, we've actually, we are actually just redesigning the whole onboarding process. So it's, you know, even a little bit easier. So we really believe that in a few months, we will get there when, when it's, it's just like an internet banking with a nice device in your, in your. Yeah. Yeah. Definitely. I love the concept. Can you just hold up the device again real quick, just so everyone can see it? It's, it's really cool thing. Awesome. Okay. I'm going to take another question from the audience though. Seb Saruri is asking, are there any bugs? That's a nice question. Thank you, Seb. I think was it. So, you know, in every development process, you find bugs. I mean, that's, that's natural thing. But we have a number of steps to prevent these things from happening. So for example, we of course have automated tests. So we have tests that, you know, check the firmware in the device. We have tests that test resource suite. We have automated tests that actually test both of those together. So we make sure that they actually fit together. And then we have our beloved QA for, for Knights that, you know, that take care of the product. And they actually test it manually and make sure that everything is in the top quality before the actually, actually release. Cool. Great. I'm going to do one more question before we move on. So this is a question from xbumsky. It's obviously very relatable right now with the whole NFT boom. He's asking, is it possible to make an NFT download to Trezor and use as a wallpaper on the wallet face? Not yet. Or, I mean, we do not support that yet. I'm not saying we will, you know, support it in the upcoming future. But, you know, these trends come and go and we always, like, wait a while to, to, to evaluate that and, you know, then consider implementing it. So it's nothing that you can do at the moment. But who knows, maybe in the foresee future, we could support that. Got it. Cool. Okay. Moving on to the next question, open source is a common theme in the blockchain community. So how does open source relate to Bitcoin and how does it apply to Trezor specifically? Okay. So open source, as, as the name suggests, is the concept of, you know, having all source code publicly available. And that is the case for our company, both Trezor filmwares, both Trezor one firmware and Trezor T firmware are publicly available on GitHub. So, you know, if you, if you, if you feel up to it, you can go ahead and read it, read the code from, from start to the end. And open source is definitely in our, in our heart, because it's something that the company basically start upon of everything was open source from the very beginning. Trezor suite is open source as well. So it's something that is in our hearts for, for, for quite some time already. What is great about that is that it brings great audibility. That means anyone can read it, you know, every, everybody can check what, what the code is doing, you know, you can have a look what, what we've been working on actually directly, because we do everything out in the open. And this is actually indeed happening. We have a, we have a program where hackers are trying to, you know, find, find things that would be exploited, we have researchers trying to study our code and so on. And it's really something that, that, that's, that, that works, I would say, because it's already open source for ages. It also brings an interesting, interesting situations because our Trezor was cloned many times, you know, that there are devices that just took our code and, you know, used it. But at the end, it always comes that you, you want, you want, you want the best. So you go and buy, buy Trezor directly because you want to buy it from the people that, you know, actually, actually built it. Yeah. And support the continuous development as well, like on the, on the firmware side. And also it brings me to another topic, maybe the, I would say the open source is actually inherited and the company's DNA as well. So it attracts, you know, the specific, you know, talent that, that likes the idea and likes the philosophy. And as a company as well, I think we, all the processes are, you know, built in this sense of, yeah, of, yeah, basically in the philosophy of open source. Right. Definitely. Also, Tomas, you made a really good point. You mentioned that you typically users want to buy the device from the company that actually produces it. I think that's also a really good security thing to note. Just because so many hardware wallets, for instance, there are giveaways, there are conferences where people are giving out hardware wallets or auctioning them off or, you know, contests. But I think that it's important for people to know that in order to ensure that this hardware wallet is secure, to get it directly from the source. Like, do you guys agree? I think that's really important for people to know. Definitely. It's the, it's the best, best, best way to buy hardware wallet is directly from the source. You know, I guess if you buy it from a, like, from a company that you know, for ages, for example, Amazon or some like really big established company, then I guess it's okay as well. But, you know, why risk it if you can buy it directly from the authors and from developers that is being asked? Yeah. Yeah. And also from, again, from the software perspective, Tomas mentioned at the beginning that we are, you know, building this new onboarding experience for, you know, for basically onboarding the device and the, you know, like, getting the firmware, you know, update into the device and all that. So, actually, the new onboarding has a few, you know, all authenticity checks built