PALLET X, an advanced digital asset wallet was today released by Penta Security Systems Incorporated, which provides security solutions for blockchain, Internet of Things (IoT) and data to crypto trading services providers.
The new wallet is designed as a crypto exchange medium, and a payment system, while still ensuring maximum security, and seamless usage.
The Crypto Wallet, PALLET X, developed by the leading IT security providers in Korea with over two decades of experience comes as a server like hardware device, which has the capability of hot storage, and can also be reintegrated to a cold wallet storage as required.
The PALLET X Waller
The wallet users require multiple signatures to authorize transactions, this distributes access control which is key to maximizing the systems efficiency and securely managing the crypto assets from unauthorized users.
Additionl Protection Features
- A Cryptographic module that is Trademarked in accordance with BIP-32/39/44 regulations for third-party cryptocurrency exchange.
- A Protected and Secure wallet management and generation environment as it uses Hardware Security Module
- A biometric authorization system
- The use of “Shamirs Secret Sharing” protocols towards Improved privacy and security of login recovery.
Other PALLET Products
The addition of an IoT based blockchain chip, hardware and mobile wallets, and a card-like wallet, are also announced to be new accompanying features of PALLET X.
With all these functioning in harmony, transactions are fluid and secure, while still maintaining transaction efficiency and availability of liquid assets.
The Penta Crypto Wallet Framework, which possesses a unique algorithm, and leading institutional grade and an impenetrable transaction protocol, is the technical foundation of all PALLET products.
Currently in the works is a solution for finance institutions which would eliminate custody hitches. DS Kim, Penta’s Chief Strategy officer said:
“With global IT giants accelerating blockchain adoption, we expect growing demand for enterprise-ready security solutions. As a recognized leader in encryption and as Asia’s top cybersecurity vendor, we embrace this momentum by launching our wallet security platform that stands out for providing total security across operational environments, from client to server.”