The DEEX cryptocurrency ecosystem reveals its advantages. Two-factor authentification (2FA) and passwords/accounts recovery.
How often you can find messages about the lost passwords to cherished cryptowallets or forgotten accounts! The Internet is full of news connected with such topics and each of them is brighter, more interesting, funnier and more tragic in its own way.
Have you heard the recent story of the person trying to restore forgotten password with a hypnosis sessions! ;) Some wits with an excellent sense of humor have already offered to enter a new position - a staff hypnotist for the most forgetful participants of the cryptocommunity! ;)
Joking shucks, but such stories are quite serious consequnces ... It's o'k when person forgot the password and lose not more than a several satoshis.. it's not a tragedy. And what about those who lost the last savings? There is clearly no fun at all. The strict blockchain does not forgive mistakes. If you forgot - you lost .
It all brings us to the old problem - security versus convenience (the higher one, the lower the level of the other). If you made an easily remembered password - you have all the chances to become a victim of scammers, if you came up with a long and complicated one, then you risk to loose all your money.
Is there an exit? Is the human factor and modern blockchain technology poorly compatible? But it is not all that bad. There is a way and programmers of the DEEX team. The solution is the functional of two-factor authentication (2FA) and password recovery for accounts. This functionality will be fully implemented in further transfering of the DEEX ecosystem to its own blockchain based on Graphene.
This solution has a special ambiguity. On the one hand it improves security, and on the other hand it allows you to restore access to forgotten accounts (in other words - it increases the level of convenience).
Two-factor authentication (2FA) is an additional protection feature, through which one of the most reliable methods of authenticating a user is implemented. Its mechanism is simple. After entering the login and password on the user's mobile device a code message comes in which must be entered to complete the login procedure. Without this code message knowing your username and password will not be enough to sign in to your account. The code message will be a set of ordinary digits that will be received in the SMS message format or as a message to a special secure messenger (integrated with DEEX). In the absence of mobile communication, the user will be able to use a special generator of unique pin codes which will be generated by the DEEX messenger.
Two-factor authentication will not be mandatory and can be discarded. But from a security vision we strongly recommend to use it. Because it takes quite a bit of extra time to log into your account, it guarantees almost 100% protection of your funds.
DEEX functionality will provide the creation of different models of accounts and the user can independently decide which level of reliability to choose.
Restoring the account's passwords is also a new feature, embedded into the Graphene blockchain architecture. Currently, there is no DEX-exchanges provide such function. A similar practical solution was implemented only by blockchain blogging projects - Steemit.com and Golos.io.
With the password recovery feature, DEEX customers will never lose their money. The recovery procedure will represent a special system of user verification to exclude any attempts to impersonate owners of non-owned accounts. As the practical experience shows, the reliability of this system tends to 100% effectiveness.
This function is fully voluntary and if DEEX customers do not like this practice due to personal reasons or preferences they will be able to choose an account registration procedure that excludes this possibility, but DEEX strongly recommends it to be used to exclude accidental losses of your funds.
Do not forget that now we conduct the presale of the DEEX tokens and you can become the part of decentralized future with 25% discount.
More detailed information about the DEEX project can be found by the following links:
https://www.facebook.com/groups/deex.exchange/
https://www.instagram.com/the_deex/
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STOPYou can never solve a problem on the level on which it was created.
- Albert Einstein
nice point
but what do you currently mean in relation to this project?