Every once in a while, you hear about Bitcoin and Cryptocurrency and their quantum leaps. Undoubtedly, digital currencies are going to rule in the future and that’s the reason behind the masses’ major gravitation towards them. However, starters may not be familiar with the jeopardy one has to face in this course – especially in choosing the most suitable hardware wallet. Being successful in this search means instant peace of mind since you root out the endless threats from hackers and viruses.
What Are the Risks?
A person with the bare minimum know-how of hacking can take over your account within seconds. You have to make certain that you are investing your money in the best Cryptocurrency Hardware Wallet. Below are the key reasons which place your wallet in peril:
- There are 1.1B+ malware softwares and viruses always ready to attack your funds
- Currently, there are more than twenty exchange hacks faced by Crypto owners.
- Twelve Billion Euros were lost as a result of ransomware attacks e.g.
- In 2019, Crypto owners encountered a loss of Four Billion U.S. Dollars
OPOLO aims to release the user’s apprehensions as it frequently stresses the security of their assets. Let’s see what it offers as a relief to this predicament.
Security of The Wallet
Certifications: EAL 6+ along with IOT Secure Label
Ever wondered what protects your credit or debit cards from spyware? The answer is: Secure Elements. Such chips are also integrated into the wallet to make sure that the coin private keys are in a safe place. Moreover, it could be called the ‘hub’ of the safety of your crypto assets.
For beginners: EAL Certification is the rating given – to a specific product – following an evaluation. This audit is based on the criteria set by certification authorities. Ratings are given from a total of seven and ordinarily, wallets get a maximum of five. However, OPOLO is privileged to announce that it uses a Secure Element, manufactured by NXP, with EAL 6+ rating – the greatest rating to date for a chip – to its audience. Moreover, it contains the IOT Secure Label Certification from Digital Security Paris – the first-ever wallet that is audited by Digital Security Paris, France.
Until now, not any hardware wallet has gone through such a series of examinations and certifications. Owing to this, the security level of the OPOLO Hardware Wallet is unparalleled.
Passphrases / Passwords
Have you ever noticed the suggestions on your computer screen whenever you are creating a new password? Most of the time, the software recommends a long password and categorizes it as ‘good.’ In OPOLO Hardware Wallet, you are allowed to select a very lengthy password – a maximum of hundred and twenty characters long. As an extra measure of security, only seven attempts are made acceptable to insert the correct password. On the eighth attempt, the device will be instantly seized up and the wallet mnemonics will be deleted. Besides, OPOLO cards are responsible for the backup of the mnemonics – which come along with the wallet. You simply need to position your wallet above the OPOLO card to commence the backup process. Remember to store them in an extremely secure place.
Similarly, here’s a succinct listing of a few other security features that are an integral part of OPOLO Hardware Wallet:
- Genuine Device Accreditation: every wallet has an exclusive key that only OPOLO knows. In this way, you don’t have to fret over bogus devices
- Keyboard Randomization: to shield your password/passphrases, keys can be seen in a randomized order. It also protects the device from malevolent chips – installed on the touch screen during a replacement
- PCB Encapsulation: the Polychlorinated biphenyl (PCB) inside OPOLO Wallet is encapsulated with chemicals. It makes everyone unable to damage the chips and the circuit
- End-to-end Encryption: the wallet transmits information to desktop / mobile applications through USB. AES along with 256-bit key length – the most trusted encryption algorithm – is used to encrypt this communication
- Free From Viruses: OPOLO firmware is digitally signed with its keys. At the time of installation, the firmware is encrypted. This protects the wallet from unauthorized installations
- Requires App Verification: OPOLO wallet only talks to the genuine OPOLO Desk or OPOLO Mobile app, a verification process is done before the processing of any requests
User-friendliness
3.2 Inches Wide Screen
People who frequently use hardware wallets are well aware of the struggles of small touch screens – especially men, who are naturally blessed with big hands. Either both of the passwords do not match or it takes hours just to log in. But, OPOLO’S goal is to make operating the device as easy as ABC. The device’s dimensions are 89.2 Mm X 66.4 Mm X 9.5 Mm. If you’ll examine these closely, you’ll observe that the device is rather big – as compared to others – hence, it’ll fit well in your hand.
