Review on Ethos by Praise Olagbadun
The Ethos Wallet
The Ethos wallet is a completely decentralized crypto wallet that is based in San Francisco, USA. It was founded by Shingo Lavine in the year 2017. Not minding age, the Ethos wallet has managed to make its name in the industry for some reasons I would
For the sake of writing this review, I downloaded the mobile application of the Ethos wallet on my Android phone. The mobile application had it's interface neatly arranged in an easily accessible way, it's friendliness is also something to talk about. In the process of using the mobile application, I discovered that the wallet has its application available for download on only mobile devices, leaving out
Talkinh about it's security, the Ethos wallet has managed to provide optimum security for it's users not minding the fact that it is a hot type of wallet, leaving it prone to hackers. The application leaves users in ownership of their private keys, thereby leaving them in total control of their funds. Although the wallet has tried to provide a well secured platform for users, I still find somethings not too nice. One of which is the fact that it uses a One Factor Authentication, whereas most wallets makes use of the two Factor Authentication. The other is the fact that the platform has made access to the wallet without passwords, I dislike this because some traders might have little or no money on their account and would not like foreigners to know
Another characteristic of the Ethos wallet that is worthy of mentioning is the vast or wide variety of digital assets it accepts. Amongst others, the Ethos wallet accepts the most popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Dash (DASH). I feel the fact that it accepts numerous digital assets has contributed to it's ever growing
Pros
- The platform charges no fee for using their wallet
- Accepts a very wide variety of digital assets
- Has a very attractive and user friendly interface
- The platform leaves it's users in control of their private keys
Cons
- Although it has it's mobile application, it is yet to have it's desktop application
- Allows no Two Factor Authentication
