Have you ever considered owning a virtual asset that could be worth much money? The concept of owning something in the digital world is not complex. In the world of Cryptocurrency, ownership and legitimacy are formalized by a redistributed system that is not controlled by one person or a governing body.
In the 21st century, the cryptocurrency industry has a vast market. People can buy them as virtual assets and sell them when the price is right with the intention of making a hefty profit. In order to make these transactions, innovative and quick companies have adopted many ways to perfect the trade of crypto. These start-ups got popularized among crypto users within a very short period of time. Using crypto is not like sending and receiving from one device to another. The user needs to store Cryptocurrency safely and be able to access it with maximum safety and swiftness.
Hence, many companies work on perfecting the crypto trading market, thereby inventing some software and physical devices such as Crypto wallets. The user’s public and private keys are stored in these wallets. The Cryptocurrency is stored in the blockchain network. The crypto wallet lets the user access his assets via the public key. In layman’s terms, the private key is like the PIN for that specific account, and the public key is like a bank account number.
Principally, two varieties of crypto wallets exist: Cold and hot wallets. The main advantage of having a cold wallet over a hot wallet is that it’s entirely offline; hence it’s never vulnerable to hackers.
What is Arculus?
Arculus is a company attempting to perfect the craft of cold storage. Arculus provides a convenient and reliable 3-factor authentication to maintain your digital assets risk-free. With casual interaction, strict validation, and consistent experience, you can use it anywhere anytime. Arculus is a Web-3-based cold storage wallet that lets the user view and store NFTs and Cryptocurrency. While Sophia’s remarks about destroying humans caused controversy, the scientists are now focusing on advancing AI research by integrating Blockchain technology into their work. Arculus was formed by CompoSecure. A leading pioneer situated in New Jersey, that has decades of experience in designing and manufacturing financial cards.
By investing their skillfulness in security hardware and financial payments, Arculus allows you to use a daily carrying card-like element to procure your private crypto keys. Combined with the Arculus companion app, it grants users full control of their digital assets and keys. 1
Arculus uses a 3-factor authentication system comprised of the following:
- Biometric, face ID, or fingerprint.
- Custom 6-digit PIN code.
- The Arculus key card.
How does it work?
The key card consists of 5 main components
- The stainless cover
- NFC-enabled secure hardware
- Antenna inlay
- PVC inlay
- Polymer protective layer
The private keys on the key card are coded and stored in the NFC-enabled secure element. The contents coded in the Arculus card can’t be modified in any manner because when it’s manufactured, the card is locked; hence it is impractical for it to be hacked. The Arculus key card doesn’t have any ports, such as USB to connect to other devices, and it never runs out of power.
With just one tap on the Arculus key card, it interacts with the Arculus app via NFC, which has a secured range of only a few centimeters. Your private key will never be relocated from the secure hardware on the Arculus key card, and the card is compulsory for signing all transactions from the user’s wallet. The Arculus wallet is manufactured using the split knowledge principle. Meaning that the keys are separated into several components so that each component doesn’t have knowledge of the original key. This grants the user security without needing to read the Arculus card’s private key. 2
The demand for Cryptocurrency is gaining traction and it will continue to grow. As we continue to digitize our lives, it is imperative that we have a secure way to store our digital assets. Hence, Arculus will play a major role in powering the next wave of cryptocurrency adoption by providing secure and convenient storage to the masses.
- Arculus: www.getarculus.com[↩]
- cdn11.bigcommerce: www.cdn11.bigcommerce.com[↩]
