Problems that the DigitalBank Technology is solving :
1) Stop Hacking of Crypto Exchanges and Wallets .
2 ) Stop the loss of passwords , usernames and access keys to Bitcoin and Crypto accounts
3) Stop the Loss of Hardware Wallets and Paper wallets
4 ) Cryptocurrency custodianship for Institutional Investors , hedge funds and pensions, banks and investment firms
There are dozens of ‘hardware wallets ‘ none of them is fully secured , because they actually store the private key inside their device , so that they can be hacked and the private key extracted .
The moment the hacker get the private key of your wallet , he can get the funds on the blockchain .
In addition all hardware wallets and online wallets involves a third party , it means the company that runs the hardware wallet holds backups of your private key , and as long as a third party has access to your private key , you are not safe , because your private key is found also in their hands and basically they can take hold of your crypto funds .
With the DigitalBank Device , there is no third party involved , because we never store or know your private key , at any given time .
In the DigitalBank Device , the private key is not stored inside the device . There is nothing to hack actually .
The device does not store and has no way to store private keys, therefore an hacking attack is totally impossible.
This is not only a super secured hardware wallet just for crypto storage , but it includes also a full financial crypto managing platform , that let you buy, sell, trade , invest and transform in cash your cryptocurrency holdings