in. So, the users actually, you know, based on, I mean, basically the user connects the device to the computer and then the program, you know, ask him or ask her, you know, certain questions. And then they are, like, you know, verified against the, against the state of the device. And then we can judge whether, you know, the device has been tempered with or not. And there are even some, you know, offline, offline checks that just, you know, seal the device and stuff like that on the packaging as well, which should prevent, you know, the unauthorized tempering. Yeah, that's awesome. So let's talk a little bit about coins and which coins are supported on Trezor. I know we've got a question here from one of the audience members from PK. He says, when will Monero be supported in the suite? Great question. Thank you for that. So, actually, we would love to support Monero directly in Trezor Suite. It's just that Monero is not one of the easiest coins to support to put it that way because the cryptography is cutting edge. And although we do support Monero in Model T, we actually do. It's just not yet in Trezor Suite. It works only with the official Monero wallet. So we would like to, it's just take some effort. So, you know, it's not going to be tomorrow, but we would like to have Monero in Trezor Suite. What do you think? Okay. Yeah, I mean, maybe I can add on in general sort of strategy of, you know, supporting different coins. As, you know, I mentioned the NFT moment, you know, before, we are kind of, you know, reluctant to work with all these kind of frenzies and jump on the next new thing that's out there because of course, that's risky from not only from the product perspective, but from the business perspective as well, because it needs to, you know, has, you know, it needs to have an audience and user base and stuff like that. So, so we actually think about this, about, I mean, in terms of the supporting different coins more in a quality than the necessarily the quantity. So, so we, you know, like when it comes to prioritization, we would always probably give a, you know, priority something to develop more, you know, like rich features around a certain coin when jumping to the next thing that just came up. Yeah, definitely. Actually, that is, that's a good transition to the next question from PK, an audience member, he's asking, when can we expect a coin control feature? That's a good question. It's actually on the under roadmap already. I know, speaking of the open source, the roadmap is public on our GitHub. So, and you can find a link on our on Trezor Suite landing page as well. So, so coin control is there. I'm expecting to have it released by either June or July. It should be there. Cool. Okay. And I just want to remind the audience, please continue sending your questions. I'm getting them. We're getting a ton of good questions. And also be sure to subscribe to the YouTube channel because it's awesome. And we do really great AMAs like this all the time. Okay. So next question, not from the audience, just just for me, a general question. So KYC and AML regulations are becoming a common theme with the rise of Bitcoin. So how does Trezor and the Model T in particular address these concerns? Yes. So privacy is definitely one of the topics that we are trying to address in addressing that we are addressing very furrowly. We've actually introduced a very nice feature in Trezor Suite about a few months ago. I don't remember exactly. And that is Tor. So Tor software is a piece of software that's very popular among privacy advocates. And what Tor is doing, that it actually routes all your traffic through a number of hops or through a number of servers. So instead of communicating from A to B, Tor actually takes the traffic and puts it through a number of different hops. So the end server actually doesn't see your original IP address. It sees address of one of the hops before that was there before. And those hops change all the time each few minutes. It all mixes all together. So this way, if you're using Tor and the destination, the server does not know your original IP address. And that is something that we have implemented in suite on a single click. So you have it in settings. You have a Tor enabled checkbox. You just hit it and there it goes. Trezor Suite starts Tor directly. You do not have to install anything else. It's directly bundled in. It spins up Tor and it routes all traffic through Tor. So basically this obfuscates you and anonymizes you pretty well. And this is a feature that we already have in Trezor Suite. It's really one click, one click thing. So that's Tor. And also I might elaborate on the fact that Trezor and actually also Trezor Suite, they work also without our company. What I mean by that is that if our whole company is canceled tomorrow, if we decided to go home, everyone, and just stop working on everything, it will all work. It will still keep on working because everything is open source. Trezor devices are actually supported by Electrum. So you can actually use third-party software as well, not our software. And what we also plan to bring is the support of the actual Bitcoin node. Because currently you do join, you do connect to our servers that give you info about addresses and how much Bitcoins or other cryptocurrencies you have. And you can obfuscate yourself through the Tor feature that I've mentioned previously. But what I want to point out is that we are also considering, or we've actually decided, it's on the roadmap already, that we would like to bring a complete Bitcoin node support into Trezor Suite. So similarly to Tor, you will just have a one-click