If you have purchased yourself an ELLIPAL Titan hardware wallet, you are already on your way to securing your cryptocurrency in the most secure air-gapped cold wallet. However, it is also important for you, the user, to understand the basics of this wallet in order to keep your crypto secure at all time.
What is the purpose of the ELLIPAL Titan?
The ELLIPAL Titan helps you create your cryptocurrency account in a secure and offline environment. This consists of creating your private key and the public key. The public key is shared to the App and the private key will be kept securely within the ELLIPAL Titan, protected from any hackers. The ELLIPAL Titan is also used when users want to securely sign for a transaction.
What is the purpose of the ELLIPAL APP?
The ELLIPAL App is designed to be paired with the ELLIPAL Titan. The ELLIPAL Titan simply pairs with the ELLIPAL APP via QR code and now, the APP now has all of your addresses. The addresses sync up with the blockchain and allows you to view your balance and create transactions. You cannot view your balance on the ELLIPAL Titan because it is completely offline.
You can also create an account directly on the App, this will create a hot wallet account.
How ELLIPAL keeps your Bitcoin and other Crypto secure?
The ELLIPAL Titan has 3 main security points:
1) Air-gapped: From the chip set level, the ELLIPAL Titan does not support any type of connections (USB, Bluetooth, WiFi etc.). This means the ELLIPAL Titan cannot be attacked in anyway through a network or another device unlike other hardware wallets. Your crypto will always be kept safe and offline.
2) Anti-Tamper: The ELLIPAL Titan is built strongly to prevent physical hacks. The unit is built upon a durable metal frame, hackers cannot crack open the device without causing permanent damage to the unit. If a hacker try to crack open the unit, the system will automatically deletes itself, protecting your crypto.
3) Trustless Trust: The ELLIPAL Titan is all about being transparent. All QR code coming out of the ELLIPAL Titan can be verified with any QR code scanner. Users can prove to themselves that every QR code is correct and contains the right information. A large screen also allows user to double-check their transactions and make sure they are always sending to the correct address. Lastly, the ELLIPAL Titan allows private keys and recovery seed import from user's own trusted source so their is no need to trust ELLIPAL's code.
How transactions work?
Transactions are firstly created on the App. The App sends the transaction information to the ELLIPAL Titan via QR code. The ELLIPAL Titan then confirms the transaction within the software using your private key and issues a confirmation QR code. The App scans the QR code, confirms the transaction and your crypto is sent.