Topic: ASICVAULT: The Most Secure Cryptocurrency Hardware Wallet - page 3. (Read 12056 times)

The hardware purse is a cold store for the cryptonym, and looks very much like a USB flash drive - a compact device that can be connected to a computer with a light hand movement. When connected, you can use the purse for its intended purpose, and outside the computer it turns into a cold store. The advantages are obvious: we can not part with our bitcoins and everywhere carry them with us, spend anywhere in the world or safely store it outside the network coverage area. Convenient, compact and reliable!

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!

Well, it might be legit, there's no guarantees that they're going to pull through with the pre-orders.
That said, if these become available for direct purchase, I'd definitely want to buy one.

Looks way better than the ledger nano and Ledger blue, that's just purely my own taste though

If it's legit and I was wrong in my posting before I'll apologise in advance. I've just seen so many scams over the years that it's hard to give the benefit of the doubt.

everyone who ordered device will get it...       When?   They promised devices to be shipped in Winter, now is summer already.

even nicer pictures than half a year ago. hopefully this time it all goes beyond that

Thank you eternalgloom, I personally like the design a lot too.  Here are some recent pictures:





So, challenge me about anything on the technical side and I am ready to prove it, explain it in detail and show it to you.

 

I really like the design of this wallet, I know that that's not the most important feature of this hardware wallet, but just wanted to mention it anyway.
Though, I do think that even the cheapest version is pretty expensive, with prices starting at 199 EUR.

I really wouldn't be pre-ordering these at those prices and with some claims of it being sketchy.

Got an answer from their Latvian promoter https://www.facebook.com/viestursp :
Hi, product (HW part) is ready for some time, now development team is working on software for it. Software i demonstrated is still in demo/beta version we will send out units when all softwre tests will be done. dont worry everyone who ordered device will get it 🙂

This whole thing seems very sketchy. The marketing itself just reeks of dishonesty from the start. I'd be surprised if this actually turned out to be a legit project to be honest.

You can call it whatever you like - the fact is that people payed for the device half year ago and nobody has received anythings and the team is virtually hiding itself. 

It is interesting that such system of self-destruction? I think for users there is no difference between the fact that hackers steal coins and the fact that the keys are self-destructed when you try to hack. Lol! 200 euros is a small security fee but I think it would be more profitable to sell such things on credit for the cryptocurrency.

The most hilarious phrase that jump in my face immediately while I was reading that, was: 1000 times better than Ledger Nano, at least manufacturer saying that, lol

That's a huge-ass claim right there. Reading the information on their site, I felt like I was reading a buzzword-heavy ICO whitepaper. Makes me a bit skeptical. Though I won't immediately come to conclusions of course. Time will tell if this is actually a good hardware wallet.

Also, 200 EUR.. hmm.

Wow, if that was a scam they must produce and demonstrate the fake ptototype on the conferences.

they are certainly totally off, evicted from their office, phones are dead and they seem to have a tax issue with the gov. typical startup failure in the best case, scam in the worst.   

Did not nitice this fact, thanks. I would agree with you. There are so many scams on the market, that a company without VISA/PayPal payment possibility looks very suspicious.

This hardware wallet looks promising. If it is as secure as they claim, then the device could easily take off and compete against other hardware wallets such as Ledger Nano S and Trezor. However, there isn't much info about the company behind ASICVAULT, neither updates about the development of the hardware wallet itself.

Last time I've checked on their site, they're still doing pre-orders. They only accept cryptocurrency payments for their orders, so it seems kind of shady to me. Why not accept regulated payment processors like Visa or PayPal as well? This could bring not only flexibility to some users, but also trust since they can have protection of funds in case things turn out not as expected.

Therefore, if this company is legit or not, I don't know. But seeing that they only accept crypto, makes me doubt if this hardware wallet would ever come into reality soon. Unless I see a real working and functional product reviewed by other people, I'll stay away from this as much as possible.

The device looks fantastic, and I don't understand why there is no independent reviews on it yet.    I would be glad to purchase it, but i am also caucious.

I would suggest the producer to distribute a few devices for the testing purposes to independent people.   


Recent pictures i found on this device:

hI

i STUMBLED ACCROSS THIS DEVICE AND ON ONE HAND IT LOOKS FANTASTIC HOLDS ERC-20  TOKENS N LOADS OF ALT COINS LIKE NEO AND MONERO but on the other hand really there isn't many details on what I need so I keep asking myself is it to good to be true.

Having been burnt in the ICO for Giza Device hardware wallet I'm cautious. I've got a Trezor but it's very limited in available coins but I'll put up with it until the ASICVAULT is reviewed few times.