button and you will download the whole blockchain and you can actually have the whole Bitcoin thing inside Trezor Suite. It will take a time, so please just give us a few months or give us a little bit of time for that, but we will definitely deliver this. Cool, sounds good. Okay, I'm going to take another question from the audience, from Michal Steno. He says, hi, Tomas and Matej. The first question is, he wonders when Polkadot Dot will be a supported coin on Trezor devices. And his second question is, passphrase wallets do not work with Daedalus? Any plans on fixing it or is it a problem in Daedalus? So as far as I know, that's the problem in Daedalus. As far as I know, I can be mistaken, but we're more than happy to have a look at that. We've done some changes like a year ago about how passphrase are handled, so we can discuss with them to fix that. And on the first question, we do not plan to support Polkadot just yet. We actually, as Matej mentioned a little bit, that we want to focus on the quality, not directly quantity. We actually would like to first support everything that is supported by the Model T to have a support in Trezor Suite. What that means that we currently support Cardano, for example, we support some other coins in Model T, but we do not support them in Trezor Suite. And users have to use some third parties wallets that we do not control the UX there. So we are kind of limited about the whole user experience there. So we would like to actually first merge those two worlds, meaning that we would first like to have everything that is in Trezor, we would like to have that in Trezor Suite. And after that is done one cryptocurrency at a time, then we would like to re-evaluate what is the next coin that we would like to implement in both firmware and Trezor Suite. Great. I'm going to take another question from the audience real quick. It's from Sunny Sine. He's saying exactly what metadata is collected and leaked using Trezor Suite or simply Trezor. Okay. So as I've mentioned, if you're using Tor, you are all good because the IP address is different. We are logging some information about who's connecting, who's connecting, and so on. But those are only in the blog book, which is like a piece of software that tells us which addresses how many Bitcoins and so on. So there are some logs, but they are rotated daily or something. I think it's daily. I'm not 100% sure. Maybe it's once in two days or something like that. But we definitely do not store them. So it's just like to have some basic, to have a look if something goes wrong and so on. So that's one part of the question. And the second part, we also, in Trezor Suite, you have the ability to send us data about how you're using the app. But that's 100% voluntary. We ask you during the onboarding so you can turn it off if you wish not to send us, of course, anonymized usage data. But even those data, obviously, we do not send information such as how much cryptocurrencies you have or how much Bitcoin you have and so on that's forbidden. So that's definitely not what we are collecting, even if you would like voluntarily say that you are okay with that. And yet again, I would like to sell the Tor feature because if you enable Tor, then all logs or any data that even can be collected by us are anonymized and the IP address is not yours. So there is definitely not anything that can be leaked or abused. Right, definitely. So next question is mass adoption around cryptocurrencies and Bitcoin is happening now and it's obviously going to keep happening, moving forward. So how does this influence Trezor and what is Trezor doing to ensure adoption of cryptocurrency moving forward? Yeah, so maybe I can take that one again. So I mentioned that we are incorporating other features that are not just the hardcore features, maybe Tomás mentioned Tor and Full Note and the Conjun has been mentioned as well. So one way to look at it is like the usual story would be, I mean, if people start researching how to start with Bitcoin or how to get started with crypto in general, there would be probably advice to go on some exchange and buy the first coins and do that. Luckily, you can do that already in Trezor speed as well because you can buy your first crypto there with a credit card. It's a very simple process through a partner company. It's actually our sort of company. It's called Inviti. You can check it out on inviti.io. It's a company that it's in the Satoshi Labs Group and they're providing these features by sell, exchange, even spend where you can exchange crypto for services basically by vouchers for different Amazon, etc. So these, if you think about it, it's basically these features that give the general public and the mainstream users the option to get started. Basically, the barrier of entry into this whole world that may feel technical to some or the most maybe is actually these features supposed to help you with that and navigate the users through quite technical world. Also, we are building our new knowledge base that supposed to be super user friendly. It will be accessible directly in the app. So basically, whenever there is some Bitcoin or any coin, basically specific feature, it will be explained directly to the user within the interface. So they should be able to get onboarded on the future very easily and sort of see more slow within the same space. Yeah, I just wanted to add that also what we would like to make happen this year is localization into native languages because obviously that's one of the main usability aspects as well. Of course, we currently support only English, which is the majority of our market, but still