Introducing The ColdLar Pro 3 Hardware Cryptocurrency Wallet
Storing your Cryptocurrencies and Bitcoin securely is highly essential and never to be joked with.
This is because in cases whereby you get hacked or your funds get stolen, you may never get your funds back no matter the amount lost.
And even for this reason alone, it is vital and a wonderful idea for everyone to start considering purchasing a hardware wallet.
You should all know that the hardware wallet is a device that enables Cryptocurrency users to securely keep the keys to any of their Cryptocurrency accounts. The keys are kept away from not only the internet but also bad people that dwell online.
Basically, people who invest in Cryptocurrencies or probably just use it for no particular reason at all are plagued with one particular issue. This big problem revolves around how best to store the Cryptocurrency.
Some individuals may choose to leave theirs on the exchange they purchased it from while others will rather have them in their own possession. For these reasons, the best thing to do is to find either a storage media or a wallet system.
However, the good old folks at ColdLar has issued some new hardware wallets for Cryptocurrency enthusiasts. This new wallet may best be described as the powerful weapon of choice for a lot of the Cryptocurrency investors.
What To Know About ColdLar?
So many people may have come across the name “ColdLar” but may not know much about them. Well, ColdLar is a Blockchain technology company based in Beijing. They are specialized in providing Blockchain computerized assets security solutions.
The ColdLar Information Technology Company Limited was established in 2016, December. It was founded by a team of Blockchain technology professionals and pioneers.
This team once worked in Huobi and went on further to create and manufacture hardware wallet cold storage devices.
Meanwhile, after a set of funding rounds, ColdLar got an investment of over $10 million from Huobi Group, BitMain, and so many other institutions. Thus, ColdLar has gone on to launch diverse hardware wallet products which are;
- The Pro1
- The Pro2
- Pro Gold
- The Pro2.5, and so on
And now, it has debuted its latest device that everyone is talking about. This is the Pro 3. Their well-known product is the ColdLar wallet which can store diverse Cryptocurrency assets like Ethereum, LiteCoin, and Bitcoin.
The private keys are never given the chance to link with the internet and so it destroys the risks of private keys being stolen by hackers. ColdLar wallets consist of two components which is the ColdLar app and the hardware wallet
In addition to all these, the hardware wallet is the one responsible for building the transaction and even signs it. As for the ColdLar app, it is used in checking out the Cryptocurrency address balance and to issue transactions.
Every information that ColdLar wallets get engaged in is transparent and open and does not have any risks.
The ColdLar Pro 3 Wallet
The new ColdLar Pro 3 wallet has adopted the concept of DRP; Dimension Reduction Protection. This dimension reduction protection consists of a hot end APP and a cold end wallet device.
It has a special structure of hardware device plus mobile application and makes sure that the private key will never be linked to the system.
This encrypted data is transmitted via an encrypted NFC or rather a two dimensional code. And so, it assures users of the authentic security of every transaction carried out.
Being a leader in computerized assets security solutions, ColdLar is highly devoted to taking up the role of a guardian for every Blockchain asset. With this new release, there is no doubt that the Pro 3 will not lead other computerized assets.
While so many experienced investors of the Cryptocurrency market have been aware of the ColdLar wallet for years, new customers will have an in-depth understanding of ColdLar’s concepts reading this article.
You should note that the ColdLar wallet is not just a smart hardware cold wallet device, it is a complete set of security storage solution created for computerized assets. The wallet is described to look exactly like a mobile phone.
Although, it will be a mobile phone that does not demand any network connection. The balance check and transactions can be executed on the ColdLar App.
ColdLar’s security storage solution is practically based on the security design of the ColdLar wallet.
While the private key’s secure storage and algorithm is taken as the core area of the wallet, it also depends on the powerful research and advancement abilities of ColdLar to fully disrupt any attack to be made by hackers.
Furthermore, the languages supported by both the hardware and the application of ColdLar wallet include;
- Korean
- Japanese
- Chinese and;
- English
This amazing wallet is equipped with a camera of 13 mp; megapixel. It also comprises of a fingerprint unlock. It really does feel like a mobile phone. Interestingly, it is simply recharged by its USB-C interface.
The diverse signature function is also one of its great highlights. Nonetheless, the application can instantly link with the most convenient network service.
Additionally, the ColdLar wallet pro 3 supports diverse Cryptocurrencies. If you did not know, it is vital to understand that the ColdLar wallet pro 3 is divided into a hot wallet and a cold wallet.
However, the cold wallet is physically detached and cannot be linked to the network. For the type c interface, it can only be charged and does not utilize data transmission.
And, it takes the secure storage and algorithm of the private key as its crux, as well as relies on the strong research and development capability of ColdLar, for completely isolating the hacker attacks.
Even the ColdLar Company has defined this intriguing wallet as safety equipment. We can confidently say that this wallet device is more of a computer than a storage device. The ColdLar pro 3 makes use of two passwords.
As a matter of fact, one of the passwords is a randomly produced seed password while the second password is a user designed parent password.
Basically, the seed password is coded and kept on the hardware device, and the payment password is inserted anytime you want to make use of it. Whenever you want to enter the payment password, the private key of the matching address will be produced.
