Product Design and Development Blogs | Voler Systems

XEEDA - Cryptocurrency Hardware Wallet | Voler Systems

Written by ashok kumar | May 4, 2020 7:50:40 AM

XEEDA is a cryptocurrency hardware wallet and integrated app that provides a simple, secure, and convenient way to access, exchange, and manage bitcoins and other digital currency assets directly from your smartphone.

Voler developed the device with very high security using multi-factor authentication and built-in biometric security features. It uses a fingerprint sensor as well as a passcode. All private keys are secured in a secure microcontroller and cannot be transferred outside of the device. It uses EAL5 level of security using Common Criteria. It was designed to be a cold storage crypto currency device with encrypted links between the smartphone and device. In addition, links between chips are encrypted within the device so that no snooping can be done on an opened device. The device also has a small color OLED display to ensure that changes to the storage were only allowed through interacting with the device display and not through the smartphone display.