we believe that localizing brings great potential because that way we can really increase the mass adoption and then we can ease up the onboarding process for all the people around the world. Our idea is that we would translate also the devices, not just the treasure suite, but we really want to make the one step further and actually translate the devices. And actually, if I may to elaborate on the exchanges because what I believe is important to realize is that if you have your coins on an exchange, the coins are actually owned by the exchange because they just have like a database and they say, Matei has 100 bitcoins. I have 1000 bitcoins. Well, I wish, but I mean it's just a database that says how many each user has. But that's very different to how hardware works for you because hardware, we do not actually store your coins. We store the keys, store the private keys that you need for accessing your coins on the blockchain. So I'm not sure if it makes sense for beginners, I hope so. But there is a fundamental change in that because we are just protecting the keys and the keys are directly connected into the blockchain. There is no middle man, there's nothing in between, it's just your keys and therefore your coins. Right. I mean I think another important element for beginners because the online exchanges, they make things easy. And for instance, if you want to sell or take your Bitcoin and put it in your bank account, how does that work with Trezor? You can actually, within the ad, you can, Tomasz mentioned as well, you can, if you buy Trezor tomorrow or today and you download Trezor Suite, I bet that within three to four minutes, you will be able to buy your first Bitcoin even if you have zero experience of crypto. Maybe I can add a few more minutes with the onboarding because you actually need to set up the feedback strapperly and we will help you with that, make all the authenticity checks that I mentioned before. But let's say, within five minutes, I think you'll be able to buy your first Bitcoin and you can make sure that it's yours. It's not any other entities, it's actually yours. For example, on the other side, if I let's say Revolute Ad is very popular, I think these days in Czech Republic, for example, where we are based, if you purchase the Bitcoin there within a few tabs, you actually bought it technically. But if the company goes bust tomorrow, then you lost the funds for sure. There's no way to recover them. Whereas in our ecosystem, basically, you own the funds and you are the only owner of the keys that basically make you, that provides the access to the blockchain where your funds are stored. Got it. I'm going to take a question from the audience. It's actually a really great question from Rahul Manikari. He's asking, when do you plan to launch the staking feature? Yeah, so for staking feature, we first need a coin that has proof of stake in the blockchain ecosystem. I believe Cardano could be the first because, as mentioned, that's definitely on the roadmap. I don't want to make any promises, but I believe in two to three months we could have Cardano in suite and then staking is almost there. So I believe soon. Cool. Okay. I'm going to do another question from the audience. So from Humpty Dumpty, he's asking, is it safe to use the treasure on a compromised PC or PC infected with malware or viruses? Great question. Thank you. So the important thing that everybody needs to know is that you always need to check the device. I mean, what the device says, that's the truth. That's what is actually happening. So if your computer is compromised, if you have malware, and it says sending Bitcoins to address A, but then your device shows that you are actually sending Bitcoins to an address B, so it does not match. Then something is really, something is going on wrong and you should be very careful about what you're going to do and you should basically abort the transaction. But what is important is that the device has the display, as mentioned, Model T has the touch screen. So it tells you the information that the device does, is doing actually. So if your malware says I'm sending coins to address A and then the device says I'm actually sending it to somewhere else, then the malware cannot touch the address that is shown on the device because that's the accurate thing. That's what's actually being done. So thanks to the displays on both of devices, you can actually verify what is going on. Cool. Awesome. Just a reminder to the audience, please keep sending your questions. We're getting some really good ones coming in. So obviously these guys are here to answer all of the questions that you may have. I'm going to take another question from the audience. Let's see here. There was a good one that I saw. Okay. So this is from Rahul Menikari. Why is there a micro SD card slot in the Trezor T? What are you guys planning to do with that? And can you show that again, what he's referring to? Sure. I'm not sure if you can actually see it. Maybe a little bit, right? So yeah, there's a little place for SD card just right there in the Model T. And so yeah, so this is a feature that like our ability to provide a feature to Model T via SD card. So there are a number of ideas that we have, or some of them already implemented. For example, we have really hardcore feature, which we called SD Protect. What that is doing is that it sets, it actually uploads some random piece of data onto your SD card, and then you actually need the SD cards to unlock your Trezor. So normally you have PIN, like a normal PIN number that you need to enter to access your Trezor. But with this feature, you actually