Review on Ethos by Danh Huỳnh Ngọc Công
Ethos wallet is for someone who loves the beauty of arts
Ethos is a state-of-the-art wallet with very well-done design. The wallet offers many interesting functions that is very unique and useful to educate cryptocurrency community. The security for the addresses is good thanks to Smartkey; however, the app is not logged out when turning off the app so users are required to log out by themselves. Overall, this is the app that I want to use for a very long term so I hope more development will come in the future
Updated 5 years ago
Rating has not been changed
Positive point: Ethos Bedrock is a platform for the application of cryptocurrencies into the real life. The platform can be used by the financial institutions to enhance the transfer activities
Pros
- - Ethos user interface was designed very carefully, giving the most beautiful design and the most useful features that fit in one screen. It is like a combination of a wallet and Coinmarketcap (but colorful and fun)
- - To enhance the security, Ethos offers a virtual keyboard for users input their PIN. Besides, Ethos invented Smartkey, a method that helps to secure the assets, hiding the keys of the wallet from the internet
- - It offers a wide range of cryptocurrencies. The list may goes up to thousands coins and tokens which is very convenient for users with diverse holdings
- - Not only does it let us do the basic actions such as store, send, and receive cryptocurrencies, but it also show a lot of interesting information about the assets; for example, it shows the performance since their first introduction, brief background of the projects, their research and social media links, users' reviews and comments about the assets. This is good for the community and so unique for a cryptocurrency wallet. I have to give it more stars for the excellent orientation
- - It allows the purchase of Ethereum, Bitcoin, and Litecoin right on the wallet so it is very convenient
- - Users can also swap their holdings for another cryptocurrencies if they want. The currencies must be available to swap
- - They have a utility token named Ethos to power the ecosystem they are building. The holders of Ethos token will be able to get many benefits when many developments are executed
- - There are two modes in the wallet: SmartWallets mode and WatchFolios mode. SmartWallets is a wallet with many unique functions and WatchFolios acts as a tools for observing the performance of assets
Cons
- - It does not auto log out when turning off the app. For your assets security, you need to do that yourself
- - It is now not compatible with any DApps on blockchains like Ethereum, Tron, or ThunderCore. This should be a thing on this product to bring about the apdoption
- - There are many popular competitors on the market and they offers many other features that Ethos does not have right now. Some wallets, like Trust wallet, is backed by Binance - the most well-known cryptocurrency exchange at the time of writing
- - Setting up process takes a lot of time as there are many things to do
