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. Our 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.
UNPARALLELED PROTECTION AGAINST WALLET AND EXCHANGE HACKS!
AsicVault is a security company making secure element chips and solutions for the crypto industry.
Our secure element chips are not ordinary chips just for a single user. They can support thousands of users at the same time. We 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. It is impossible to steal or access all the keys at once because of this segregated secure storage. There is no vulnerable operating system that one could hack into, there is no way to copy the private keys since such function simply doesn't exist in hardware! This appliance system can be used by online wallets, exchanges, banks and other companies holding various blockchain assets. At all times you will be the owner of your private keys, no one could withhold or steal your funds.
Hacking exchanges is no longer possible.
Our chips together form a proper Trusted Execution Environment (TEE). In a similar fashion to Teechan, but without locking up funds in payment channels, Trusted Execution Environment allows us to perform instant transactions between AsicVault users, you could also call them Atomic Swaps. Since we can support different cryptocurrencies without any limits, the same TEE forms high frequency trading system - Decentralized Exchange (DEX). At all times you are the owner of your private keys. You don't have to deposit/withdraw anything. Even your personal AsicVault hardware wallet can directly participate in the decentralized exchange.