Why private keys need – and now have! – failure-proof security
Cryptocurrency exchanges and wallets are constantly attacked by hackers. If a private key is stored online or also known to individuals other than the user, security risks arise. The private key stored on the new Chainlock card of the Austrian State Printing House (OeSD) has no such weak spots. It was developed in cooperation with Coinfinity based on its secure entropy technology and ranks among the most secure private keys in the world:
The key pair is generated in a high-quality procedure, for which a patent application has been filed: not a single person can ever see this private key.
Key verification is carried out by a machine without human input.
The private key is stored offline and at no point available online.
It is known to the user only.
High-security materials used in the production of the Chainlock card minimize the security risk.
Posted from my blog with SteemPress : https://cashaeon.com/chainlock-the-missing-feature-of-the-blockchain-technology/
Chainlock - The missing feature of the blockchain technology | Ecency
