Virtually all available wallets require a back-up of the wallet with a 24-word mnemonic seed. The user is asked to write down the 24 random words and then store them in a safe place to be used in the future in the event a wallet is lost and requires recovery. This is a flawed approach and constitutes a potential security breach.
Anyone who is in possession of these 24 words is in control of the funds stored in the wallet. Any time that you write down these words and store them somewhere there is exposure to risk.
No matter how secure the location or hiding place there is a possibility that someone can find the seed phrase and take over the funds stored in the wallet. There is also the possibility of fire, theft, water damage, decay and many other events that can trigger a total loss of funds stored in a wallet.
A truly secure cryptocurrency wallet allows the user to store an unlimited amount of funds without any risk or possibility of loss. And this is exactly what we do in the DigitalBank Hardware Wallet .
The Best Bitcoin and Crypto Wallet 2019 :
Blockpass and Infinito Wallet Launch Most Secure KYC-Enabled Security Token Wallet HONG KONG, 12 December 2018 — (ACN Newswire) — Blockpass and Infinito Wallet have announced the launch of the world’s most secure and convenient KYC-enabled security token wallet, providing regulatory compliance while putting traders in full control of their security tokens. The wallet is an integration of the Blockpass KYC Connect solution and the world leading universal wallet.As can be evidenced in a spate of recent partnerships and developments, Blockpass believes that the future of decentralised trade – and therefore the future of all trade – lies in the exchange of securities tokens. Infinito Wallet, in its desire to provide the most versatile and innovative cryptocurrency wallet, is committed to supporting securities tokens as the upcoming innovation to transform markets. Through their partnership, Blockpass and Infinito Wallet will bring easy access to securities tokens and other Blockchain services as they enter into mainstream adoption. Infinito Wallet is the world’s leading universal mobile wallet, a single safe place for all types of major coins and tokens. Currently it supports BTC, ETH, ADA, EOS, NEO, ONT, LTC, BCH, ETC, DASH, DOGE, along with GAS, ONG and all tokens built on ERC20, NEP-5 and EOS with more to come based on the roadmap. Users can register to easily manage tokens that require KYC Profile with Infinito Wallet, and even apply to enjoy other blockchain services. Currently, Infinito Wallet has been downloaded by more than 300,000 users globally and has received positive reviews from the blockchain community. It can serve not just as the most powerful, secure universal wallet service for leading coins and tokens, but also a crypto wallet that offers many free rewards to users worldwide. Infinito App Square is a built-in DApp marketplace where users have seamless access to a wide range of innovative DApps and blockchain services. Blockpass is a digital identity application and service that brings control back to the user.
Blockpass provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service. From the Blockpass application, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services or token purchase. “Today’s announcement with identity system leader Blockpass is another solid step in building our authority in the security token space and consolidating our position as leader in the cryptocurrency wallet ecosystem. Partnering with Blockpass will allow Infinito Wallet users to store, send, receive and utilize their security token,” said Jack Thang Nguyen, Project Director of Infinito Wallet. Adam Vaziri, CEO of Blockpass, said: “Security tokens continue to be the focus of discussions for the cryptocurrency and blockchain ecosystems and we are committed to improving access to this promising technological development. Our longstanding partners, Infinito Wallet, were perfectly suited to work with us to provide this regulatory compliant solution which will give users control in such a vital area.
We are excited to be at the forefront of the security token revolution.” Blockpass has announced a number of key collaborations recently, most notably with Edinburgh Napier University for the creation of the pioneering new blockchain research laboratory, the Blockpass Identity Lab. With five fully funded Studentships and led by Professor Bill Buchanan, the Blockpass Identity Lab will focus on the creation of world-leading knowledge and innovation around citizen-focused systems which enshrine the right to privacy. About Blockpass IDN The goal of Blockpass IDN ( http://www.blockpass.org/ ) is global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.
The DigitalBank Technology is solving urgent issues like : Hacking of Crypto Exchanges and Wallets , the loss of passwords , usernames and relative access keys to Bitcoin and Crypto accounts , and the Loss of Hardware Wallets and Paper wallets .
DigitalBank means Guaranteed Lifetime Account Access. DigitalBank is fully decentralized: No Institution , No Physical Address , No servers , No data storage :100% Paperless . 100% Nameless
DigitalBank is the safest Cryptocurrency “wallet “available: the only Real Safe Haven of Bitcoin and Crypto Investors with a full scale cryptocurrency exchange , for trading securely all major crytocurrencies
The DigitalBank is the real solution to millions of people seeking private secured and ultra confidential online banking .
The DigitalBank is the only real solution to cash Bitcoin riches .
With the DigitalBank technology your crypto money is safer than in any bank vault on earth .The private key is never stored on the device itself and is never transmitted anywhere so there is no risk that someone can obtain information through forced entry.
Even if your DigitalBank Vault Device, is seized or stolen, there is nothing that anyone can do to extract the private keys because they are not on the device in the first place. If the DigitalBank device is taken apart and forensically analyzed the private keys cannot be retrieved .