I can't think of any legitimate reason which is frustrating because like I said, I own the Trezor T already and hate it and don't want to use it, the Trezor One is better all around but I want it to catch up and support the coins the T does and other devices like the Ledger does.
- Trezor uses a Hierarchical Deterministic wallet(HD Wallet for short. Using an HD Wallet allows your Trezor to manage multiple bitcoin accounts with multiple addresses while still being recoverable with a simple 12-24 word seed. BIP32 - the cryptography behind how Trezor generates the keys for your bitcoin accounts from the recovery seed.
- XPUB and Trezor. As Trezor is an HD wallet, it uses XPUB to generate all the public addresses for a given wallet. To learn how to display account private keys in Trezor Wallet, see Displaying account public key (XPUB). The XPUB can be used to generate a watch-only wallet in certain third-party wallets and services.
Trezor is a hardware wallet providing advanced security for handling Bitcoin and other cryptocurrencies private keys.
Unlike traditional cold storage methods (offline storage or paper wallets), Trezor makes secure payments without exposing your private keys to a potentially compromised computer. See Security philosophy for more info.
- 3Using Trezor
Trezor One vs. Trezor Model T
Trezor One offers everything needed to protect cryptocurrency funds together with advanced features like Password manager or U2F two-factor authorization.
For more information, see Trezor One.
Trezor Model T is the premium version of the hardware wallet. In addition to the functionalities of Trezor One, it has a colored touchscreen for secure on-device input, modern design, an SD card slot, and some other more advanced features.
For more information see Trezor Model T.
See also this comparison table.
How does it work?
Trezor is a small single-purpose computer. It is designed to protect your private keys from possible online and offline risks. To do this, Trezor keeps the private keys away from the Internet and confirms the transactions in-device. That way, you can always check the screen for the right address, amount and transaction fee before sending your bitcoins.
In layman's terms, you can connect Trezor to an infected computer and still be able to have 100% control over the funds in your device.
Find out how exactly Trezor is designed to provide excellent security:
Do you want to know how Trezor protects you against various attack types and what to do in dangerous situations?
Using Trezor
Trezor Wallet is an easy-to-use browser interface for Trezor. Using the Wallet, you can easily set up the device, manage your cryptocurrency assets, initiate transfers to other services or friends, and more. It is also possible to use your Trezor device with other wallets, eg., Electrum.
Sending transactions
Have a look at how easy and comfortable it is to send transactions:
Receiving address phishing protection
Make sure that an infected computer has not changed the receiving address you have provided to someone else. The 'Show on Trezor' feature has been developed specifically for this purpose:
Sign & Verify messages
It is also possible to sign and verify messages using Trezor:
Backup and recovery
When first activating the device, you are asked to write down the recovery seed phrase.
This means that in case your Trezor is lost or stolen you can easily retrieve your funds another Trezor or any other compatible wallet.
Advanced Settings - Passphrase
You can further improve the security by using a passphrase and or multiple passphrases to create so-called 'Hidden Wallets'. More details here:
Advanced features
- U2F
How Does Trezor Generate Keys 2017
You can use Trezor as your second-factor authentication (U2F) token with services such as Google, GitHub or Dropbox. A further advantage of Trezor is that its users can truly verify what they are about to authorize on the device display.
How Does Trezor Generate Keys Without
- Password Manager
How Does Trezor Generate Keys Download
The Trezor Password Manager allows users to manage all their passwords and digital identity with the Trezor security and encryption. The Trezor Password Manager does not require remembering one master password, as access is granted by pressing a physical button on your Trezor device. Your passwords are stored on Dropbox or Google Drive in an encrypted form using the private keys derived and safely stored in your Trezor.
- SSH login
With the Trezor SSH Agent, administrators can enjoy passwordless and secure authentication to their servers.