Topic: ⭐⭐ Elysium Wallet - Full control, zero trust - made in switzerland ⭐⭐ (Read 556 times)

🌍 Expanding Android Globally
Elysium Wallet is reaching more Bitcoin users worldwide!
Our Android app is now live in seven new countries:
🇮🇳 India | 🇧🇷 Brazil | 🇸🇻 El Salvador | 🇦🇷 Argentina
🇺🇦 Ukraine | 🇷🇸 Serbia | 🇦🇪 UAE | 🇦🇱 Albania

Every launch is designed with strict compliance to local regulations, ensuring maximum security without compromise. We're bringing self-custody and true Bitcoin sovereignty to new communities.
Where should we go next? Let us know your thoughts!


⚡️ Supercharged Lightning Network Features
The future of fast and scalable Bitcoin transactions is here.
Elysium’s Lightning Network implementation is taking usability to the next level:
🔹 Faster and more reliable transactions for everyday payments
🔹 Improved invoicing system for seamless Lightning integration
And soon: Effortless BTC transfers between on-chain and Lightning Network.

Whether you’re stacking sats or running a node, these updates are built for speed, reliability, and ease of use.


🎨 A Fresh Look, A Better Feel
We’ve given Elysium a major design overhaul to improve your experience:
🔹 Cleaner Dashboard: View your holdings and transactions at a glance
🔹 Customizable Widgets: Access your most-used features instantly
🔹 Simplified Navigation: Get where you need to go, faster
🔹 Detailed Asset Insights: A clear view of your Bitcoin and stablecoins
🔹 Faster QR Scanning: No delays, just smooth transactions

All these changes are designed to make managing your Bitcoin intuitive, fast, and powerful. What feature do you love most about our new design?


🔐 Advancing Authentication Technology
At Elysium, we’re leading the charge in secure, keyless self-custody.
🔹 Our V2 Core Authentication System is almost here: Faster, safer, smarter
🔹 The patent process is moving forward: Protecting our revolutionary key management
🔹 Two new tech factors are being integrated to enhance security

Your Bitcoin is always yours, no private keys stored, no compromises.
Are you ready for the next generation of Bitcoin wallets?


🛠️ Technical Upgrades That Matter
Behind the scenes, we’ve made powerful improvements to enhance your experience:
🔹 Centralized error management system: Problems resolved faster, with clearer feedback
🔹 Enhanced WebView support: For smoother app-web interactions
🔹 Refresh Token System: Added security without disrupting usability
🔹 New analytics tools: To ensure your feedback drives future upgrades

Bitcoin deserves tools that work as hard as you do. Let us know how these upgrades enhance your journey.


🔮 What’s Next for Elysium?
We’re building the ultimate Bitcoin experience and pushing the limits of wallet technology. Here’s what’s coming soon:
➡️ Major performance optimizations to make everything faster
➡️ Lightning Network full integration: Seamless layer-to-layer BTC transfers
➡️ More frequent iOS updates: Features rolling out faster than ever
➡️ Continuous UI refinement: Perfecting every interaction

Our mission is clear: To deliver a wallet that empowers Bitcoiners worldwide. What feature would you like to see next?

It's unfortunate that they stopped but they got good returns of around $420 so it's strange that they decided to stop especially since signature campaigns require continuity. Let's hope planB leads to better development.

the signature campaign is paused to allow the elysium team to organize for planB
you will find the stand there in Lugano with a nice Raffle to win cryptocurrency-themed prizes delivered by a famous Italian influencer, Masutti

thank you all

They will expand to other regions as well, but it will largely depend on the third partner who will provide the trading service and probably the exchange partner will require geo-restrictions even with KYC.
Honestly, the idea of ​​a wallet with mandatory KYC does not seem attractive to me, it is quite a threat to privacy.

It works without using VPN, all that will be needed is to make the first initial download with VPN in other to evade the restricted regions, and once this is done, it is very easy to use and access without using VPN again.


I have the same feelings as well, that why the limitations when they are trying to get popular by users across the world, maybe they are just on a test run mode before the full launch or big time implementation being effective, but as for now, we can say they are only good for a start, they may have to work on many things we have all suggested for them here.

Proprietary algorithm? No wonder the explanation sounds vague. Anyway, i'll briefly read/check the upcoming recovery feature without requiring your infrastructure.


