EliptiBox - Ultra secured Hardware Wallet packed with unique features.

[EliptiBox]

Hello All!

We'd like to introduce a project we've been working on for the past two years.
We are building ultra secured mobile hardware platform with bitcoin wallet as a first application.

The unique feature of our wallet is the actual firewall implemented in silicon, so that every bit going in or out of the device is inspected and only valid values are passed on. The firewall separates between USB/BT and protected CryptoZone, so that a remote attacker can not change the firewall and can not compromise wallet's security.

Hardware firewalls are used in enterprise as a standalone products. We are bringing the same power of deep packet inspection to the tiny mobile device (less than a credit card in size).

Think of it as an offline wallet with complete independent control over the connection to the network. We provide the security of offline wallet with the features and ease of use of the conventional mobile wallets.

Besides standard hardware wallet features, like private key secure storage and transaction signing with trusted verification, EliptiBox will be able to:

   - Store user transaction history and blockchain data on the on-board flash memory. So it can generate transactions even without active internet connection.
   - Generate random numbers from several TRNGs to enhance the quality.
   - Secure backup and restore user data by an uSD card.
   - Provide encryption and authentication services.
   - Connect to any BT4.0 device.

All software will be released as an open-source to enable fast community development on the hardware.

We will have two versions:
   1. Complete Bitcoin wallet solution with Android app.
   2. Development kit based on our hardware solution with open interfaces for code download and debug.

We utilized our experience in hardware and system engineering to create a versatile platform for many applications, that is unique in it's focus on the hardware security. We are currently in the advanced stages of HW and SW development.

We will gladly receive your feedback on our solution and answer any questions.

Check our site - www.eliptibox.com - for more info and investment opportunities.

[1714824301]

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[1714824301]

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[1714824301]

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[Muhammed Zakir]

Are you going to provide a hardware wallet with 30+ GB? Will you give us new storage when it exceed?

   -MZ

[EliptiBox]

Thank you for the response.

We are focused on the user's data from the blockchain, such as:
   - Unspent transactions data needed for payments by the user.
   - User generated transaction data.
In order to keep memory requirements to minimum, spent transactions are automatically deleted.

Additionally, the wallet stores only block headers, as in SPV clients. At the current block rate of 9 minutes, 58400 block headers will add about 4.5 MB yearly. It is sufficient to keep a single year back for the proof-of-work at the current difficulty.

The data is stored behind the firewall on the trusted flash memory of 256 Mbit. It should be enough for all types of data.


www.eliptibox.com

[Muhammed Zakir]

That is fine! Any vouch-copy? Like to test new wallets.

   -MZ

[NxtChg]

Wow, this looks cool! Would be nice to have NFC in it too.

[EliptiBox]

That is fine! Any vouch-copy? Like to test new wallets.

   -MZ

We will create opportunities for getting our product samples.
You are welcome to subscribe at our site to receive exclusive announcements.

www.eliptibox.com

[Abdussamad]

What is a BT4.0 device?

What advantage would this device have over the cheaper smart card wallets?

[Newar]

What is a BT4.0 device?

What advantage would this device have over the cheaper smart card wallets?

raytaccorp.blogspot.com/2013/05/bluetooth-history-bt40-ble.html

You didn't see the advantages in the OP?

[Abdussamad]

You didn't see the advantages in the OP?

I see that it does more and that means it'll be costlier. Right now the hardware wallets we have are designed to be simple to reduce the attack surface. They only sign transactions. I don't see any great advantage over a simple hardware wallet if all you want is something that will store your private keys and sign transactions. Anything more than that can be done on a regular pc.

[user2020]

- BT 4 consume very low power, good for battery life
- It have instant connection, unlike the older BT that search device for very very long time... 

[EliptiBox]

You didn't see the advantages in the OP?

I see that it does more and that means it'll be costlier. Right now the hardware wallets we have are designed to be simple to reduce the attack surface. They only sign transactions. I don't see any great advantage over a simple hardware wallet if all you want is something that will store your private keys and sign transactions. Anything more than that can be done on a regular pc.

Our wallet supplies much better security from the remote interface attacks by reducing the attack surface to a single point of entry, that does not include any software or standard interface vulnerabilities.
Our wallet adds high-grade security to smartphones with firewall and biometric authentication and great usability of BT connection in a very small package.

