VaultTel, the U.S based company, invented a new hardware chip that fits phone SIM slot to store cryptocurrency assets. It includes both hardware wallet and secure software to access digital assets.
The start-up company declared that the hardware chip compatible with Android and iOS platform users. It has features like fingerprint and facial recognition. It uses VaultTel Intellichip hardware to keep cryptocurrency confidential keys on mobile phones.
VaultTel allows enhanced protection against the common software wallets. The chip allows validation, encryption data besides biometric authentication. The firm provides users to store their cryptocurrency secure in addition to utilize it for daily transactions.
Features of VaultTel Chip
Locking Your Device
It allows the user to lock accessing of the wallet on a specific device. If a device lock consists of your crypto wallet, you will only access the wallet.
Geo Locking System
It provides you to lock your wallet access to particular geo area. When this lock exists on the wallet, you will allow accessing the wallet in that specific geographic area.
Backup of Wallet
VaultTel allows the user to backup of wallet tectonically through the additional VaultTel Chips.
Military-Grade Data Encryption
The firm employs the AES512 (Advanced Encryption Standard) to encrypt or decrypt the wallet data stored on the VaultTel Chip.
The Most Recent Bitcoin Standards
The company has executed the newest bitcoin principles for the wallet. It created 24 words mnemonic seeds. It uses BIP44, BIP39 and BIP32 mnemonic phrases, which provides for HD (Hierarchical Deterministic) wallets.
Anti-Theft Feature
The biometric validation feature guarantees that no one can transfer your cryptocurrency assets from your hardware wallet. In addition to that, Trojan, spy screen recorder can’t record anything without your biometric authentication. This will provide high security to users cryptocurrency assets.
The website shows the pre-order price in two options: For iOS package £100 and for Android package £75. Now, this product has launched in the U.S. marketplace and it will launch in European countries immediately.
Cryptocurrency hacking made a record in the last year. As a growing number of crypto investors in this field, the hackers have pointed cryptocurrency field. VaultTel product will give the most secure for the crypto assets.
Very useful information