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Author Topic: 🔥Unikeys’ Cold Wallet Solution🔥  (Read 68 times)
Unikeys
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August 28, 2018, 05:49:34 AM
 #1

https://cdn-images-1.medium.com/max/1000/1*yReMFcsY4zbYQQOOp-hlKA.jpeg

Crypto investor Michael Terpin filed a USD224 million lawsuit against AT&T accusing the telecommunications giant of negligence that allegedly caused his account being hacked and lose roughly USD24 million worth of cryptocurrency tokens (at the time). Terpin says criminals accessed his mobile phone account by carrying out SIM swap fraud. They then stole the tokens and allegedly transferred his account to an international criminal gang. In this type of scam, criminals pose as the owners of their victims’ mobile phone numbers, convincing mobile carrier to grant them access to their mobile phones. This allows them to access the victim’s accounts including cryptocurrency wallets.

In the crypto space, cryptocurrency wallets that are directly connected to the internet are known as hot wallets’. In general, hot wallets provide quick and easy access to cryptocurrencies. Vast majority of the cryptocurrency owners are still using hot wallets, storing their assets directly on exchange platforms such as Coinbase and Binance, mobile phones or computers. The private key inside these wallets is exposed to the internet therefore making it more vulnerable to hackers and a slew of other nefarious methods of stealing sensitive information. As a result, these users’ assets are prone to extremely high risk of hacking and infiltration.

We know that leaving sensitive information online represent a security problem. Therefore, the best approach to safeguarding your assets is to stay away from the internet and store your private keys offline. Unikeys addresses this problem by providing a robust cold wallet solution — the UKey card, that doesn’t leave you expose to theft or hackers.

Cold Wallets In A Nutshell

Cold wallets do not connect to the internet, therefore provides greater security standard. The private keys inside the wallets are stored offline in which it cannot be hacked by anyone. To access the private keys, the card holder should authenticate themselves by placing his/her fingerprints to the biometric sensor embedded in the UKey card. The whole process is done offline which eliminates the risks of exposing sensitive information such as biometric data or personal information to potential hackers.

For a long term investment, protecting your assets using the UKey card is the safest route as they are stored offline. Many cryptocurrency owners had their assets stolen because they were not stored properly and securely, leaving them to be exposed to potential hackers. The UKey card was created specifically for the purpose to overcome the downfalls of hot wallets and reinforce the ownerships of cryptocurrency holders. Every time you execute a transaction, you will need the UKey card to sign the transaction by placing your fingerprint on the biometric sensor. This provides another layer of security because the private key is encrypted inside the card that is completely offline. Only the card holder has access to the assets, exponentially reducing the chance of hacking and theft.

For more technical details about the UKey card, please go to our previous blog https://medium.com/@Unikeys/why-the-ukey-card-is-safe-c2b70e3d15bb which gives you a glimpse of some of the most important features of the product.

Please don't forget to follow us on our social media channels! Smiley


▪️Official Site: https://www.unikeys.io
▪️Twitter: https://twitter.com/UnikeysTeam
▪️Facebook: https://www.facebook.com/UnikeysTeam
▪️Instagram: https://www.instagram.com/UnikeysTeam
▪️LinkedIn: https://www.linkedin.com/company/Unikeys/
▪️Medium: https://medium.com/@Unikeys
▪️Telegram: https://t.me/joinchat/FhdCtRJPbCX40kQ6YwEIBw


Thanks all!
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Entratish
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August 28, 2018, 06:26:13 AM
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Understood but on this wallets does not have any control of any authority Kiss
Unikeys
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August 28, 2018, 06:27:24 AM
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Understood but on this wallets does not have any control of any authority Kiss

You have full control of the card if you have registered the fingerprints to the card.
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August 28, 2018, 06:30:16 AM
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My concern is some times some error also happens in bank then complain to bank but for wallet where to complain and who will resolve the issue??
Unikeys
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August 28, 2018, 06:34:17 AM
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My concern is some times some error also happens in bank then complain to bank but for wallet where to complain and who will resolve the issue??

Errors should not be happening because it is an offline wallet that is used only for the purpose of signing the transaction. Unless you have broken the sensor (you can replace one easily) or else I don't see there would be problems with it. We have a team of professionals to support clients when they encounter any problems therefore you can always reach out to our team, if needed.
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August 28, 2018, 06:39:28 AM
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How much you charge?? PM me
Unikeys
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August 28, 2018, 06:45:31 AM
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How much you charge?? PM me

Charge for...?
hugeblack
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August 28, 2018, 08:00:27 PM
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Terpin says criminals accessed his mobile phone account by carrying out SIM swap fraud.
As far as I know, most of the wallets "except blockchain.info" and trading platforms do not use SMS verification as a way to recover accounts there are many other ways as 2FA, the second password, and OTP.

Cold wallets do not connect to the internet, therefore provides greater security standard. The private keys inside the wallets are stored offline in which it cannot be hacked by anyone.
Your product offers a unique solution to this problem but still need to keep my wallet seed in a safe place. Are there any plans to enhance seeds security?
For example, I have a wallet ID "that drives my seed," and then the password is encrypted in my fingerprints so that anyone can know my wallet ID either password is my finger "can use any UKey card to recover it."

Can I use more than one account "in one card"? Read the code? The technical information available is scarce.

Unikeys
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August 29, 2018, 01:44:41 AM
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Terpin says criminals accessed his mobile phone account by carrying out SIM swap fraud.
As far as I know, most of the wallets "except blockchain.info" and trading platforms do not use SMS verification as a way to recover accounts there are many other ways as 2FA, the second password, and OTP.

Cold wallets do not connect to the internet, therefore provides greater security standard. The private keys inside the wallets are stored offline in which it cannot be hacked by anyone.
Your product offers a unique solution to this problem but still need to keep my wallet seed in a safe place. Are there any plans to enhance seeds security?
For example, I have a wallet ID "that drives my seed," and then the password is encrypted in my fingerprints so that anyone can know my wallet ID either password is my finger "can use any UKey card to recover it."

Can I use more than one account "in one card"? Read the code? The technical information available is scarce.


We are indeed working on how we could enhance seeds security to the next level. Hopefully we can bring this out in the near future but right now everything is still in the development stage.

To answer your second question, yes you can use more than one account in one card. We will soon publish the tech paper so you will have more details on the technical aspect of the card.
Unikeys
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August 29, 2018, 02:03:47 AM
 #10

Please may I ask those who are interested in our product to follow our social media channels. We really hope to make a difference in the crypto space and want more people to know about us:


▪️Official Site: https://www.unikeys.io
▪️Twitter: https://twitter.com/UnikeysTeam
▪️Facebook: https://www.facebook.com/UnikeysTeam
▪️Instagram: https://www.instagram.com/UnikeysTeam
▪️LinkedIn: https://www.linkedin.com/company/Unikeys/
▪️Medium: https://medium.com/@Unikeys
▪️Telegram: https://t.me/joinchat/FhdCtRJPbCX40kQ6YwEIBw


Thanks all!
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