The transaction is signed by the private key, and once the signature is executed, the private key is immediately destroyed. Due to the burning of this private key, after it is utilized, it further proves that the user’s private keys are absolutely secure.
Cost Of The ColdLar Pro 3
For those of us not only excited but also interested in all we have just read about the ColdLar Pro 3 hardware wallet, we are happy to announce that the wallet is up for sale on Amazon (to get there, click the link on the official ColdLar site).
Although having a highly secure and simple to use cold wallet is very essential for our Cryptocurrencies, Coldlar may be plagued with an issue.
This issue revolves around the fact that though the ColdLar wallet pro 3 has been sold at a greatly discounted rate, its price is still to a large extent higher than every other wallet.
For some people, its appearance and operations make the wallet to be worth a premium; it is still relatively hard to think that people would spend so much for a wallet.
Not only so much, but six times more than one would spend on other competitors. However, ColdLar is known to be all about the high-end market. So, it might not be an issue for them after all.
Unique Features Of Pro 3
It is highly worth mentioning that the ColdLar wallet pro 3 does not only have meaningful advantages in both security and convenience, it also has some unique features. They are;
- Its NFC Communication Technology
With the in-built NFC communication technology, the data transmission of the pro 3 is much more convenient and safer for users.
NFC, also known as Near Field Communication supports the original coded two-dimensional encryption scan and transmission of the ColdLar wallet pro 3. With NFC, the precise transactions will be quickly synchronized to Blockchain.
It helps to enhance the effectiveness of huge transaction amounts. This is mostly for the miners of Blockchain. However, the scanning of hundreds of two-dimensional encryptions manually is not needed anymore
- It backs EOS ecology
ColdLar wallet pro 3 completely supports the four key currencies which are EOS, IPC, GOD, and ACT. Basically, Pro 3 backs the EOS ecosystem and the diverse signature administration of LiteCoin, Bitcoin and so many more.
Meanwhile, ColdLar wallet has backed up the accepted Cryptocurrencies and tokens that are ERC20 based. They include;
- Dash
- Ripple (XRP)
- XEM
- Zcash
- BCX
- BCD
- Qtum
- LiteCoin
- Ethereum
- Ethereum Classic
- Bitcoin
- Bitcoin Cash
- BTG
- Doge
- EOSSBTC, and lots more.
- Source code generation algorithm
ColdLar wallet pro 3 develops the gathering of environmental data as a declining source and also ensures the special and random source encryptions which greatly modernizes the encryption strength.
Thus, every hardware wallet can be validated via two-dimensional encryptions to track the issuing of products, avoid fleeing, unreal products and occurrences that are not desirable.
- Upgraded Hardware And Software
The refurbishment of pro 3’s hardware and software leads to the extensive boosting of the experience of users. The wallet adopts a brand new central portion material with a convenient and fruity touch.
With the pro 3’s minimalist style, it can provide users with the sophisticated level product experience in its physical and visual areas.
- Detailed Design
Generally, the ColdLar wallet pro 3 provides users with an intimate yet detailed design. While the wallet is a hardware cold storage device that users can easily understand, it, however, has a detailed and intimate aspect to its details.
An example is the fact that the wallet enables users to install their account name according to their very own preference. The wallet has features such as the NFC waking application, and the screen lightens up also.
These are convenient and effective. Users can synchronize the time in the wallet manually or by scanning.
Overall Specification Of The Pro 3
The name of the product is ColdLar wallet pro 3 as already mentioned earlier, and its screen type is 3.97 inch IPS. ColdLar wallet pro 3 has a screen resolution of 640*1136.
Moreover, its size is 123.4*62.6*8.6mm. The wallet has a ram size of 1 GB, and a ROM size of 8 GB. Mentioned earlier is its charging interface which is a type C. It has a camera of about megapixel and supports both NFC and fingerprint scanning.
Opening The Box
When you purchase the ColdLar wallet pro 3, you will notice that the inner package has been divided into three sections.
The first section comprises of the wallet itself, the second section consists of the USB type C interface charging cable.
As for the third section, it contains the password card, main holster, password card holster, cleaning cloth, manual for instructions and finally the certificate. Pro 3’s instruction manual has a short description that centers on how to use the wallet.
It is written in both English and Chinese. The wallet’s manufacturers also created a leather case for the pro 3 plus a cloth for cleaning the device.
The password card holster has two password cards and it is convenient for the users to back up their seed passwords.
The grip of the wallet is very smooth and its body has just two physical buttons. Its front home button can be utilized for both fingerprint authentication and return function.
The power button has been placed on the side while its type c interface and audio have been designed at the bottom.
For the battery capacity of the device, it is 1400 mAh. Officials have claimed that the standby time shutdown is roughly twenty-eight days while the power on standby time is about fifteen days.
In Conclusion
Over time, ColdLar wallets have fixed their goal on the safety administration of computerized assets. Moreover, it has also taken up the transformations of the Blockchain market and continuously made developments in accordance to the latest demands and satisfaction both users and the market needs.
With the unique features of ColdLar Wallet Pro 3, it is evident that the device follows up on the trends in the market accurately.