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Author Topic: ⭐⭐ Elysium Wallet - Full control, zero trust - made in switzerland ⭐⭐  (Read 957 times)
babo (OP)
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October 02, 2024, 07:40:48 AM
Last edit: December 09, 2024, 09:35:13 AM by babo
Merited by ABCbits (2), hopenotlate (1)
 #1


[ALTCOINSTALKS]


🔑 What is Elysium Wallet?

Elysium Wallet is a fully non-custodial solution designed for those who prioritize true ownership, privacy, and security. Our revolutionary onboarding and restore technology—currently patent-pending—eliminates trust from both centralized entities and the user. Thanks to our proprietary algorithm, your private keys are never stored anywhere, ensuring they remain uniquely tied to you without compromise.
Elysium supports Bitcoin and stablecoins, offering a seamless experience for managing digital assets. While our technology is not yet open source, we are committed to transparency: once the patent process is complete, we will publish detailed documentation to foster trust and collaboration.
Our vision is ambitious: to create a fully decentralized Revolut-style platform built on Bitcoin, empowering financial freedom for everyone.


🚀 Why Elysium is the Superior Choice:

Your Keys, Never Stored:
At Elysium, we’ve redefined security by ensuring your private keys are never stored, saved, or exposed—anywhere. Thanks to our proprietary keyless technology, your keys are generated on-demand using a multi-factor algorithm unique to you. This means there’s no need to trust centralized entities or worry about key storage vulnerabilities. With Elysium, your security is always in your hands.

Revolutionary Keyless Technology: Elysium Wallet introduces an innovative, patent-pending keyless system, which eliminates the age-old question: "Where do I store my private key?" Our solution generates your private key on-demand, connecting it directly to you as a user rather than being randomly created and stored anywhere.

On-Demand Key Generation: Thanks to our advanced algorithm, private keys are generated only when needed, ensuring they are never saved or exposed to potential vulnerabilities. This groundbreaking approach redefines trust by removing reliance on centralized entities or the user’s storage practices.

Unlimited Customization: Our technology allows for infinite personalization, enabling users to choose from a wide range of factors for authentication. This flexibility provides unparalleled security and adaptability, making Elysium Wallet a truly user-centric solution.


⚡ Technical Highlights:

What Can You Do with Elysium?
Elysium Wallet offers a comprehensive suite of features designed to simplify and empower your Bitcoin and stablecoin experience:

Store Your BTC and Stablecoins: Securely manage your assets while maintaining full control over your private keys.
Pay Instantly with Lightning Network: Make fast, low-cost Bitcoin payments with seamless transfers between layers.
Intuitive Address Book: Easily connect with your peers and simplify transactions with a built-in address book.
Non-Custodial On and Off-Ramp: Convert fiat to BTC (and vice versa) without ever compromising control over your keys.

Coming Soon:

Prepaid Card: Spend your Bitcoin and stablecoins anywhere, bridging the gap between traditional and decentralized economies.
Liquid Network Integration: Enjoy faster, simpler transactions without the hassle of manually managing Lightning channels.
In-App Services: Pay, earn interest, and trade your assets directly within the app.

A Complete Suite for the New Economy:
Elysium will evolve into a full platform connecting you to the world of Bitcoin and stablecoins. Intuitive, secure, and user-friendly, it removes the complexity of the crypto world, making it accessible to everyone. With Elysium, you can stay connected to the traditional economy while unlocking the potential of the decentralized one.






📲 Download Elysium Now APPSTORE
📲 Download Elysium Now PLAYSTORE

Take full control of your financial future. Download Elysium Wallet today and step into a truly decentralized world where your money is yours—always.

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October 02, 2024, 08:42:09 AM
Merited by babo (1)
 #2

Keyless Multi-Factor Security Our wallet employs keyless technology. Unlike traditional wallets, Elysium never stores your private key. Instead, it uses a proprietary multi-factor algorithm to generate it on the fly, every time you sign a transaction. Your keys remain secure without ever being vulnerable to external threats or hacks.

Are there any information about this technical feature? I've read the FAQ[1] and related blog post[2], i still don't understand how it exactly works. But more importantly, are there any ways to recover our coin without using Elysium wallet or server?

[1] https://www.elysiumlab.io/faq
[2] https://www.elysiumlab.io/blog/a-new-approach-to-wallet-security-elysiums-keyless-system-vs-traditional-seed-phrases

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October 02, 2024, 10:34:44 AM
 #3

I am also interested in the technical features the wallet has. It looks like it was once advertised to be open source, but there is no such info in your thread and I cannot find the source codes either.

Is there a desktop version being worked on and does the wallet support transactions to multiple recipients at the same time?

