Atomic Wallet Security

What is Atomic Wallet?
Atomic Wallet was designed to leverage the potential of atomic swaps and become part of a fully-fledged decentralized cryptocurrency ecosystem.




The “physical” wallet itself is a PC application that can be downloaded onto your computer. Your private keys and other data will then be stored on your PC in an encrypted form.


This application then interacts with the blockchains of supported coins. For example, if you check your transaction history in the program, it looks it up on the blockchain and then shows it to you, rather than storing this potentially sensitive information somewhere.


Those who want to get the most out of it can use the Atomic Wallet Coin (AWC) token to perform features such as rising higher in the atomic swap queue or pay listing fees to get your own token supported by the wallet.


It aims for a blend of simplicity and power. It’s intended to be simple enough for anyone to use, even without any kind of technical experience, while also being packed with a range of accessible features, including the ability to add custom ERC20 tokens and trade coins peer-to-peer directly through the wallet by utilizing a global decentralized order book.

Nowadays, resolving security issues has become Priority #1 in the crypto industry.


It won’t hurt to recall the cases of massive hacker attacks on centralized exchanges that made users lost huge amounts of funds due to security breaches. If it’s pretty clear with centralized services, then what about cryptocurrency wallets?


The hype around crypto has activated scammers and frauds looking for quick and easy methods to take advantage of credulous users' funds.


Custody risks related to the centralized crypto services have made people to find robust means to securely store their funds, and the means are to be invulnerable to hacker attacks.


Centralized crypto exchanges put the limits:

• Most of the crypto exchanges are centralized and prone to hacking.
  
  
• They are also frequently exposed to DDoS-attacks.
  
  
• Sometimes you can’t get instant access to your funds due to the technical issues or overload maintenance.
  
  
  These risks endanger the safety of your funds, may cause inconvenience, or give you a sense of insecurity.
  
  
  The best way to keep your crypto safe is to use non-custodial wallets!

Private password

The first stage of Atomic security is password. User create it by himself, the password is required to confirm transactions, to view the list of your private keys and it serves as the primary protection against unauthorized use of the wallet by another person. But what if you’ve lost your password? Well, here comes the second security stage in the Atomic Wallet Security system — the 12-word Backup Phrase.

)

Encryption

In Atomic Wallet, all data stored on the user device or sent when interacting with blockchains is fully encrypted. Local data secured with AES symmetric encryption algorithm and the data which is transferred via BitTorrent protocol or interacting with blockchains is secured with TLS asymmetric encryption.

Advanced Encryption Standard (AES) is a symmetric block cypher chosen by the U.S. government to protect classified information and is implemented in software and hardware throughout the world to encrypt sensitive data.

Transport Layer Security (TLS) is a protocol that provides privacy and data integrity between two communicating applications. It’s the most widely deployed security protocol used today and is used for Web browsers and other applications that require data to be securely exchanged over a network, such as file transfers, VPN connections, instant messaging and voice over IP.

Conclusion

Your safety is fully in your hands. We do not store any data on any servers, we do not store private keys and we do not have access to them. Therefore, it is the users themselves who are responsible for maintaining their password and backup phrase.

Download Atomic Wallet: https://atomicwallet.io/downloads




Stay tuned and follow us on:




Facebook — https://facebook.com/atomicwallet


Twitter — https://twitter.com/atomicwallet


Join our Telegram chat: https://t.me/atomicwalletchat