ONE WALLET TO RULE THEM ALL - ETHOS.IO
The blockchain is the bank while cryptocurrency is the money you have on it. So, when this bank (blockchain) came into existence, something have to be considered first, that is the level of trust. For this trust to be built, peoples money have to be save. With this been considered, the wallet was introduced.
After the birth of this wallet, some factors have to be considered. One of it is ensuring that you, owing the token, must have full access to your Wallet. With this, there is every tendency that trust can be entrusted.
A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys and can be used to track ownership, receive or spend cryptocurrencies. The cryptocurrency itself is not in the wallet. In case of bitcoin and cryptocurrencies derived from it, the cryptocurrency is decentrally stored and maintained in a publicly available ledger called the blockchain.
When you have your wallet to any cryptocurrency, make sure you have the keys(like in a banking system where you have your account numbers, password, and other relevant datas). It is the keys that gave you direct ownership of the wallet.
With the above definition, we now have a clearer pictures of what a crypto wallet is and why it is important.
With the rise of crypto, different means and medium has to be put in place to ensure that token are safe and controlled by individuals. It is with these issues that different crypto wallet came on board. Some offers single crypto savings while others are universal, i.e you can save more than one coin there. It is with this that I present to you the Ethos universal wallet.
Ethos is a decentralized universal wallet operating on top of the Ethereum Network which can be used to store different cryptocurrency.
Harnessing the power of design, technology and social intelligence, Ethos proposes a universal wallet & fiat gateway designed to make buying, trading, and managing your crypto assets consumer-friendly.
It currently occupies number 86 on the stateofthedapps wallet list. You can check the ranking here
With it utility/universal purpose, you can easily store over 150+ over cryptocurrency and you can keep track of your cryptocurrency on other exchanges. This is indeed promising. The choice of owing different portfolio is over, you can save conveniently with this wallet and do the extraordinary.
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Ethos operates just like the way the bank operates. It aim is to make storing of crypto asset more friendly. It ensures that all your crypto can be controlled by a single universal platform.
You can access Ethos universal wallet through your mobile phone. It is available in IOS AND ANDROID OS. Below is the link for the various devices.
You can download one of the two, base on the phone you are using.
For the purpose of this review, I download the Android os version.
After downloading it, I lunch the app, it loads up. I clicked on sign up (since am a new user). I filled my detail, click okay.
A verification code was sent to my mail, I opened it and got my account verified. I got back to the app, click on login, fill my details and I was logged in.
After logging, the next step is to ensure that you create your wallet. This is where you asset will be stored. You will be asked to fill in a wallet name (mine is tfame3865). After that, you will be taken to the next page, where you will need to create your smart wallet address (this is the place where your asset will be stored).
I clicked on the smart wallet, I was prompt to choose a smart wallet name, I type in tfame3865 which is my username. After that, it took me to the Smart wallet process. The smart keys consist of 24 keys. These keys are used to restore your account in case it got lost of compromised. Always write and keep it safe.
Now to create your keys, you have to keep shaking your phones, it will generate your smart keys for you automatically.
After generating your smart keys, you will be asked to input the keys you just wrote down. Input it and your wallet will be created.
Now the Last process is for you to set up your pin. The pin can be 4 letters or more. I did and I finally got my account activated.
Some of Ethos.io features include:
SMARTWALLET - Securely store and manage your crypto coins on multiple blockchains seamlessly. Ethos SmartWallet provides mobile-first hot wallets to safely and securely interface with multiple assets on multiple blockchains.
WATCHFOLIO - Easily track your crypto coins and assets stored anywhere in a clean and simple interface. Add digital assets you have stored somewhere else, add coins to your watchlist or create fantasy cryptocurrency portfolios.
COINS - With Coins, you’ll have access to powerful coin profiles that combine raw data, key facts and social intelligence with technical, market performance, ratings and more. Everything you need at your fingertips.
STATE-OF-THE-ART SECURITY - No more managing multiple private keys and wallets. With the Universal Wallet, you generates a single Ethos SmartKey for each wallet You remain in complete control at all times. Lose your phone? Simply restore your cryptocurrency wallet and regain control of your funds using your Ethos SmartKey.
To buy your favourite crypto, all you have to do is to click on buy from the pull down menu or you can access that directly from your smart wallet menu. After clicking on it, choose the coin you want to purchase, fill the amount and click next. You will be taken to the fiat purchase page. You will need to input your card details for you to be able to purchase the token.
One thing that I really love about Ethos.io is that it offers that first time easy guide to it customers. I was able to set up my account with just some easy steps. They make sure that they put all system in place to make sure that the necessary easy guide was accomplished.
Lastly, supports works 24/7, this is indeed a great step for such a universal platform. At least, it will ensure that issues are been sorted out fast and smartly.
When trying to login, I was promoted to use my finger pin, I did and was surprised I was asked to input my 4 digit pin. I know this is for security but at least, the finger print can ease up the process of logging in. It is even more secured when compared to pin login. I prefer we go with one options.
ETHOS.IO has helped to ensure that our asset can be saved and controlled with a single tool. No need opening multiple wallets for cryptos. With Ethos.io, we can get all our token controlled with just a single wallet. Another good thing is that we can also keep watch of our token on exchange, and also check how far they are doing. With this in place, I am rating them 4.5/5.
For more info on #Ethos.io, visit stateofthedapps here
Disclaimer: Images are properties of #ETHOS.IO and are used for the sole purpose of this review