AsicVault is a security company making secure element chips and solutions forthe crypto industry. These chips burn AsicFuel. The secure element chips can support thousands of users at the same time. They are announcing 1RU sized appliance systems that can support between 100,000 to 1,000,000 users. All private keys of these users are held in isolated chip areas and they are not accessible to other users. This appliance system can be used by online wallets, exchanges, banks and other companies holding various blockchain assets.
Asic Fuel For Chips
AsicVault secure chip is the basis of all AsicVault products and it burns AsicFuel (AVF) to execute operations. AsicFuel is a cryptographic coin that (as the name implies) serves as a fuel for executing transactions via payment channels and will be accepted as a preferred payment method when buying/subscribing to AsicVault products and services.
Unique security characteristics allow for segregated storage of up to 5,000 private keys on each AsicVault chip. Thus, online multi-user wallets that employ secure payment channels and can be accessed remotely will be introduced. AsicVault Online Hardware Wallet subscribers will benefit from all security characteristics of the physical hardware wallet and enjoy functionalities provided so far by online wallets only – all at a fraction of the cost of purchasing a physical hardware wallet.
Lighting Fast, Secure
AsicVault ecosystem provides its users with lightning fast transactions enabled by the Trusted Execution Environment built into our chips. Enhanced payments using CoinJoin and CoinSwap will be available for the subscribers of the Online Hardware Wallet. The Online Hardware Wallet is based on the AsicVault secure chip and will be fueled by AsicFuel.
The proprietary AsicVault secure chip allows for completely new services to be introduced into the blockchain world. Similarly, to services provided by banks AsicVault users will be able to cancel transactions via e-mail, set spending limits, schedule payments and many more- without any intermediaries, all week long inside or outside of any working hours.
Those that are new to the crypto world and are unwilling to pay the full price of the hardware wallet, will be able to subscribe to the Online Hardware Vault that inherits all security characteristics of the AsicVault chip and is available directly on your smartphone, connecting it directly to the AsicVault chip. No servers, no intermediaries – your private keys are known only to you and the chip.
Asic Value App
AsicVault chip and devices/solutions based on it are built with the notion of expandability and idea of providing a playground for motivated developers to build new apps and be rewarded accordingly, either via selling their applications or subscriptions to them on the AsicVault App Store.
AsicVault Hardware Wallet
AsicVault Hardware Wallet is the first physically secure cryptocurrency vault, providing 1000x stronger security, crypto accelerators and active antitamper functionality. It can be called a true hardware wallet since we have designed all key components in hardware, not in software. Total market size of hardware wallets sold exceeded 1,000,000 units in 2017. AsicFuel allows us to extend the market size in the future even more by providing hardware wallet monthly subscription plans with payments as low as 10 EUR/month.
AsicVault Hardware Wallet based on the innovative AsicVaut security chip will be available in 2019 Q1 for everyone. Full specifications of the device are available at asicvault.io dedicated product website.
Hando Eilsen CHIEF ARCHITECT
Andris Vaivods CHIEF COMMERCIAL OFFICER
Rain Adelbert CHIEF HARDWARE ENGINEER
Matiss Paegle CORPORATE FINANCE
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