- Jay -

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October 02, 2024, 12:49:05 PM
 #4

I wanted to download it to find out if it is a BIP39 wallet and also to know the bitcoin derivational paths it is supporting. But I was unable to download it on Google Play Store.





Most noncustodial wallets are on Google Play Store for people in my country to download. Why is this different when there is no any government restriction?

Is there any reputable site like GitHub that I can download the wallet file? Is the wallet open source? How can we know the public can check and review the code like the code to be available on GitHub?

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October 02, 2024, 01:43:26 PM
 #5

On the other sig thread I have seen most people not being able to download this wallet including myself, and one of the team members mentioned it's only available in 27 countries.. To simplify everything, is it possible to get a list of supported countries so that we know if we can download this wallet without endless questions to the team.

Btw, why the restrictions on who can and who can't download the wallet Huh

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October 02, 2024, 02:07:09 PM
 #6

Non Custodial wallets are for international use and there is no restriction of any country from the ones I have seen and used but yours have selected countries to use. And only that has indicated that it is not self custodial wallet. And also self custodial wallets have no much features on the interface and the most important thing in the home page or interface is "Receive, Send or Scan" might be at the bottom. But yours has different features. And I didn't see the open source information in the App. And there is a link to request to delete the account, and I think that link should be removed because the wallet has been created by the user and if he uninstall the app, and later interested to use again, he can install it. But when the account is deleted, what about the address and the private key?

And finally I discovered that the wallet is still under development. Many features are still on the description that "it is coming soon"

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October 02, 2024, 06:02:25 PM
 #7

Quote
Elysium generates and uses keys dynamically for each transaction, enhancing security by minimizing key theft risks.
https://www.elysiumlab.io/faq

I was checking out Elysiumlab website FAQ page and I noticed that keys are generated differently from other wallets, but it is not explained how exactly.
There are other wallets that user biometrics in combination with passwords and other data, but problem is how to recover keys in different wallets.
There is no source code link on website so I have to assume that Elysium wallet is probably closed source.
Remembering multiple passwords can be a real problem, and they have to be stored somewhere.

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October 02, 2024, 07:51:41 PM
 #8

I have downloaded the wallet, tried it and find it to be interesting, though some are complaining not being able to download the said wallet because of their location, but some also make use of vpn in doing so, i think this has a lot to offer in terms of security and safety, users friendly and the likes, whereas i know they will also be working on some other things to ensure that this wallet is going to be one of the most recommended in  due time.

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October 02, 2024, 09:04:53 PM
 #9

I wanted to download it to find out if it is a BIP39 wallet and also to know the bitcoin derivational paths it is supporting. But I was unable to download it on Google Play Store.
Checking the thread on their bounty and it's the problem of everyone that they probably haven't fixed yet. I'll just wait until it's ready to be downloaded and see the feedback of many.

I have downloaded the wallet, tried it and find it to be interesting, though some are complaining not being able to download the said wallet because of their location, but some also make use of vpn in doing so, i think this has a lot to offer in terms of security and safety, users friendly and the likes, whereas i know they will also be working on some other things to ensure that this wallet is going to be one of the most recommended in  due time.

Welcome to bitcointalk
From which region/country are you from? did you use a VPN just to download the wallet?
I think this thread belongs to Bitcoin Wallet for Android.



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October 03, 2024, 08:00:15 AM
 #10

Without mentioning the possibility of extracting the private key or seed and using it with any compatible standard, the service will still be closer to a crypto exchange than a wallet. There is a famous wallet, which is free wallet, have the same idea, but their reputation is very bad, so I hope the service is not similar to what they offer.

H
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October 03, 2024, 08:15:45 AM
 #11

Indonesians can't download Elysium wallets is it because of restrictions? It's not an exchange or casino which should have no restrictions for non-custodial wallets.

On the other sig thread I have seen most people not being able to download this wallet including myself, and one of the team members mentioned it's only available in 27 countries..
Which countries are those out of 27 countries? Do you have the list?
I didn't find the list of countries on Elysium.

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October 03, 2024, 08:58:57 AM
 #12

From which region/country are you from? did you use a VPN just to download the wallet?
I think this thread belongs to Bitcoin Wallet for Android.
VPN can not be used to download it so far it is on Google Play Store. Google knows before, the location that we are the moment we have been using the mobile device and used the email to register for Google products and services on the device. They invade privacy than we can think.

