Review on Ethos by Robiul Islam
As far as I understood (just my opinion) you do not have private Keys here all…
As far as I understood (just my opinion) you do not have private Keys here all you have is the key for the whole wallet and that means that your wallet is connected to a server where the keys are stored pretty bad though not much worse than a lot of other wallets that don't even have multiple coins, you need a private key for each individual coin unless it's a token on a platform then you just need the key for the whole platform like ethereum otherwise it's just a key for the server.
Updated 5 years ago
Rating changed from 3 to 4
Voyager Ecosystem
Over the past few months there has been a lot of sensational changes and developments with Ethos and Voyager joining forces into a single organization. Voyager Operating in a similar way to Robinhood. Voyager is growing speedily and working diligently to increase user base and trade volume. It has built both a top class wallet and crypto clearing system, Bedrock, that’s unlike almost anything that exists in the market today. They are building a comprehensive crypto solution that spans trading, routing, storage, custody, payments, and remittances.
Pros
- It allows us essentially to store track send and receive coins directly through their universal wallet and the interface actually is a really nice clean very simple to navigate when you send and receive funds. It has coin list where you can see the different coins that they support which i think is really nice and it's a really long list of coins all the popular coins here as well as a lot of other coins.
Cons
- The Ethos wallet is a great idea. But their development time and road map are out of the window, which means the first mover advantage is eroding by the day.They should have used this lean period to establish themselves as numero uno which unfortunately didn't happen.
New products
Comments (2)
March 25, 2019
Like Neshio said, with the Ethos Universal Wallet, users remain in complete control of their private keys at all times, they are never transmitted to a server, as your SmartKey is stored in the cryptographic section of your phone.
Here is a look at the process used to encrypt and doubly encrypt your SmartKey:
Cryptographic hash(PIN+salt) = encrypted seed → the encrypted seed is then passed to the Keystore/Secure Enclave* (Android/iOS) to be encrypted again → doubly encrypted seed is then stored in iOS Keychain or in private app storage for Android
March 20, 2019
"that means that your wallet is connected to a server where the keys are stored" this is not true, The SmartKey allows you to derive the individual private keys through an algorithm, the keys are not stored on any server, you (and only you) are completely in control of your Private Keys.
