Every line of code that touches your money is public. Here's why that matters.
Tangem claims transparency. Here's the reality:
The most critical code — the firmware that generates your keys, stores them, and signs your transactions — is the one thing Tangem keeps closed.
That's like a bank saying "our vault door design is proprietary, just trust us."
Every line of code that touches your money is public:
The hardware secure element (NXP J3R200) is the only closed piece, and that's independently certified EAL6+ by third-party labs — same grade as Tangem's Samsung chip. The chip is trusted. The code running on it is verified by the community.
No. The opposite.
The card's security comes from the hardware — the NXP secure element physically cannot export private keys. That's what EAL6+ certification means. Independent labs verified the silicon is tamper-resistant. No amount of code reading changes that.
The applet running on the chip does three things: generate keys, store keys, sign hashes. These are standard cryptographic operations. There's no secret sauce. Hiding the code doesn't make them more secure — it just makes it impossible to verify they're done correctly.
Every serious cryptographic system in history is public: AES, RSA, SHA-256, TLS. The algorithms are known. The security comes from the math, not the secrecy.
This is called Kerckhoffs's principle — a system should be secure even if everything about it is public except the key.
Your private key is the only secret. The code that handles it should not be.
Anyone can buy blank NXP J3R200 cards, compile the FrostCard applet from source, and flash them themselves. They don't need to buy from us. And that's exactly the point.
The people who flash their own cards are:
When these people say "I built my own FrostCard from source and it works exactly as claimed" — that carries more weight than any marketing campaign. That's unimpeachable trust.
Then they tell normal users: "Just buy the pre-flashed card, I've already verified the code for you."
Tangem can never have this. Their firmware is closed. Nobody can independently verify what's running on a Tangem card. In crypto, that's a liability.
Full transparency is the moat. The code is the proof. The community is the marketing team.
FrostCard — The first fully open-source NFC cold wallet for Kaspa