ASICVAULT: The Most Secure Cryptocurrency Hardware Wallet

[Liternyy]

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!

[cuteman]

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.

[Alois D]

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.

Last night their rep answered me that it will be definitely shipped this year 

[p3ppymon]

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?

[BadNoose]

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?

Pic in OP is rendering. Later posts in this thread are actual photos. As far as I know all coins/tokens currently supported by other wallets will be available (excluding any dead coins of course) + some big ones that are not supported by anyone will be there. In addition, the device supports custom apps and can hold virtually unlimited number of different crypto assets simultaneously (compared to 5 in Ledger for example). So community will have opportunity to build on top of the system as well.

*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.

[Haliburton]

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!

Interesting. The hardware wallet's features are surely promising, and if turns out to be legit as you've said, then it would be worth buying. I think that it could become a fierce rival against Ledger Nano S, Trezor, and most popular hardware wallets known today. The security of the ASICVault hardware wallet is superior, and it could be expanded to other crypto applications which is not possible with existing wallets. Considering everything it has; this wallet could be worth buying once it's released.

I'm hoping to see a review from a customer, once he/she receives his/her pre-ordered wallet, so that I could purchase one for myself. I know that I can make the pre-order in the first place, but just to be safe, I'll wait until someone receives the product and reviews it himself/herself.

By the way, this wallet would be even better if it's waterproof. While it's not a necessity, it could further secure one's cryptocurrency funds, in case the device is submerged in the water by accident.

[BadNoose]

These wallets are designed to have a real IP68 rating which means devices are completely dust tight and can be submerged in water for up to 30 minutes at up to 1.5 meters deep. Additionally all devices will be potted. This means that the device is filled with a compound that will completely seal its contents and provide additional protection from shock and vibration and, most importantly, provides complete exclusion of moisture and other corrosive agents.

[asicvault]

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.

[HCP]

[*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.

That's no longer true as of firmware 1.4.1... depending on the apps installed, you can supposedly get up to 18 installed. From memory, I've personally had around 10 or 11 at the same time.

BTC, BCH, BTG, ETH, LTC, DOGE, XRP, XLM, DASH, ZCASH and STRATs if my memory is correct. 

[Haliburton]

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.

Nice. I'm glad to know that at least the device would be waterproof, even if it's not meant to be submerged in deeper depths. I think that with all the security features that this hardware wallet provides, it'll be the most secure wallet to date. None of the previous wallets such as Ledger Nano S, Trezor, KeepKey, etc have been able to provide unparalleled security for cryptocurrencies. I know that with additional security features, the price of the device would be higher, but I think that it's worth it considering that your cryptocurrency funds would remain impenetrable against external attacks.

What has attracted me the most about this wallet, is the ability to run a full node in it. That's something that's not possible with current hardware wallets and could further decentralize cryptocurrency networks as the level of accessibility becomes greater for an average person. All in all, this could be a very useful device once it's officially released from the company itself. It would be a matter of time before customers receive their pre-ordered devices and leave their reviews about the same.

[HCP]

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

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".

[cuteman]

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

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".

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

[Alois D]

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

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".

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

Asicvault won't answer you, they are busy deleting sensitive questions asked in social media, they just purged several complaints and questions from their fb account - people were asking how they'd get the items payed for long time ago. if they cannot delete complaints then they launch a positive barrage of comments, just look their googlereviews - in 24h around 20 "positive reviews" appeared there to suppress few negative statements.
i am not even sure they had good intentions at the beginning - "1000 times better" must sound a red flag, in any scam manual you are warned against too good offers. also, their phone is off or autoresponder, their address indicated at heir webpage is not real, they do not respond e-mails.

[cuteman]

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

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?

[Alois D]

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

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?

I think the Asicvault team is innocent, but their CEO has bad reputation with similar bogus enterprises. so yea, generally speaking it is a scam

[ImTree]

1000 times better, I'm wondering what was the criteria to count that, lol. Excuse me guys, but this sounds like the cheap advertisement of someones nontrustworthy product, that you just want to sell.

[OmegaStarScream]

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.

[cuteman]

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.

Indeed, how much time these 2mln rounds take?   Developers should know about this and reply.

[Alois D]

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

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?

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.

[cuteman]

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

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?

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.

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?