need the PIN and SD card. So it's yet another layer of protection. If you are really worried about physical attacks, then you take the SD card out and you can hide it anywhere. This is, as mentioned, a little bit hardcore feature, I would say. It's really for the advanced features. So that's one of the features. And then Matej, if you want to elaborate on the labeling, that's what we are considering as well. For sure. On the Trezor suite side, we have a feature that we call labeling, but basically that's an option to rename transaction addresses, accounts, etc. It basically makes the whole interface more usable because it's more customizable, because you can basically rename pretty much everything, all the blockchain-related transactions. And so there are a number of options to have to store the labels. One of them is locally in the memory of the app being on the desktop app. The other options are basically cloud services. Right now, we support Google Drive and Trebox. And the feature that we have planned on the roadmap is that you could store the labels on the SD card as well, in the device. Yeah. And just a small side note to that. The data that are stored either locally or in Dropbox or Google Cloud or whatever, they are actually encrypted by Trezor. So we do not share your data in a plain text. We encrypt it using the keys that are stored in the device, and neither Dropbox or any other company can touch them because all they have is the cipher tags that they actually cannot get into because they do not know the the pen and so on to encrypt those. Yeah. What I think is really cool about the Model T is that it's designed for beginners and also for advanced users. And you don't see that a lot with hardware wallets. I feel like a lot of beginners are just scared of hardware wallets naturally. But this gives them the option to really feel more comfortable with using a hardware wallet. That being said, I'm interested in knowing from both of you, what do you think, what are your favorite features about the Model T? Like what's the most unique feature in your opinion that makes this hardware wallet just above and beyond? So maybe I can start. I love some features that we have on the road, Matt. And I mean, they are small improvements, not necessarily on the security or privacy side, but like a nice easy and nice sort of touches to the interface. So soon you will be able to actually lock the device by touching it sort of. That's not an option as of now, but you will be able to lock the device by interacting with it. As of now, you just have to sort of reconnect it or wait for the timeout because you can set up how fast or basically when the device autologues itself. So that's one of the features I like. You're also redesigning something what we call bootloader because in the process of the firmware update, which it may be interesting to say that we actually send the firmware updates, I would say on average every two, three months, if I'm not wrong, Tamash, but basically on average in this time period. And during the firmware update, you always have to go through this bootloader, which is basically like a low level system in the device that you need to get to. And right now we are redesigning it so you will be able to access it directly from the TracerSpeed interface. So you will just click button and it will help you to get into that mode because before you sort of, or as of now actually, you still have to keep touching the display and then connect the cable and it's sort of cumbersome to get in the mode. So it is all because also with the firmware updates, it's a security feature as well because the firmware updates always bring some new security improvements into the whole ecosystem. So again, we are thinking of how, like, what are the next steps? How can we even make it even more easier for the users to do those? So that was just a few examples from my side. Yeah, and I totally agree. So I've already mentioned the Shamir backup at the beginning, so that's definitely one of my favorite features. And then also the display because it's nice, it's colorful, it's touchscreen so you can use it very easily. I can show it again how it looks like. I mean, my camera is not very good, so I'm not sure if you're getting any of that, but it's very nice and you can type directly on that. So that's really neat. And yeah, as Mate mentioned, it's not just a design thing, it's a usability feature because one of my favorite modos is that security at the cost of usability comes at the cost of security. I mean, I'm sorry, I don't remember the author. I apologize in advance, but what that basically means is that the usability has to be top-notch. It has to be great because otherwise, users do not follow the best practices and so on, and they can make an easy mistake. They can do something that could endanger them or their funds. So we're really trying to improve, we actually try to improve all those main three aspects that we have talked about, that it's usability, security, and privacy. It's all those three aspects, something that we are trying to improve every day. Cool, great. And audience members just keep sending your questions. We've got about eight minutes left in the AMA, so we're still taking questions. This question is from an audience member from Rahul Manikari. He's asking, Grace Singapore is selling customized treasure tea with a shiny metal body. How secure is that? Do you guys officially support that level of customization as those need to be removed from plastic housing? Yes, that's like an official cooperation or to put it, actually the firmware that is running there is exactly the same as