Protective measures offered by Coldwallet safeguard assets from digital currency pilferage
In the ever-evolving world of cryptocurrencies, securing digital assets has become a paramount concern for many users. To address this need, YOUNIQX Identity AG, an Austrian high-security company specializing in secure identities, has developed a groundbreaking cold wallet solution called Chainlock.
Chainlock offers a secure cold wallet solution for cryptocurrencies through a forgery-proof card embedded with advanced security features, similar to those found in official IDs such as passports or driver's licenses. The wallet is designed to provide long-term, secure offline storage of private keys, reducing the risks associated with online vulnerabilities such as hacking, smartphone loss, password breaches, or hard drive failures.
The card's design combines the security advantages of offline storage with intelligent linkage to online ecosystems, aiming to create the safest method to store cryptocurrencies by bridging the on- and offline worlds. Moreover, the Chainlock wallet is tamper-proof, with a security seal protecting against unauthorized reading, and is available in a credit card format for convenience. It is also waterproof and heat-resistant, ensuring the safety of your digital assets in various environments.
One of the key benefits of Chainlock is the integration of physical security elements on a smart card to protect cryptocurrency private keys, creating a highly tamper-resistant cold wallet. This approach addresses major risks for cryptocurrency holders by securing private keys offline in a highly secure physical form rather than relying solely on digital wallets vulnerable to cyberattacks.
Besides cryptocurrency protection, the card is intended for broader blockchain applications, potentially expanding its utility beyond cold wallets.
The Chainlock wallet is 100% offline, ruling out unauthorized reading via the internet, WLAN, NFC, cryptolocker, scammers, and other potential threats. The wallet generates keys in a high-security area, ensuring no employee can access them.
Chainlock is available in Central Europe through various partners such as Tokenize Exchange Singapore and Coinfinity. For more information about Chainlock, you can contact Uwe Trummer at [email protected] or +43 664 88957242.
It's worth noting that YOUNIQX Identity AG also offers MICK, a highly secure video-ident service, and MIA, a system for integrated identity management. The company's portfolio was expanded in 2018 with solutions for secure digital identities, making it a well-equipped company for the digital future.
Recent reports have highlighted the increasing risk of cryptocurrency theft, with a total of $1.2 billion USD in cryptocurrency theft between January and March 2019 reported by a U.S. cybersecurity firm, Ciphertrace. With Chainlock, users can rest assured that their digital assets are secure and protected against such threats.
[1] Source: [chainlock.com/en/news](http://chainlock.com/en/news)
- The Chainlock wallet, a secure cold storage solution for cryptocurrencies, is developed by YOUNIQX Identity AG, a high-security company specializing in identities, using technology that employs advanced security features like those found in official IDs.
- In the blockchain sector, the utility of the Chainlock wallet extends beyond cryptocurrency protection, as it is also intended for broader applications, thanks to its integration of physical security elements on a smart card.
