New York, NY, 12 November 2019 – At New York Consensus Invest Summit, Evercoin Inc. as we speak introduced Evercoin 2, the “safest hardware wallet”. Evercoin 2 offers a pockets and change for bitcoin and different cryptocurrencies that includes a hardware pockets the dimensions of a home key powered by YubiKey 5ci, the primary implementation of its type. Prior to this, customers wanting hardware safety relied on massive, tough to make use of and not mobile-first first-generation hardware wallets like Ledger and Trezor. Now each appropriate YubiKey proprietor can obtain a free hardware pockets.
Evercoin offers all the monetary companies customers anticipate from a service like Coinbase, however for the primary time ever in a cellular pockets, secured by hardware and totally managed by the consumer. Evercoin presently helps 20 property together with Bitcoin and Ethereum.
Crypto customers aren’t secure. Here are a number of the threats we are able to tackle with the brand new mixed providing from Evercoin and Yubico:
Hack assaults : hackers can achieve entry to personal keys, the end result will be whole lack of all property.
Exchange hacks : crypto exchanges will be hacked or exit of enterprise inflicting lack of funds.
Key loss : customers can lose all of their property by forgetting non-public keys, dropping paper wallets, exposing keys to unhealthy actors, dropping hardware gadgets. Chainalysis estimates that 2-Three million bitcoins have been misplaced completely on this means.
Other consumer errors : customers can enter the incorrect tackle when sending transactions
Volatility : volatility of crypto costs can dramatically crash the worth of consumer property.
ID Theft : hackers can steal a consumer’s account and identities thus enabling a bunch of assaults on the consumer’s accounts and property.
“Wrench” assaults : assaults involving a bodily risk to your individual. Phishing Attacks : consumer e-mail and social networking accounts will be compromised and data and property can then be stolen from their associates and social community.
Evercoin 2 helps hold customers secure from all of those points with these security options:
Stopping Hack Attacks: (Hardware Security) : Users are protected against hackers by YubiKey (a small key-like system) which cryptographically secures consumer funds.
A “Hardware Wallet” comparable to Ledger or Trezor will present hardware safety, however the next options are distinctive to Evercoin, particularly together:
User Funds Protected From Exchange Hacks : the Evercoin change is non-custodial so customers conserving funds in Evercoin can by no means lose their funds to an change hack. Your keys, your crypto.
Protects Users From Key Loss ( Wallet Back-up & Recovery ): Users are protected by patent-pending, non-custodial, user-friendly again up of wallets–enabling restoration from misplaced telephones, misplaced YubiKeys and even misplaced passwords.
Prevents User Error : Evercoin offers the simplest to make use of hardware pockets which is actually like utilizing a card key to a resort room. Insert to unlock and take away to lock. Integrated change and QR codes cut back error-prone typing or pasting sophisticated addresses.
Allows Users to Respond to Volatility (Mobile Exchange) Sudden modifications out there can destroy the worth of your property. Instantly and securely change property on-the-go with a YubiKey that matches in your key ring and your cell phone.
Stops ID Theft: (iPhone and Android Biometrics): as a result of Evercoin is smartphone primarily based, it may possibly benefit from biometric fingerprint and face ID in ways in which purpose-built hardware wallets can’t. By combining passwords with biometrics and hardware safety, we are able to present the world’s most secure possession
Avoid Wrench Attacks : yubikey is small and inconspicuous not like most hardware wallets. Nobody will know you’re storing crypto.
Block Phishing Attacks ( YubiKey ): through the use of an unmodified YubiKey, customers may profit from securing all of their e-mail and password protected accounts with YubiKey.
“Evercoin users deserve peace of mind. We protect users from hackers with YubiKey hardware—but we also protect them from accidents when they have lost their phone, their YubiKey, or their password ” mentioned Talip Ozturk , Founder, CEO of Evercoin. “Accidents do happen, and we want to ensure that funds are always safe and recoverable.”
Evercoin is working with Yubico, developer of the YubiKey, a trusted hardware safety supplier with thousands and thousands of customers. Evercoin 2 offers the first-ever hardware pockets utilizing the brand new YubiKey 5ci (for iPhone and USB-C for Android). All current homeowners of YubiKey 5ci can get hardware pockets capabilities simply by downloading Evercoin from http://evercoin.com. Another benefit is that YubiKey is a general-purpose safety system–so Evercoin customers may use YubiKey to safe their password managers,
messengers and e-mail,social media and any variety of different appropriate authentication
methods, thus offering 360 diploma safety from oblique hack assaults like phishing
or ID theft.
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Evercoin is a Silicon Valley primarily based startup based and led by Talip Ozturk, the creator
of Hazelcast, a preferred open supply in-memory distributed database in use on the
largest monetary companies corporations on this planet. Having seen the ability of open
supply at a number of the largest banks on this planet, Talip was impressed to affix the
cryptocurrency motion which mixes his love of open methods and distributed
governance together with his expertise in large-scale high-performance monetary infrastructure
and distributed computing. Evercoin offers the world’s most secure cryptocurrency
possession expertise together with a cellular hardware pockets, account restoration and