UPDATE 19 January 2021: When trying to update this review today, we searched quite thoroughly for Jolt Wallet. However, we were not able to find its website. It seemed to have disappeared. Accordingly, we have removed this wallet from our Cryptocurrency Wallet List until further notice.
To find an active cryptocurrency wallet, please refer to our Cryptocurrency Wallet List.
Jolt Wallet Review
Finding a hardware wallet for your cryptos may not come as easy as you think. Jolt wallet aims to provide a solution to help crypto users manage their funds. Jolt is Nano integrated hardware wallet. Although it is still under development, we will be looking at its prospects and security features in this review.
Hardware wallets have increasingly become popular. They are becoming preferred storage of digital assets. However, finding a secure storage solution for digital assets may prove to be a nightmare for many owners. Nano solved that challenge and created its native hardware wallet called Jolt.
For early Nano users, there were limited options for asset management. This prompted some enthusiasts to build their hardware wallets. As such, Jolt was born. Though still in its infancy, the wallet will soon support other cryptocurrencies. In the near future, Jolt will likely compete with big guns like Ledger and Trezor.
Jolt is open-source. This means that anyone can contribute his or her skills to make it better. This makes it very secure. In addition, Jolt wallet plays hardball in terms of RAM, CPU, and storage when compared to the current market giants. It is also equipped with USB, Wi-Fi, and Bluetooth. This allows it to work as a standalone mobile device and interface with your computer or smartphone.
You will probably remember Nano from when they were RaiBlocks (XRB). Colin LeMahieu founded the company. At present, Nano is the 48th most valuable digital asset out there. It has a market capitalization of $107,654,150 USD and each token sells for $0.8 (CoinMarketCap).
Plans for a production release were made for early this year, but this is yet to materialize. A lot of underground work seems to be going on, particularly when it involves the software. The hardware wallet looks like a potential game-changer for Nano users. For now, the wallet is focusing on its third-party app developer documentation. Equally, a specific release date for the product is yet to be announced. Jolt is located in San Francisco.
Jolt Wallet Supported Coins
For now, the Jolt wallet integrates with Nano. According to the developers, the wallet will support more digital assets when the project reaches full completion.
To find out where you can obtain Nano, visit our Cryptocurrency Exchange List and use the filters to find the right exchange for you.
Jolt Wallet Fees
Nano is known for its instant and free transactions. This is because its technology works slightly differently from regular blockchains. Traditional blockchains are usually linear and very slow.
By having multiple chains in a grid or lattice framework, Nano can reduce transaction time and lessen the burden of fees. This makes it ideal for paying small bills with the digital asset. We can look forward to this feature in the Jolt wallet.
Furthermore, most hardware wallets do not charge fees for transactions unless you are paying blockchain network fees.
Jolt Wallet Price
Jolt wallet is an open-source wallet. This makes it free to use. Anyone can access the source code on Github and modify it. The actual price of the device is unknown. However, you can apply for early access on the official website.
Jolt Wallet Ease of Use
We can expect Jolt to be a decentralized, sustainable, and secure next-generation digital wallet. Jolt wallet solves peer to peer transactions. It does this through an ultrafast, fee-less, and decentralized network that is open and accessible to everyone.
The device is designed to interface with other devices such as smartphone and computer. See a video demo of the wallet here.
For privacy-centered individuals, hardware wallets are a delight. Since the Jolt wallet is yet to be officially available, we do not know the extent to which it will provide privacy. However, it may likely tow the path of other hardware wallets.
Nano, the parent company of this wallet, is very secure. Nano protocol recently passed a third-party security audit from Red4Sec, a leading cybersecurity firm. It remained firm against penetration testing on their software and official representative servers. In addition, audits of their cryptography methods revealed no critical vulnerabilities.
Nano’s node V19, aka “Solidus” is heavyweight. It has key features such as Confirmation Height, Dynamic PoW, and live traffic support on TCP. This makes the Nano network more secure and more comfortable to integrate with than ever before. We can expect similar security with this wallet.
Where to buy Jolt Wallet?
This wallet will allow customers to integrate with Nano as a fast and scalable currency designed for payments. You can sign up on https://www.joltwallet.com/ to gain early access to the wallet.