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The DigitalBank Crypto Storage Revolution
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.
The DigitalBank Device , allows the user to store an unlimited amount of funds without any risk or possibility of loss.
The DigitalBank users will enjoy the highest level of security knowing that their funds are stored without any potential security flaws. While these situations are rare; if you are a victim of theft, fire, or some other emergency your funds are always secure without any possibility of loss. No matter what happens, your entire net worth is safely stored .
Conventional hardware wallets store the private key (and this is what controls all the funds in your wallet) on a device outside the computer. The device is then connected to a computer with a cable so that the device can approve transactions without the private key entering the computer environment where it can be stolen by hackers or malware. While this is an improvement over digital wallets that store the private key on your computer or smart phone, the private key is nevertheless stored on the device. This creates yet another security breach that leaves your crypto assets vulnerable. If your device is stolen or seized, it is possible for an attacker to obtain your private key with forced entry using sophisticated tools available in modern labs.
The best solution is to not store the private key anywhere in the first place. On the DigitalBank Device, the private key does not exist . Therefore if your device is stolen or seized, there is no way to gain access to the private key because it is not on the device and your funds always remain safe and there is absolutely no reason for alarm or concern if your device is lost of stolen.
Instead of having to access individual folders for each currency, you can view all currencies and control all your digital assets in a single dashboard. This is a natural and intuitive way to interact with your money and to keep track of how much you have. If you have used a hardware wallet before, you probably felt the frustration of viewing your Bitcoin balances but then having to close the wallet because you need to access your Litecoin balance and then having to open a dozen different application and individual wallets to know what your totals are.
Other than offering high security and ease of use, managing your money should be efficient and productive. With the DigitalBank Account , you can view all of your balances at a glance and quickly switch from one cryptocurrency to another whether for personal or business use. The intuitive interface allows you to interact with all of your assets in a simple and convenient manner, much like when using an ATM machine or when you log into your bank account, everything is clear and easy to navigate.