May 29, 2018
The idea of a blockchain, the cryptographically enhanced digital ledger that underpins Bitcoin and most cryptocurrencies, is now being used to describe and transform almost everything. With the advent of blockchain, people now can receive, trade and store units of value with greater ease, transparency and security, and without the need to trust centralized authorities like banks. Infinito Wallet, the world’s first blockchain-powered multi-coin wallet for safe keeping of cryptocurrencies, provides users with numerous ways to ensure that their digital assets are protected and secure. Below are some of the ways that Infinito Wallet can protect your cryptocurrency!
Infinito Wallet, the first-ever universal wallet that supports a wide range of leading transactional cryptocurrencies as well as the majority of ETH and NEO tokens, views security as absolutely critical. Since the wallet application stays on one’s phone, it is crucial to make sure that the assets remain secure regardless of whether that phone were to be lost, stolen or obliterated. The first line of defense, accordingly, is the password system that users must input to login to their app before proceeding further. The use of passwords is commonplace in almost everything, and hence easy to recall while at the same time remaining impossible for an outsider to take advantage of the record if they, at one way or another, get their hands on one’s telephone.
Ideally, users would recollect their passwords without ever needing to write them down or share them with someone else. That, however isn’t sensible, and there are certain circumstances where another person may pick up the password and gain access to one’s wallet without authorization from the owner. With this regard, Infinito Wallet brings forth a feature that requires fingerprint identification to open the wallet app. The advanced innovation guarantees that even if the password has been traded off, the wallet owner still remains unique when it comes to making essential decisions about the destination and storing of funds. Fingerprint identification helps the wallet protect your cryptocurrency well beyond the line of simple password protection.
Each digital currency wallet has a solitary, exceptional private key allotted to it. The series of numbers and letters is the address used to receive or send funds on the blockchain. As such, every cryptocurrency stored in Infinito Wallet has a particular private key assigned to it. Given the interest and value of cryptocurrencies, keeping this key safe is of the absolute significance. Users are urged to have their key written down in some safe places and not to share it through email or other unsecured platforms. Above and beyond, Infinito Wallet monitors the private key with in-app encryption mechanism utilizing the password given by user. However, the wallet doesn’t store the user’s password. When a new wallet is created, Infinito Wallet requests the user to provide the password again so that the app can use it to encrypt all private keys of wall address before storing them in user’s local phone.
Thanks to these encryption efforts, Infinito Wallet is able to protect users against advanced fishing, hacking and pilfering endeavors which nefarious individuals may use to access the key. Infinito Wallet takes all steps available to protect your cryptocurrency!
Infinito Wallet comprehends the significance of keeping your cryptocurrencies safe and secure. In this way, Infinito Wallet brings forth three outstanding features including password protection, fingerprint identification and strong private key encryption, reassuring that all assets stored in the wallet are as protected from hackers as possible. This high level of security, therefore, enables users to unleash full potential of cryptocurrency sending, storing and receiving, as well as the power of blockchain as a whole.
Infinito Wallet (https://www.infinitowallet.io/) is a multi-asset universal wallet, which offers not only an extending list of leading transactional cryptocurrencies such as Bitcoin, Bitcoin Cash, Lite Coin, and Dash but also enables access to all tokens built on leading smart contract blockchains as ETH ERC20, NEO NEP5, and more on Infinito Wallet roadmap. It is also the most complete wallet thanks to its support for an expansive list of top coins and the majority of all available tokens. Moreover, Infinito Wallet is not only a leading universal wallet but also a single gateway to access utmost benefits of cryptocurrencies and values of decentralized applications.
Infinity Blockchain Labs (IBL) is a visionary R&D company engaged in intermediary and RegTech services employing blockchain technology. We focus on forming alliances with established businesses and regulatory institutions across various industries, as well as providing collaborative incubation for early stage blockchain projects.
IBL aspires to empower Vietnam to become a global leader in blockchain development and therefore are committed to sharing information to nurture a passionate, educated blockchain community. One of the ways we maintain our role as ecosystem pioneer is by helping create educated blockchain enthusiasts. We are committed to sharing information and resources to help Vietnam become a blockchain hub through conferences, courses, contests, alliances, workshops, speaking engagements and incubations. Keep up with our activities in blockchain development through our website and social media channels:
LinkedIn: Infinity Blockchain Labs