Polkadot Vault, formerly known as Parity Signer, has recently undergone a rebranding. The Polkadot Vault app is now available on iOS and Android devices.
Polkadot Vault is designed to provide users, including developers and power users, with a secure method for storing and managing their digital assets. By utilizing an air-gapped cold storage approach, Polkadot Vault ensures that private keys are not stored on devices with internet connectivity, reducing the risk of unauthorized access or hacking attempts.
Unlike traditional wallets, Polkadot Vault does not support direct fund transfers. Instead, it serves as a key-chain tool that enables users to create, manage, and restore accounts securely. By generating and storing mnemonic seed phrases, users can have full control over their accounts and easily recover them if needed.
Vault vs. Ledger: A Comparison
Polkadot Vault and Ledger are both cold storage solutions that prioritize security and offline key storage. However, there are some notable differences between the two. The choice between Polkadot Vault and Ledger depends on the user’s specific requirements.