I see. Although in my opinion, you could've just limit the exchange feature to specific user (by IP or country) since you already advertise your wallet globally.

It does not require VPN.

Suppose you downloaded the wallet, does it allow you to sync the blockchain without a VPN? Or does it require a VPN connection to update the balance?

What is the final roadmap? Will the service be a KYC wallet or will the wallet be available and there is another app to perform the exchange? Or just an exchange app.

Developing the wallet requires that you try to reach more users, that there is an exchange service within the wallet application and then you can request KYC for those who want to complete the exchange service unless you want to be the first wallet that wants to request KYC from users.

Go to Google Play Store storage and cache and clear the storage. Then on the VPN that support Internet connection from any of the listed countries:


Then go to Play Store and you will be able to download the wallet. Hugeblack posted about it above and I followed what he posted.

Really you mean is not avaliable to Nigeria Google store users, I want to try to download the wallet to check and see what is happening over there, but seeing your comment right make me discourage to try it out, I hope may be this is as a result of your connections or OS but then let me try to download from apple store to see if I will get the same message and if anything different, I will update the thread so that the team can do something about it.

Update just tried to download on my android device and it says not available, team please do something about this restriction if not you may be locking out a huge number of your clients.

Correct, for the first version of the App the Passkeys are mandatory, in the next one they wont be.

Thank you for the feedback, we need to present better the option to "Create" and "Import". Btw, import wallet it's a functionality that will be introduced in the next version of the technology as we are still managing to close some implementation to let you use whatever seed phrase you have.

The all thing we are trying to do is incentives people to create an account and a wallet without knowing what a seed phrase is, how to use it and store it. We are trying to make the onboarding, the security, the usability and the restore way easier for people. And in the next version that we will release we will introduce more factors to let you decide how to setup, what risk you have and how secure vs usable is your setup.

Seed phrase won't scale as a method for the mass adoption, that's our (and specifically mine) thesis for the industry

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The problem it's on the store prospective, not in the wallet itself. App Store and Play Store won't let use release the app if the provider, in the regions we want to release it, is not regulated. Using VPN is a good way to download the app even if it's not available in your store at the moment, even though when you will need to add funds trough the provider you'll need to do KYC and then only if you are "allowed" you can really buy/sell those assets. As far as sending and receiving trough blockchain the are no limitations

In the future we will need to do some KYC in order to let users use the wallet for some specific tiers.. It's not something that I'm happy about as a Bitcoiner but it's the way the world (and the regulations) are going nowadays. We will think of a lighter KYC at first and then the full KYC (working on finding a tokenized version of it to not let you do KYC multiple times but just once and then re use it every time you need it)

But any feedback will be much appreciated

The regional restriction for non-custodial wallets seems pointless.
Some users managed to download the wallet using a VPN. How will you prevent such cases in the future to remain 'compatible' with the exchange provider?
Will the use of the Elysium wallet be subject to passing KYC?

is elysium username is a short representation of the public key and all transactions are done via the bitcoin blockchain or is it closer to an account ID where transactions can be made between wallet users without onchain ID. Will there be restrictions on users from other IPs who have downloaded the wallet or are the restrictions on google play, and will the APK version be available soon?

Hi there guys, Gianmarco here, one of the two founders & CTO of Elysium. I'm here to answer some of your questions as I see there are many, especially from the technical perspective.

I'm honestly new to this forum so if I don't answer or select a specific question, please forgive me, I'm learning

So I'll address the most important questions and answer them straight away:

Question:
Answer: Generally speaking, the Elysium wallet is a fully non-custodial wallet with a new proprietary algorithm for user onboarding. We have developed a Multi-Factor Authentication (MFA) system that is fully keyless, so the key is never stored on the device but always recreated on demand when the user needs to sign a transaction. Of course, we also support account recovery. Currently, this process requires the Elysium server to be online, but by the end of the year, we will release a new version where users can still restore their accounts even if our infrastructure is down.

Question:
Answer: The wallet is not open source yet. We're currently working on IP protection but we intend to release more information in the future without compromising the IP. As mentioned, the algorithm is proprietary and we plan to patent it as it can be used not only in the Bitcoin industry but also as a general authentication method (in the future). We'll present more details in the coming months. There will be also a desktop version but later next year, for now we are releasing just the mobile version.

