Vault12 - Distributed Password Wallet
- This article is translated from Korean into English, so it may be unnatural.
- This article was created by ICO listing site ICOteg.com
The public chain, which will be sold as a product in any form, will have the assets of the coin, whether it is a corporation or a consumer, because the token economy exists. In addition, the most popular storage medium is the exchange or personal wallet. Vault12 is a project under development that is aimed at fundamental asset safeguards by completely replacing existing security concepts.
- Currently, the Wallet system has access to the token address if anyone has a private key or key file. If you save this information on your laptop or mobile and lose your machine, you will lose the money if you do not have a backup. Of course, you have to be careful about backups and life, but Vault12 does not do this forcibly because it is hard for individuals to cope with unpredictable situations. In a nutshell, if you divide and store data that is accessible to your wallet through multi-devices or people around you, you can access your wallet again, even if you lose one key at a moment, and hackers will have a much stronger system of security .
The members who will own the partitioned key here are called 'Guardian' storage devices 'MIST', where the VGT token has an economy that is paid for the storage fee.
In addition, the safe is provided as a smartphone and tablet PC / desktop client.
It's easy to say that a number of guardians anywhere in the world have split Wallet information and build applications on machines they use to build a MIST communications network that completes the Vault12 ecosystem.
In fact, it is not uncommon for individuals to protect their assets like this, but as the share of encryption assets increases and hackers' skills become more sophisticated, the need for and demand for more powerful tools like Bolt seems obvious.
Inverstors
- The seed round of Vault12 was joined by Facebook's Cameron & Winks Boss Capital, and Naval Ravikant, who is a prominent crypto-market investor, and Collaborative Fund / Data Collective, which focuses on Korea's hash / IT start-up, and Jon Callaghan There is.
It's not a popular high performance platform these days, but market ideas with product ideas, feasibility & few competitors are likely to give a good enough score. I think that the lineup of gorgeous inners seems to be the reason for that.
http://icoteg.com/vault12/