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Topic
Board Project Development
Re: Coinplate - a new, ultra durable Seed Phrase Backup solution
by
foggoat
on 07/09/2022, 14:22:26 UTC
I do appreciate the effort and that there are many different companies to buy seed phrase backup option, but still I always wonder why so many companies do the exact same thing. There are so many seed backup plates already that are like yours only a piece of steel with some fields on it. Maybe you could tell why your backup solution is better than others on the market?

Like on every market, there are multiple manufacturers because each of them has different ideas on how to achieve the given functionality. Some are focusing on low price, others on high volume production and some are offering sturdy, high-quality products like us.

What I wanted to achieve is to provide simple to use, ultra durable solution to the problem of storing your seed phrase for long time. We aim at durability that will hold your seed safe for 10,20, 30 or more years. If you would like to bury it in the ground, go for it, it will surivve. Would you like to put it inside a wall and forget? not a problem. Our backups are made from super thick plates and engravings are very deep. Also the design protects your seed inside the thick steel sandwich so it is protected from getting scratched or else.
 
In my opinion most of the devices on the market focus on being just durable enough while being cheap and easy to manufacture. It is not our case, we first thought about making it as durable as possible, not skimping on metal.
Our products weigh a lot, the stainless steel used is actually most of the cost. Other solutions use much less metal and are probably much cheaper to manufacture but 1 or 2 mm plates are not the same in terms of durability as our 2x5mm plates. Also, deep engraving takes a lot of machining time on proper high-power laser machines. You can check the last round of Jameson Lopp tests to see that other manufacturers often cheap out on this and just etch the markings on the surface so it is destroyed easily.

We went overboard with Coinplate design and made it excessively durable. Coinplate weighs over 2.5 lbs or 1 kg and is made with heavy-duty Stainless Steel. Both plates are 5mm or 3/16″ thick (gauge 6) and are joined together with stainless steel bolts to form a steel slab 10mm or 3/8” thick. This is much thicker than our competitors and we make it that way so you can sleep safe. Coinplates should survive getting run over by a truck as well as being shot with handguns. There is no reason to do that but that means it will survive massive drops or being crushed by a house rubble in case of disaster.