Question:
Answer: The algorithm we've prepared is compatible with BIP39 and the derivation path is "m/84'/...", which is BIP84 HD SegWit (BIP 84 Bech32 – Native) to save on fees and keep up with the times and innovations in this world. We'll integrate other BIPs in the future, but for now it's based on this BIP. At the moment, there isn't a GitHub from which to download the app, but that will also be done in the future when the technology is protected and stable.

Question:
Answer: The current supported countries are: Germany, France, Austria, Czech Republic, Netherlands, Spain, Denmark, Ireland, Hungary, Malta, Cyprus, Estonia, Greece, Belgium, Finland, Latvia, Liechtenstein, Poland, Luxembourg, Croatia, Slovakia, Slovenia, Sweden, Italy, Bulgaria, Romania, Switzerland
We are about to release it worldwide in the coming weeks. The next countries will be:
India, Brazil, El Salvador, Argentina, Ukraine, Serbia, United Arab Emirates (UAE), Albania

Question:
Answer: Thank you for the feedback. The problems we are facing on the app being available worldwide are because our provider for the exchange is not available worldwide and we are about to release it soon. The app as non-custodial could be available worldwide, while for the services inside we need to follow regulations worldwide.

Question:
Answer: Thank you very much for the feedback, it's very important to us. As written before, the countries where it's available for now are limited but will be expanded in the future.

Question:
Answer: The service is fully non-custodial as explained in the previous answers. Moreover, while its UX is similar to an exchange, it is completely non-custodial. I'm not sure which service you're referring to, but our operation is the same as other non-custodial wallets, just with a new algorithm and better security and UX.

Question:
Answer: We will introduce advanced features in the future such as connections with personal nodes, different ways of deriving accounts, multisig and much more. For now, we want to simplify access to this technology for newcomers but also for experienced people who want to have more security in managing their funds thanks to the new technology we are developing.


Hope this answers give you a better understanding of the wallet and the technology itself!

If you have further questions or feedback feel free to comment or send me a DM on X (formerly Twitter) here: @gianguazz

Cheers

When I was creating keys and addresses on the wallet, I saw 'create wallet'. And below it, I saw 'import wallet'.

When I clicked on create wallet, I saw this:





When I clicked on import wallet, I saw this:




These is an encouragement to let people not to know what seed phrase is. Although, if you go to settings, you can click on 'extract private key's to see your seed phrase. I test it with Iancoleman BIP39 tool and it was BIP84 as the address on the wallet is the same as the first address on Iancoleman BIP39 tool.

So the reason I can not use the wallet is because it is close source and it is encouraging people to use passkey in a way newbies might not know what seed phrase is. The passkey is not optional but mandatory while using the wallet.

You just need to delete Google Play data, run VPN using one of these countries and then open Google Play to download the app.
only 50 downloads so I will not risk downloading the app.



As long as there are country restrictions I do not think the wallet will give the possibility of extracting the private key.

I think that you can, it's possible. You can change your location through that VPN even if google has logs of the location of IPs where you've come from. While I agree that they sure are invading our privacy and have traces from the steps where we've been and where we've come from.

Nice and that only proves that it's possible to use VPN if the app isn't available in your country, it's successfully bypass the limits of countries that it's allowed to download.

About the security and privacy it promises to provide maximum support to a user is appreciable. But one thing I'm curious to know is that it might be attractive only to experienced Bitcoin users and crypto enthusiasts who like decentralization, but will it be that appealing to casual Bitcoin or crypto users? With having advance features I think it's important to balance simplicity for the average users.

To be honest, use of VPNs is a short term solution in trying to test out the wallet and the alike.. but for long term usage for users wanting to hold coins on the wallet, I think Elysium team have the power to change all this for its own benefit..

And why all these restrictions to the wallet, is it not more beneficial if it was accessible to more users around
the world than the 27 countries listed

Do wallets follow a regulation code to be accessible by others ?? Why not use a legal team to draft their T&C's to protect themselves if it's legality they are worried about than the Geo lock's used here.

Can you try to use it without using a VPN so that we know if the restriction applies only to the download or to the use of this wallet at all?

It is not attractive to me to use a wallet limited to a certain area and where I only have to use it via VPN. It makes things even more difficult because, as far as I can see, it is intended only for mobile devices, there is no web/desktop version at all.