What would you say is the best cryptocurrency wallet right now? Unsurprisingly, that may not be an easy question to answer. You have to put a lot of things into consideration.

Foremost among the qualities a good cryptocurrency wallet should have is top-notch security. After all, what’s the essence of keeping your assets if hackers could easily steal them. Thus, hardware wallets are favored as the preferred method for storing crypto assets over the long run.

Hardware wallets are marvels of cryptographic security. Their minimal contact with the online world makes them frustrating for hackers. However, many hardware wallets have single points of entry for hackers. It could be through Bluetooth, USB cord, or other ways by which they have to connect to the online world, even briefly, to approve transactions.

Could it be possible, then, to find a hardware wallet that has zero points of entry for hackers? A wallet that is completely air-gapped? 

Enter the Ngrave ZERO wallet! It perhaps is the perfect answer to the question raised at the beginning of this article. What is it? How does it work? Follow me as I explain in detail in this article.

The Ngrave ZERO wallet is the first in a series of three wallet concepts developed by crypto enthusiasts fed up with incessant hacking in the crypto world. It was developed with Ngrave GRAPHENE (a backup solution) and Ngrave LIQUID(the mobile application).

Designed to be ‘the coldest wallet ever’, the Ngrave ZERO maintains no form of communication with the online world. It connects with the Ngrave LIQUID only through QR codes (No Bluetooth, No WiFi, No USB, nor NCC). It’s basically a standalone device.

Now, let’s examine some of the features.

Can you now picture it in your mind? Good. Let’s talk about it’s connectivity features.

The Ngrave wallet is rather expensive in comparison with other hardware wallets. As of writing, you can get the ZERO wallet for $462 and the GRAPHENE lower plate for $32 on the Ngrave website. You can also get a combo pack(Zero plus upper and lower Graphene plates) for $578.

Even though it is expensive, it comes through with quality. After all, would you rather store your coins in a cheap wallet only to have them whisked away by a hacker? The choice is yours. You can’t get it on demand, though; you have to pre-order.

When Ngrave wallet was launched, it offered support for 18 mainnet coins and a host of Erc-20 tokens. Among the mainnet coins supported were Bitcoin(of course), Ethereum, Ripple, etc. Among the Erc-20 tokens supported were Tether(USDT), True USD(TUSD), RLC, etc.

Over time, more coins were added to the wallet, and it presently supports over 1000 coins and still counting.

The Ngrave perfect key is worthy of being called ‘Perfect’. It introduces an innovative concept that beats its predecessors and offers much-improved security. How does it work? First, let me explain why the Perfect key had to be introduced.

Most of the wallets around today make use of 12 or 24-word mnemonic seed phrases to safeguard the wallet against unauthorized use. This security mechanism is great, but it presents some causes for concern, namely:

The Ngrave Perfect key comes in to solve these issues by introducing a 64-character hexadecimal string in which each character can have 16 possible values chosen between A-F and 0-9.

 In doing this, It relies only partly on TRNG in an offline setting mode to produce a key that the user can interact with and manipulate to make it virtually untraceable by anyone else, even the Ngrave company itself.

 What is more?! All hope is not lost if you lose your keys; there is a way to recover them and not compromise your security. 

So, now that we’ve known what the Ngrave Perfect key is, the next issue is how you can create one. Follow this step-by-step guide:

This is the last piece of Ngrave’s unique security suite. This backup product is made of two stainless plates that are made from materials totally resistant to adverse environmental effects. Together, these steel plates form an unhackable cryptographic puzzle that backs up your secret keys. How?

There is also a provision to ‘back up the backup’. This happens if an owner loses their graphene plates. Ngrave provides a way to recover the upper GRAPHENE plate. Since each plate comes with a unique ID, customers can reach out to Ngrave company to retrieve the upper plate.

The lower plate is not recoverable, unfortunately. This is because it is not safe for anyone else, including Ngrave, to know the combination of both plates as that would defeat the purpose of the whole Ngrave concept. Thus, the user has a personal responsibility to ensure that the plates are secure.

The Ngrave ZERO wallet is only compatible with the Ngrave LIQUID, a mobile application. The application can be downloaded by scanning a QR code on the ZERO wallet. A second scan after downloading would sync all the accounts on the ZERO wallet with the LIQUID app.

The Ngrave LIQUID app is merely used for transactions in real-time. It doesn’t store nor have access to the private keys. In addition, it communicates with the ZERO wallet by means of QR codes only, nothing more, nothing less.

All transactions carried out between the Ngrave ZERO and LIQUID require no connectivity to any network. 

It is noteworthy, though, that while the Ngrave wallet attains the highest level of security in its field, it doesn’t compromise on ease of use and accessibility for the user, ensuring that even a newbie gets the sense of it without much explaining.

The ZERO wallet makes use of a double signing method for transaction verifications. In what way? 

The app generates a QR code when a user wants to send or receive a coin. The Ngrave ZERO then scans the QR code to verify the transaction. After doing that, the Ngrave ZERO generates its own QR code, and the Ngrave LIQUID scans it to ‘double-verify’. Then the transaction is sent. All these is done within seconds.

So, let’s go back to the question that started it all. What is the best cryptocurrency wallet right now? With what we have considered, do you think it’s the Ngrave wallet? Well the final decision rests with you. One thing you can know for certain, though, is that if you want a quality product, Ngrave ZERO wallet is the one for you.

Not at all! Instead, the Ngrave ZERO wallet was created as the absolute weapon against scammers and hackers. Just how secure is it?

For one thing, it is the first and only wallet to achieve an EAL7 security rating which is the highest rating in the security department. It gets this rating because of it’s completely air-gapped existence as it has established itself as an island of encryption with no connectivity whatsoever to the internet

On top of that, it develops a unique perfect key which is a cryptographic cocktail of biometric fingerprint data, environmental light levels, and a 64-digit hexadecimal master-seed. Thus, it is much better than the common 24-word seed phrase.

To put the icing on the cake, the Ngrave company has collaborations with very reputable partners. Some of those partners are the Interuniversity microelectronics centre(IMEC), a world-leading nanotechnology institution and the Computer Security and Industrial Cryptography(COSIC).

The firmware itself has a robust anti-tampering mechanism. Put simply, it is very difficult for any one to tamper with the physical components of the ZERO wallet. If, against all odds, the firmware is tampered with, you can find out by performing a cryptographic attestation.

All of these attributes mentioned above make the Ngrave wallet very secure and reliable in a world of virulent wallet hacks.

The Ngrave ZERO works with the LIQUID app by means of QR codes. When transactions are originated in the app, they are signed by the ZERO’s QR scanner. The ZERO, in turn, generates its own QR code, which needs to be signed by the app before the transaction is sent.

In doing all these, communication with the online world is reduced to zero, hence the name. This ensures that the assets stored in the wallet are entirely secure.

Read also:

The post Ngrave Wallet Review [2022] – What Are Ngrave Zero & Graphene? appeared first on CaptainAltcoin.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

291 +