Without mentioning the possibility of extracting the private key or seed and using it with any compatible standard, the service will still be closer to a crypto exchange than a wallet. There is a famous wallet, which is free wallet, have the same idea, but their reputation is very bad, so I hope the service is not similar to what they offer.
I think it would be different from this like custodial Coinbase and Freewallet which are providing custodial service. According to what I read on Play Store about the wallet, it is noncustodial. Probably it would be like Unstoppable wallet that has swap feature. But I may be wrong. What that can make us know about the wallet is when we download it and see how the wallet is.

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October 03, 2024, 09:10:19 AM
 #13

I am also interested in the technical features the wallet has. It looks like it was once advertised to be open source, but there is no such info in your thread and I cannot find the source codes either.

I also wondered about that, although i didn't mention it earlier since i never see they claim their wallet is open-source.

I have downloaded the wallet, tried it and find it to be interesting, though some are complaining not being able to download the said wallet because of their location, but some also make use of vpn in doing so, i think this has a lot to offer in terms of security and safety, users friendly and the likes, whereas i know they will also be working on some other things to ensure that this wallet is going to be one of the most recommended in  due time.

Welcome to bitcointalk

Do you use VPN only to download the wallet or also using the wallet?

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October 03, 2024, 09:16:09 AM
Merited by hugeblack (2)
 #14

Which countries are those out of 27 countries? Do you have the list?
I only found the image, all of them are European countries.


VPN can not be used to download it so far it is on Google Play Store. Google knows before, the location that we are the moment we have been using the mobile device and used the email to register for Google products and services on the device. They invade privacy than we can think.
I read on reddit, they said it's possible, by creating an email account using VPN and then use VPN with the same country when you're access Google Plat Store.

There must be a way because the signature campaign posted by @OP, I see there are users who speak Nigerian, Russian etc but they able to post their wallet username.

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October 03, 2024, 09:29:43 AM
Merited by _act_ (2), promise444c5 (2), ABCbits (1)
 #15

I have downloaded the wallet, tried it and find it to be interesting, though some are complaining not being able to download the said wallet because of their location, but some also make use of vpn in doing so, i think this has a lot to offer in terms of security and safety, users friendly and the likes, whereas i know they will also be working on some other things to ensure that this wallet is going to be one of the most recommended in  due time.

Welcome to bitcointalk
From which region/country are you from? did you use a VPN just to download the wallet?
I think this thread belongs to Bitcoin Wallet for Android.

Make use of VPN because some regions were restricted for use, but you will be fine after downloading it through VPN, that was what I also use at the first attempt and am able to access the wallet, check the screenshot below.

I have downloaded the wallet, tried it and find it to be interesting, though some are complaining not being able to download the said wallet because of their location, but some also make use of vpn in doing so, i think this has a lot to offer in terms of security and safety, users friendly and the likes, whereas i know they will also be working on some other things to ensure that this wallet is going to be one of the most recommended in  due time.

Welcome to bitcointalk

Do you use VPN only to download the wallet or also using the wallet?
I actually make use of a VPN in doing so.



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October 03, 2024, 10:40:13 AM
 #16

I actually make use of a VPN in doing so.

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.

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October 03, 2024, 10:48:48 AM
 #17

I read on reddit[/url], they said it's possible, by creating an email account using VPN and then use VPN with the same country when you're access Google Plat Store.

There must be a way because the signature campaign posted by @OP, I see there are users who speak Nigerian, Russian etc but they able to post their wallet username.
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 Huh

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.

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October 03, 2024, 02:46:16 PM
 #18

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.

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October 03, 2024, 11:44:00 PM
 #19

From which region/country are you from? did you use a VPN just to download the wallet?
I think this thread belongs to Bitcoin Wallet for Android.
VPN can not be used to download it so far it is on Google Play Store. Google knows before, the location that we are the moment we have been using the mobile device and used the email to register for Google products and services on the device. They invade privacy than we can think.
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.

From which region/country are you from? did you use a VPN just to download the wallet?
I think this thread belongs to Bitcoin Wallet for Android.

Make use of VPN because some regions were restricted for use, but you will be fine after downloading it through VPN, that was what I also use at the first attempt and am able to access the wallet, check the screenshot below.
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.


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October 04, 2024, 07:46:11 AM
Merited by Charles-Tim (1)
 #20

VPN can not be used to download it so far it is on Google Play Store. Google knows before, the location that we are the moment we have been using the mobile device and used the email to register for Google products and services on the device. They invade privacy than we can think.

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.




I think it would be different from this like custodial Coinbase and Freewallet which are providing custodial service. According to what I read on Play Store about the wallet, it is noncustodial. Probably it would be like Unstoppable wallet that has swap feature. But I may be wrong. What that can make us know about the wallet is when we download it and see how the wallet is.
As long as there are country restrictions I do not think the wallet will give the possibility of extracting the private key.


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