INTRODUCTION
With cryptocurrency being the new world order, safeguarding these digital riches is now also the the biggest problem facing the blockchain technology. The more cryptocurrencies attain more value, the more it attracts hackers and scammers to attempt all forms cyber attacks. A cryptocurrency attack is achieved by either malicious attack, negligence or the combinations of both.
An attack on a cryptocurrency wallet or address is achieved by initiating an illegal transaction using user private keys, phishing, hacking of nodes hardware required for a transaction,preventing you from accessing your crypto wallets, etc and irrespective of who you are (crypto veteran or newbie), what you transact and amount held as digital assets, you can be scammed and hacked BUT how do you stay safe from all forms of security threats?.
Different methods have been initiated in order to stay safe in all cryptocurrency dealings such as :
- Private/public key verification.
- Multiple signature system.
- Hot wallet (online wallets)
4.cold Paper wallets (prone to human error),etc
But non of all these methods have yielded a guaranteed result but from the knowledge of the iPhone security and privacy system, a phone defence system will be exploited so as far as unauthorised files are allowed to be downloaded over the net or shared between unknown source. This therefore leaves only the cold storage( offline wallets in specific) as the only guaranteed storage mechanism to safeguard your cryptocurrencies. This type of storage is completely offline and isolated which requires an input to connect to the internet.
Till today not a single case of attack have been reported about the hardware wallet storage system. The goodnews is that protecting yourself from security threats have been made easy by the COOLBITX crew who have dropped the COOLWALLET cold storage system for two reasons:
- Security and flexibility
- Recovery of funds incase of stolen and lost wallets.
The COOLBITX company has designed this storage system with multiple offline vault capabilities by combining security, mobility and flat-out coolness to a credit card sized hardware wallet that maintains maximum physical flexibilities, water and heat proof protection, smart, over-the-air software and firmware update experience in safeguarding user valuables and digital riches.
HOW IT WORKS?
To develop this forts of it kind COOLWALLET, The coolbitx company partnered with with JoySo, a hybrid decentralized secured exchange to provide a convenient (anonymous, no registration needed) , fast and private setup to completely secure cryptocurrencies(BTC, ETH, litecoin, other ERC20 tokens) offline (isolated) and run the mist easy of transactions when dealing with exchanges. In running a transaction, all you need is to carry your COOLWALLET( offline card sized hardware) and synchronise with the COOLBITX mobile app via an encrypted Bluetooth wireless connection and begin to run accurate, secured and quick transactions anytime and anywhere in the world without the fear from any security threat.
Meaning you have a complete end-to-end, on-the-go secured use and control of your cryptocurrencies and it dealings through a secured and isolated offline card (COOLWALLET).
CHARACTERISTICS OF THE COOLWALLET CARD
- Secured And Isolated Cold Storage: The cool wallet enables the storage of cryptocyrrencies (BTC, ETH, etc) using a common criteria EAL5 and Certified secure element microchip which is free for coolwallet users and support update that enhances the storage of new Cryptos.
- Durabilty And Mobility: This card sized coolwallet are perfect for both short-term and long-term crypto holding and on-the-go storage because of its unmatched durability (water proof, light weight, heat/cold resistance, etc), flexibility and unmatched protection against misplacement. This ensures the usage of coolwallet services anytime and anywhere in the world.
- Encrypted Bluetooth Connection: The coolwallet card storage system makes use of a completely wireless encrypted Bluetooth connection that enables users to send and receive cryptocurrencies securely, efficiently and simultaneously. This new standard of connection was initiated to ensure that all user transactions are secured, quick and accurate.
For more information, kindly click on the links below;
Website: https://coolwallet.io
Reddit: https://www.reddit.com/r/CoolWallet/
Telegram: https://t.me/CoolWalletS
Twitter: https://twitter.com/coolwallet
Facebook: https://www.facebook.com/coolwallet/
Authors Details
Bounty0x Username: Elmichaels