Ethos markets itself as a blockchain platform that is powered by the people. The goal is providing a financial ecosystem that is fair, open, and safe. The team wants to give everyone the chance to be part of the New Economy by combining design, social intelligence, and technology.
One of the key features of Ethos is the platform’s Universal Wallet. As this wallet is universal, it can hold multiple cryptocurrencies, preventing the need to hold and organize multiple private keys and wallets. Instead, users can rely on a single secure blockchain wallet. The wallet is free and makes it possible to access assets from anywhere instantly. Instead of having to remember multiple private keys, Ethos SmartKeys let you control your Universal Wallet with a single private key.
The SmartWallet is a mobile-first hot wallet that securely interfaces multiple assets across multiple blockchains. In the near future, Ethos will also add a ColdWallet that has its own SmartKey and is stored offline to maximize security.
Ethos Universal Wallet Security
- 1 Ethos Universal Wallet Security
- 2 Features of the Ethos Universal Wallet
- 3 How Does the Ethos Universal Wallet Compare to Other Wallets?
- 4 How Do You Get the Ethos Wallet?
- 5 What Is Ethos Social?
- 6 What Are Some Features of the Ethos App and Platform?
- 7 What Is the Ethos Bedrock?
- 8 What Is the ETHOS Token?
- 9 How to Buy ETHOS
- 10 Conclusion
- 11 Useful Links
When you set up the Universal Wallet, you generate a 24-word mnemonic that is one 256-bit seed. This seed provides the master encryption for each and every private key in every wallet that you create, providing security forever. The Ethos SmartKeys use accelerometers and feedback to ensure that every SmartKey is ultra-secure and unique. By using the single SmartKey, you can access all your digital assets, even if they are in different cryptocurrencies.
For added security, you are always in control of your assets, and Ethos never holds them. Similarly, Ethos never stores your wallet seed on the server and there is a virtual keyboard that stops key logging. There are plenty of security features, such as PIN protection and biometrics. If you lose your phone, you can easily recover your wallet with your unique 24-word mnemonic.
Features of the Ethos Universal Wallet
WatchFolio tracks your portfolio, letting you add information for any digital assets stored in another wallet, watch specific coins, or create a fantasy portfolio if you want some practice. Coins delivers coin profiles with detailed information, such as ratings, market performance, and technical information, taking advantage of social intelligence and raw data.
Ethos is also working on Ethos Verified Wallet Domains. These let you register then verify your name and get a branded wallet domain with the same support for any coin that the Ethos Universal Wallet provides. Instead of having to give out a hard-to-remember cryptocurrency address that someone can easily enter incorrectly, you get a simple name that is synchronized with your blockchain transactions.
How Does the Ethos Universal Wallet Compare to Other Wallets?
There is almost no comparison between the Ethos Universal Wallet and competing wallets. Compared to CASE, UberPay, Exodus, Mist, Trezor, Coinbase, Ledger Nano S, and Mycelium, Ethos is the only one to check off all the boxes. It has support for Bitcoin, altcoins, and ERC20 tokens, plus token classifications. It also has asset allocation, cold storage, managed keys, fund transfer, mobile support, a software interface, and a social element. The competitors only have a handful of these features, and none of the above competitors offer social features or token classifications.
How Do You Get the Ethos Wallet?
At the moment, you can preregister for the Ethos Wallet. Preregistering will give you the chance to be one of the first to choose your Verified Wallet Address, so you can get the name you want. You also receive Gold Membership at no charge for your first year and access to the airdrops from Ethos partners.
What Is Ethos Social?
Ethos Social provides a social aspect to the platform, letting users leverage the power of others (hence “people-powered”) to make smarter investments. There are features like reviews and ratings, plus community consensus to provide insights. With Ethos Social, users can interact with others who are experts and enthusiasts, sharing your knowledge and data so everyone can make smart investments with digital assets or even just learn about this type of investing.
What Are Some Features of the Ethos App and Platform?
When using Ethos, users can view everything in their straightforward portfolio performance dashboard. This includes real-time analytics and smart reports to help you evaluate and plan. Thanks to the Ethos community, you get dynamic reviews and ratings on the platform. The interface is intuitive as well as fun, appealing to beginners, experts, and everyone in between. Best of all, Ethos has no hidden costs or setup fees, letting you accurately plan financially.
What Is the Ethos Bedrock?
The Ethos Bedrock is the high-performance and sophisticated API architecture that integrates with the Ethos ecosystem and token. It is designed to power future finance and crypto applications. Once complete, the Ethos team will share it, so others can also take advantage of the technology.
What Is the ETHOS Token?
ETHOS is the platform’s access token that lets users securely manage cryptocurrency wallets, coins, and keys. It has ERC-20 audited contracts on the Ethereum blockchain and delivers lower-cost transactions that put you in control of your funds. Initially, ETHOS will be for accessing various features and paying fees. Eventually, it will become more liquid and may be used for rebalancing individual portfolios.
ETHOS tokens will be the payment method used to access and use services on the platform and pay transaction fees. Plus, it will enable liquidity. It will not control the company, give voting rights, or pay profits. The Ethos team hopes that in the future, the ETHOS tokens will also be used for sending value in a way similar to PayPal.
How to Buy ETHOS
You are not able to purchase ETHOS with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for ETHOS at an exchange which lists the token.
Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.
Once you have purchased Ethereum, you can trade for ETHOS tokens at the following exchanges:
Ethos offers users a range of cryptocurrency-related services that are powered by the people. The Universal Wallet includes innovative features, such as a social aspect, to allow users to interact with each other, sharing insights that can lead to smart investments. The wallet will launch soon, and you can already preregister.