this running in our devices. So the chips are the same, the electronics inside are the same. It's just that they are making their own plastic case, which is a little bit more shiny. So yeah, and also what might be interesting to our viewers is that you can actually build treasure yourself. I mean, if you are into DIY kind of project, we actually on our GitHub, you can find a tutorial on how to build both model TA and model one, because everything is publicly available. You can buy all the components on eBase and so on. You can put it all together and then you download our firmware and it will run on your DIY treasure the very same way as it runs on the official devices. Yet again, it's more of a, I mean, it's for those interested obviously, otherwise, the more straightforward approach is to buy it directly from us, but it's something that we have in mind and we don't want to do an event or lock in or something like that. We really want to give the ability to build it if you want. Yeah, that's so important. I think in the blockchain space just to have that flexibility, that openness, I think that's what the whole space is really about. So that's awesome. Next question from the audience member Cal Toro. He's asking, will Binance Smart Chain be supported by Trezor? So we currently support Binance Coin. That's what we support in the firmware. We do not support it in Trezor Suite as of now. Yet again, it's something that we are evaluating. We don't want to spend 100% of our resources to keep doing one cryptocurrency after another. It's just something that we want to think about and do it a little bit slowly and you have to think about it a little bit. So no ETA yet. Something on the roadmap it is, but again, I don't think that's going to happen anytime soon. Okay, so we have about five minutes. I think we have time for just a few more questions from the audience. If you guys have any, just keep them coming. I'll try to get to them. This question is from Learn Simple. He's asking, is it technologically slash theoretically possible for a compromised PC to steal keys from a device? So theoretically, everything is possible. I would be lying if I would tell you, but from the reasonable point of view or from everything that we know, from everything that human knowledge, as we know it, it's not possible because the keys never leave the device. The keys always stay in Trezor and Trezor is actually only doing some operations that you specifically tell the device to do. So a typical example is that you want to sign a transaction. You want to send some coins from one address to another and the Trezor asks you if you really want to do that and you have to confirm it with your actual fingers. There is no way to get the keys out of the device. We do not send them from the device into the computer. That's what the whole architecture is about, that we only do the cryptographic operations. We only do them inside the device, but the keys never leave the device. Cool. We've got a few minutes left, so I'm just curious before we do any more questions, Matej and Tomas, do you have any just additional comments that you want to throw out there for the audience to know that we didn't cover yet? Yes, so maybe one general thought, depending of course on the maturity of the audience in the crypto world. But if you are scared of Bitcoin or crypto, don't be. Try to experience with it. It's a lot of fun. I myself went through the process not that far ago. I'm not like a crypto, I have to say, but basically I'm not in the world for like past 10 years or something. And still it provides great experiences in terms of, yeah, basically it's like philosophical topics that we talked about. It's something that crypto brings to the world and Trezor helps to grasp it and to use it in a nice way. So yeah, I would just like encourage everyone to do that and ideally give a try to Trezor and the whole ecosystem that we are building. Yeah, Matej put it quite nicely. Also, if anybody is interested, we are hiring. We have some interesting positions we can check out online. And yeah, I would like to thank everyone in the Trezor company because we are here as an ambassadors, but obviously they've done all of the great work, so sending high to our company. Cool. It's good to know that you guys are hiring. I mean, right now it's women's international month. And so we're trying to get more ladies involved in blockchain. I think it would be great to see, you know, more women in the space. So ladies, they are hiring awesome company. Also, before we end, if our audience wants to get in touch with either of you or with the team, if there are support issues, where do they go for that? I think they can also, they can definitely find out some github because github as was mentioned, everything's public there. So so you can you can do that. We also have, you know, company most we can probably share them. I think we are both some LinkedIn as well. So if you Google our names, you will definitely find us and get in touch if you wish. Yes. And like our website is trezor.io as you will definitely find the link somewhere quite easily. And in case of some questions, problems, and so on, you can definitely hit our great support team, which is support at trezor.io. And they will definitely help you with any any problems that you might have. Very cool. Well, Matej Tomas, it's been a pleasure. Thank you so much. Thank you to the audience for joining and engaging with us. And remember to subscribe to the YouTube channel because we will continue doing very fun engaging AMAs like this moving forward. So thanks again, guys. Thanks very much. Thank you. Bye, everyone.