Topic: 🔔【ICO】 HODLER HARDWARE WALLET, PAYMENT TERMINAL, TOP100 COINS + TOKENS - page 16. (Read 12355 times)

I had the exact same thoughts/concerns as I read through the info on this.

I have two questions:
1. Why would you ever want email, SIM cards and Wifi on a hardware wallet? You claim a high security level, this sounds like a cell phone.
2. Private key cloud storage? Seriously?

From the whitepaper, it seems your whole security model is based on it being "unrealistic" to hack the device. That's not a security model, that's a failure waiting to happen.

Can you list the 350 cryptocurrencies it's going to be compatible with?

Warm welcome to all of you.

I would like to present our new project which is also our first ICO.

Briefly about us:
We are a group of people working together since 2006, we have created several large IT projects, applications, ERP system, we have been focusing mainly on the cryptocurrency industry for several years. We have created an auto-trade application for several exchanges, we are working on the Bitcoin Legend project, we have also made bots for arbitration on exchanges (mainly for our own use), we have developed some interesting strategies on Tradingview, we have started the Crypto Analyzer project which will be developed in the future.

We have always lacked a product that we would like to create on our own, it is a secure hardware wallet which would also have all the advantages of popular free applications, that is:

- a large number of supported coins
- the ability to make payments without using a computer
- convenient interface allowing to make convenient payments with cryptocurrencies

All of this would be well protected against all kinds of frauds, scams, thefts and burglaries, just as it is done in Ledger and Trezor hardware wallets. We would like to base our wallet on a smartphone that would have our own version of operating system installed, mainly Linux (Open Source) in order to eliminate the possibility of data leakage caused by the increasingly popular malware which steals money from ordinary Android applications.

The security design of our wallet is described in more detail here: https://hodler.tech/docs/SecurityDescription.pdf
Whitepaper of the project: https://hodler.tech/docs/Whitepaper_HODLERF.pdf
In addition, we would like the device to have such capabilities as those provided by terminals in  shops, i.e. after its purchase, the configuration of connection to a cryptocurrency exchange, would allow us to accept cryptocurrency payments without the use of coinpayments or inpay-type intermediaries.

Other functions that we will implement in our wallet are as follows:
- A GPS localizer that makes it easier to find it or even recover it after a theft.
- HODL your coins function, i.e. the possibility of blocking funds in the wallet that you would like to keep for a long time. You will be able to declare the date of their unlock without being able to change it.
- Reading addresses through an OCR application, using a built-in camera, so that you don't need to write long addresses if you have to pay for something but don't have the possibility of using a QR code.
- The number of stored types of cryptocurrencies - about 100 largest + all ETH, NEO based tokens and other cryptocurrencies that will have the function of generating them.
Backup in the form of a seed which will allow you to recreate the wallet from a key written on paper, and automatic backup of private keys which will be compatible with official clients of each cryptcurrency, so that in case of a fork, you do not need to transfer coins to unprotected wallets, but only recover them in the device itself, fully safely and without the possibility of losing your funds, which we have to reckon with today. Only the indicated private keys will be sent to the cloud, the original ones will be secured only on the device.
- Possibility to purchase only the operating system with an integrated wallet application for people who would like to use any of the supported smartphones from popular manufacturers.

At the moment there is no such device and the market for them is large enough. The main competitor, Ledger wallet, is not able to use cryptocurrencies without connection to a computer, but according to Bloomberg, in 2017, it earned more than USD 55 million and is not producing enough devices to satisfy the demand.


The first prototype review: https://www.youtube.com/watch?v=TuyyKlAFuQc