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The public-private key concept is a 10-years old legacy that could not be the fitting solution in the era when investments in crypto assets reach billions, and the community and use cases see widespread adoption.
Both masses and businesses are not ready for the level of responsibility and tech knowledge required to operate with private keys. That is why they store their assets on exchanges or with centralized custody services, which are collecting more and more crypto assets in their hands. We need a solution to distribute responsibility between users and services, before the control over all bitcoins will be concentrated in a few hands just like in traditional money.
All the existing software and hardware solutions work on the same principle. They build high walls around a single vulnerable element – the private key. This architecture crashes at the same moment when the private key is compromised. You already know many examples how such systems meet a failure...
The public-private key concept is a 10-years old legacy that could not be the fitting solution in the era when investments in crypto assets reach billions, and the community and use cases see widespread adoption.
Both masses and businesses are not ready for the level of responsibility and tech knowledge required to operate with private keys. That is why they store their assets on exchanges or with centralized custody services, which are collecting more and more crypto assets in their hands. We need a solution to distribute responsibility between users and services, before the control over all bitcoins will be concentrated in a few hands just like in traditional money.
All the existing software and hardware solutions work on the same principle. They build high walls around a single vulnerable element – the private key. This architecture crashes at the same moment when the private key is compromised. You already know many examples how such systems meet a failure...
Even the most complicated modern systems have weak points. Do you remember how they destroyed the huge Death Star via the small thermal exhaust port? Private Key is an exhaust port of the most secure modern wallets. Don’t repeat Darth Vader’s mistake — don’t leave even a little chance to be hacked. Don’t use wallets with Private Key.
Existing security systems are based on vulnerable ‘One Ring’ — Private Key. Your stronghold can be ultra-secure with high walls and huge army. However, all this security does not matter since whoever owns the ‘One Ring’ can destroy the whole system. And whoever owns your Private Key can destroy your assests. Don’t use wallets with Private Key.
Are you going to take over the world? You overthink everything: your comrades
are strong, good weaponed and immortal. But you have already lost since your
success depends on the
Private Key
Night King. The one who gets the Night King,
will annihilate your army. The one who gets the Private Key, will annihilate all
your security measures. Don’t use wallets with Private Key.
Even the most complicated modern systems have weak points. Do you remember how they destroyed the huge Death Star via the small thermal exhaust port? Private Key is an exhaust port of the most secure modern wallets. Don’t repeat Darth Vader’s mistake — don’t leave even a little chance to be hacked. Don’t use wallets with Private Key.
Existing security systems are based on vulnerable «One Ring» — Private Key. Your stronghold can be ultra-secure with high walls and huge army. However, all this security does not matter since whoever owns the ‘One Ring’ can destroy the whole system. And whoever owns your Private Key can destroy your assests. Don’t use wallets with Private Key.
Are you going to take over the world? You overthink everything: your comrades
are strong, good weaponed and immortal. But you have already lost since your
success depends on the
Private Key
Night King. The one who gets the Night
King,
will annihilate your army. The one who gets the Private Key, will annihilate all
your security measures. Don’t use wallets with Private Key.
Burn Paper Backup.
Decentralize your security.