Generally, hardware wallets are not easy to operate. In contrast, OPOLO is predominantly made to facilitate the user and to simplify hardware wallet matters for him.
Supports More than 120 Coins and 200,000 Tokens
Finding a hardware wallet that supports your desired token/coin is like finding the needle in the haystack. You have to install various wallet apps in order to continue your transactions. On the contrary, OPOLO Hardware Wallet supports an abundance of coins/tokens. Resultantly, a lot of time and effort is saved. Seriously, who has the time to spend literally hours to find the most suitable wallet, then download it, and then the activation process. Furthermore, incorporating additional options also multiplies the probability of the device being hacked since everything external is menacing.
OPOLO uses a bigger flash CPU so it can keep on adding more coins in the future – with every new firmware release. No need to replace the device, just update the firmware.
A couple of other prominent features of OPOLO guaranteeing the ease of use are:
- Only A Tap Away: The recovery and backup are just one touch away thanks to the OPOLO card
- Easy Exchange Of Coins: Enables you to exchange your coins with a lot of other coins available
- Serves worldwide: Although the team OPOLO is based in Europe but, their product is for all Crypto HODLers, around the globe
Versatility
One Versatile App
As mentioned earlier, OPOLO supports over a hundred and twenty coins and more than twenty thousand tokens. These all are available on one single application. Hence, it puts an end to the huge complexity of installing various wallets/plug-ins.
OPOLO Desk for Desktop and Laptop
For smooth and continuous communication between the wallet and the device, OPOLO facilitates its users with its hardware applications. The wallet can be accessed on desktops/laptops through the OPOLO Desk application. The dashboard is pretty simple to read. The application is compatible with wide-ranging devices e.g.
- Windows – 64 bit
- Linux – 64 bit
- MacOS – Sierra 10.10 & above
OPOLO Mobile for Android Mobiles
It’s good news for habitual mobile phone users. You can proceed with your dealings through your mobile phones by OPOLO’s mobile phone application – at this moment, only available for Android users.
Secure Password Manager
A supplementary step to untangle things and to make the device more immune to malware. The password manager is responsible for storing the two-factor authentication keys along with the passwords.
High-Performance CPU
Embedded ARM Processor, CORTEX- M4 with 2MB flash, is used in OPOLO Cosmos ensuring high performance i.e. a smooth user experience. The bigger flash ensures that OPOLO will add up more coins in the wallet with just a firmware update.
The OPOLO Team
The team plays a pivotal role in the company’s stature. Hence, it is crucial and mandatory to research them. Also, do listen to what other people have to say about the firm and product. The committed and resolute team members behind OPOLO are:
- Fahad Fazal: Founder and CEO
Fahad is a serial entrepreneur and has a Ph.D. in Artificial Intelligence. He has worked on several software and hardware projects for the last 20 years. He loves crypto and always says that this is the future of the financial system, so it has to be simple. He is focused on the simplicity of the OPOLO hardware wallet.
- Julien Vanel: Co-Founder and CSO
Julien is an ethical hacker. He has worked with leading European co-operations- government and non-government – securing their networks for the last decade. He is a HODLer and has been investing in Bitcoin for the last many years. He loves to find problems in the existing systems and is keen to build the most secure hardware wallet in the world.
Taking into consideration every aspect mentioned above, it can be inferred that OPOLO is definitely a trailblazing product in the industry. The tiny security steps added into the device eventually make up a defensive shield for your funds against the high-risk viruses. Aside from having the greatest level of security any wallet can offer, it’s outright handy. The wallet is moderately large, which perfectly fits into one’s hand and all of the commands are given seamlessly. Forbye, the comprehensible interface makes it an exceptional product. It’s almost impossible to find all of these qualities in a single hardware wallet.
Using a hardware wallet was a hard slog but, thanks to OPOLO for making it an easy task. Calling it impressive would be an understatement. The users will be dazzled by it right away.
Disclaimer: This is a paid post. KryptoMoney does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. KryptoMoney is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