Simple hardware wallets are not safe enough for large amounts of BC - the only solution today is offline wallet (when done right).

www.eliptibox.com

[mishax1]

Do you exclusively rely on the community investment to start production ?

At what stage is your development ?

Why are you anonymous ?

[saintaquinas]

Do you exclusively rely on the community investment to start production ?

At what stage is your development ?

Why are you anonymous ?

Can you be able to show us proof, of the claims you make by some other entity other than yourselves. You just appear out of no where, with no sort of references from anyone else in the industry. This would certainly help, when it comes to developing hardware the most important thing is to know who you are. Can we be able to trust the person, etc... Its called consumer confidence, if you have a long track record of this, then you can be guaranteed people are going to pay attention. Is what you are offering open hardware specs? I forget if you mentioned that in your website.

[EliptiBox]

Do you exclusively rely on the community investment to start production ?

At what stage is your development ?

Why are you anonymous ?

Can you be able to show us proof, of the claims you make by some other entity other than yourselves. You just appear out of no where, with no sort of references from anyone else in the industry. This would certainly help, when it comes to developing hardware the most important thing is to know who you are. Can we be able to trust the person, etc... Its called consumer confidence, if you have a long track record of this, then you can be guaranteed people are going to pay attention. Is what you are offering open hardware specs? I forget if you mentioned that in your website.

Thank you for great points.
Indeed it seems we are coming from nowhere. However we've been working on this solution for the past two years "in the garage" and now ready to go public with the product. We will publish proof-of-work for each completed development stage, including pictures and video clips. Additionally, you can track our progress by blogs published on our site.

The project is developed and funded only by us without any external investments. We have the means to bring EliptiBox to market. Actually, the first batch of the hardware is already in production and will be ready for release soon.

Success of our croudfunding will enable us to work fulltime for EliptiBox and to go fully public with our ids.
Just like you, we love to create and innovate and disrupt existing ways of thinking.
Anyway, you will not have to trust us by using Eliptibox. We will open source all software, as expected by Bitcoin community, and provide full hardware description to enable public review and community development. We are the only ones to provide development kit with full access to the hardware.

We'd love to hear from you about our product and support to create the best HW wallet. We invite you to think about other applications for our open hardware. We are committed to answer all questions and provide maximum information about our solution and the innovative FPGA firewall concept designed over the past two years.

P.S.
The case model at our site is only a first draft. Final case will look great.

www.eliptibox.com

[EliptiBox]

Our story - how to achieve the ultimate security in hardware wallet.

http://www.eliptibox.com/#!The-perfect-hardware-part-1-REDBLACK/cw4e/54fdf26b0cf24585978defdb

To be continued...

www.eliptibox.com

[user2020]

Our story - how to achieve the ultimate security in hardware wallet.

http://www.eliptibox.com/#!The-perfect-hardware-part-1-REDBLACK/cw4e/54fdf26b0cf24585978defdb

To be continued...

www.eliptibox.com

Very nice!, good for you.
Waiting for the pre-order

[EliptiBox]

Why do we need a Firewall for Hardware Wallet?

http://www.eliptibox.com/#!Hardware-Firewall-for-Hardware-Wallet/cw4e/54ecb8670cf27a657a44c314


www.eliptibox.com

[EliptiBox]

Hi All,

One of the largest problems in the Bitcoin ecosystem is the absence of a storage solution, which combines impenetrable security with ease-of-use. This gap in the Bitcoin ecosystem is a major roadblock on the way of Bitcoin adoption as the everyday worldwide currency.

Read more:

http://www.eliptibox.com/#!Security-AND-Usability/cw4e/5509708f0cf292acc4a7dc21


EliptiBox Team
www.eliptibox.com

[valkir]

Can wait to see the final results!

Wondering do you have a idea of the target selling price ? 

[cbeast]

I want to believe.

This is sending up all sorts of red flags. I'm sorry, but I just can't believe. It's too good to be true and we've seen so many scams using the same announcement strategy. Please come out into the open if you want us to trust you or at least partner silently with a known developer. I am very much looking forward to your open source to be released at some point. Good luck with your venture!