Topic: ASICVAULT: The Most Secure Cryptocurrency Hardware Wallet - page 2. (Read 12056 times)

what a shame...   But if fact i see no confirmations of his scam activily in the internet.  If it was, there would be stories about him, won't they?

Got some feedback from Estonia and Latvia on Asicvault. There has been at least five similar scams generated by Asicvault's CEO Hando Eilsen. Tens of his partners and investors have lost money investing in his "100 times better" or even "1000 times better" schemes: search engines, internet casinos etc, and the wallet here (hopefully some relevant court cases will be available for me soon).

But the worst thing is that Asicvault proceeds with selling non-existent product and tricking people into buying it. Judging by the previous schemes I guess the point here for Asicvault is to get money from new investors. That's why they still try to suppress any negative statement in social media and show the bogus as a real product. Maybe the Asicvault team believes it can pull through with the new money and finally release the product - but in fact they are just packing the pockets of a notorious scammer.

Do you think they were scamming from the beginning, or they just were not able to keep with the pace of the product's development?

If you are performing 2,000,000 rounds, It may add more time for a cracker to break it but won't that be a downside for the user as well? as It will take a lot of time until his wallet is initialized.

Do you think they were scamming from the beginning, or they just were not able to keep with the pace of the product's development?

their phone is off or autoresponder, their address indicated at heir webpage is not real, they do not respond e-mails.

Can asicvault comment on this "Full Node" feature, please ?

What? How are you going to run a "full node" on a device with 120 MEGAbytes of storage... when the current blockchain is something like 180 GIGAbytes?

Or are you supposed to hook it up to an external storage device? and then somehow network it? There is no information regarding this... just a "Full Node" icon listed under "Functions".

What has attracted me the most about this wallet, is the ability to run a full node in it.

I would like to slightly correct the previous answer about water resistance. The device was first designed and has been advertised to have at least IP67+ water resistance.
During the enclosure design refinements we have decided to fill the device entirely with epoxy compound. Our aluminum enclosure already has thickness ranging from 2.0mm to 6.5mm and this further prevents enclosure deformation - effectively moving AsicVault device into diving watch territory. However, we currently don't have immediate plans to test our hardware wallet under water at deep diving depths.

[*edit* i meant that Ledger can hold only up to 5 apps at the same time, meaning that all currencies you have are still there, but you can actively transact only in up to 5 of them.

Of course it is legit, I stand behind every single claim made on our website https://asicvault.io
AsicVault can be called a true hardware wallet since we have designed all key components in hardware, not in software.
We have written over 77,000 lines of Verilog/VHDL code (hardware design), together with testbenches over 550,000 lines.
This is more than Bitcoin Core client code size - all in hardware.

Now, some people have questioned what 1,000 stronger security means? I will explain.
When you initialize your hardware wallet, a very big random number is generated, forming your 24 seed words.

As a standard, other hardware wallets are doing just 2,000 rounds of PBKDF2 SHA-512 to derive private keys from these seed words.
During the same time we can and are performing 2,000,000 rounds! This is 1,000 times more!
When using the same length passphrases, AsicVault is always 1,000x more expensive and time-consuming to crack. For example:
If it takes 10 days to crack an ordinary hardware wallet, it would take 10,000 days ie 27 years to crack AsicVault.
If it costs $10,000 to crack an ordinary hardware wallet, it would cost $10,000,000 to crack AsicVault.

Well, of course assuming that you can even extract the seed phrases from the device in the first place.
While others have said that there is no point of encrypting the seed phrase and it is totally fine to hold it in RAM, we think the opposite.
The main reason given for not encrypting seed phases has been that the encryption key has to be stored in Flash and it is as easy to extract.
This has already led to successful hacks and more will come in the future.
This is true for non-secure microcontrollers that lack the sophisticated hardware required for proper key storage, like SRAM-PUF.
Physically Uncloneable Function does not store the encryption keys in non-volatile memory, they are invisible when the device is powered down.
https://en.wikipedia.org/wiki/Physical_unclonable_function
AsicVault does not rely just on PUF, we are using multiple layers of encryption everywhere.
We have a very fine unique 75nm mesh around the electronic components protecting them actively from outside intrusions.
If you destroy the mesh, your encryption key will be broken as well.

And your paper backup inherits exactly the same security benefits described above!

In the op, is that a rendering or it is the actual product? Because it does not look real! Can you please clarify if the product already exists? If not, when can it be available? What coins and tokens will support?

Very nice explanation. At least we know a representative exists from ASICVAULT  

But when do you expect the real shipments of your equipment?  It was promised for April, as i remember.