What are the advantages of Bitcoin ? What is the most popular Cryptocurrency wallet?
There is a saying in the crypto world : if you don’t hold your private key, someone else does.
This has certainly been the case cryptocurrency exchanges, where millions of user funds have been stolen in recent months. And even wallets where users control their own keys have been hacked, again with millions in crypto being stolen.
Instead of generating and storing a private key, the DigitalBank Vault Device, uses a different system . Any kind of ” Keys ” never leaves its device (so can’t be intercepted). The Private Key is actually never stored on the device from the first place ,it is cut in the 3 pieces encrypted within your own biometric data .
This means that each transaction is trustlessly verified without exposing any sensitive information about the users involved.
The result is a near to unhackable device and that is a huge step up in crypto security.
DigitalBank is bringing back the glory of the private and secured banking to the public .
As cyber security experts say : nothing is unhackable? We totally agree , but the DigitalBank Device , comes so close and makes accessing user data almost impossible .
There is a little chance of outside attack since the user never has to download or install anything at all to use the DigitalBank Vault Device.