Review on Ethos by Temitope Babatunde
Ethos, A Wallet That Does It All
Ethos wallet was established in 2017, it was formerly name Bitquence before was changed to Ethos . The founder and the CEO is Shingo Lavigne. The wallet is not just an ordinary wallet, where one can store cryptocurrencies but it provides a platform where those dealing in financial services can meet to interact.
The wallet has support for over 150 coins and tokens. It posses some features which makes it to be very unique, for example it has a mini exchange in built into it, which users can use to exchange or swap their coins. It also has an interactive platform where users can meet to discuss, ask questions, give advice and even get rewards. There is also an inbuilt feature that can help users to monitor market and see some technical trends.
The wallet has a good measure of security, before using it you will need to obey some regulations by doing small KYC, then you will have to save your seed phrase because that will give you access to your wallet in case your phone has problem or you lose it. You will also be asked to create a Smartkey which will never be transmitted over the internet this also give a layer to the security.
In conclusion Ethos wallet team continues to work at improving their services.
Pros
- The users are in custody of the private keys.
- It is multicurrency wallet
- Users can easily swap their cryptocurrencies with the inbuilt exchange
- There is an inbuilt platform where users can interact with each others.
- The wallet is hierachical deterministic, which means it has a kind of privacy.
- There is 2Factors authentication to further secure the wallet.
- There is a feature which allow users to access market data as well as technical indicators.
Cons
- It is an online wallet, which makes it prone to hackers
- It has to compete with lots of competitors.
