SourceIn the new world of cryptocurrencies there is a constant movement and monetary transactions of many users in the different existing platforms, this draws much attention from those who usually get things easily, those hackers who steal information from many users, keys and cryptocurrencies.
The burden of protecting the purses of these systems falls directly on the investors, they use complicated, obsolete and inefficient security systems to protect the passwords and information of the users.
"If we take into account the 4 billion records filtered in the last two years, with the consequent impact for email providers, banks and credit card accounts, and that in the same period of time more than 1200 have been stolen million USD in cryptocurrencies, it is clear that the traditional digital asset storage sector is affected "Source
SourceWe can see that we have a big problem because the systems available to these investors are vulnerable systems where their information can be easily stolen as well as much of the information found on the internet. Here a new system called Goldilock comes into action.
WHAT IS GOLDILOCK?
Source
Goldilock is a new cold storage system that allows us to store our private information and data that we need to enter to access our wallets. This system gives greater security because much of it does not depend on being connected to the Internet because it works through a physical "air gap" mechanism. Goldilock combines the best of the cold storage system and the hot storage system.
WHAT ARE THE BENEFITS OF COMBINING THE BEST OF COLD AND HOT STORAGE?
For this, we must know what these types of storage consist of.
- Cold Storage: It is a type of storage that does not depend on being online or connected to the Internet, this is normally observed in our physical devices as a hard disk (Hardware).
Source- Hot Storage: It is a type of storage that is online, where we store all our information by connecting to the Internet, it is easily accessible because we get it anywhere we can connect to the internet, this type of storage is used often in these areas (Software).
^* SourceGOLDILOCK offers us the best of these 2, since it works through a physical "air gap" mechanism, it has physical cameras and other devices in the data center that institutions can rent to have direct control over their servers and activate them. remote way. It offers the security of the cold storage system and allows us to connect with a mechanism without IP, the user activates his wallet to be accessible through the Internet as in hot storage. The user can securely access their wallet through an encrypted connection with a URL destined for this and access credentials.
"When a user needs access to their private data, the physical device that stores their information is connected to the Internet and the user is granted limited time access through non-IP technology with secure authentication layers."Source
Source
WHAT APPLICATIONS DOES GOLDILOCK OFFER?
Goldilock offers the great opportunity to create the following applications
- Goldilock purse for cryptocurrencies: The team will develop a purse that will work first to store in NEO, GAS and NEP-5 tokens. In this purse transactions can be made safely and will make NEO the safest crypto market, we can see the effectiveness of this system that started with these coins but then the other platforms can adopt.
source"Goldilock purse for cryptocurrencies: Goldilock's central development team will develop Goldilock's purse with the initial objective of storing NEO, GAS and NEP-5 tokens and of transacting with these cryptoactives, which will convert NEO into cryptocurrency safest in the market. The Goldilock wallet will run in a web browser authenticated through SSL."
"Other functions will be the following:
"- The keys of each wallet will be in a unique hardware wallet device, segmented and encrypted disconnected from the Internet."
"- The wallet will connect through a command without IP and a PIN or voice verification through the switched telephone network (PSTN) without IP."
"- After closing the wallet, the single hardware wallet device will be disconnected from the Internet."
"- Each wallet will have an exclusive personal URL assigned to it. - Each signed transaction will require authentication in two phases. "Source
- Goldilock API services: After creating the monomer for cryptocurrencies, the team will perform this service so that institutions and platforms that already use purses can adopt this improvement of the surplus, thus facilitating the work to them.
Source
"Goldilock API Services: The Goldilock core development team will develop the Goldilock API services after the Goldilock wallet. The main objective of API services will be to allow institutions that already have purse solutions to use our patent pending solution with their solutions that require improved security. Goldilock's API services will be executed on-site, in Goldilock's housing facilities and in the cloud. These services will make it easier for companies and associates to create applications focused on privacy and based on consent. The APIs can be integrated into decentralized applications or independent applications. Thanks to its architecture, after the initial implementation of the wallet for users focused on NEO, Goldilock will be able to serve other important cryptocurrencies in a matter of weeks. "Source
WHAT IS THE SAFETY BENEFIT?
SourceAs we have already been talking, there is a big problem regarding the security of our information when it is online because every day we can see that hackers are increasing. By using this technology, our security increases. WITH THE USE OF "AIRGAP" TECHNOLOGY, we avoid being online or connected to the Internet and, therefore, away from these hackers.
HOW CAN BANKS, INSURANCE COMPANIES AND OTHER INSTITUTIONS BENEFIT FROM THE INTEGRATION OF GOLDILOCK TECHNOLOGY WITH ITS EXISTING SYSTEMS?
I think this again mention the security that this system offers by combining the best of cold storage and hot storage, a big benefit that we can see is that investors can be even calmer because the responsibility for security will not be directly from they. We know that the burden of the protection of the purses is on the shoulders of each investor, but with Goldilock this will change by its way of functioning and even open the doors for those who have not wanted to invest in cryptocurrencies because of the low security. Many institutions added to the use of these coins and this system.
source"In the wild West of cryptocurrencies, the burden of protecting purses falls directly on the shoulders of each investor. Passwords and private keys are usually protected with complicated, obsolete and inefficient security measures. In fact, the custody of keys is one of the main reasons why many institutions have been slow to adopt the investment in cryptocurrencies. Although blockchain technology is designed to be inherently more secure than traditional record technology, the reality is that cryptocurrencies have the same attack vectors as other digital assets. Goldilock revolutionizes the way data is stored on the Internet by building an ecosystem that protects cryptocurrencies and digital assets of people and institutions. Goldilock Security Suite, with an operating platform launched in the second quarter of 2018 that offers remote physical disconnection of Internet data, takes advantage of multi-factor authentication, biometrics, backward-technology triggers and cryptography to free investors from the burden to protect the purses, because our physically segregated platform is responsible for that. "Source
This is a technology that can be adopted by different institutions such as banks, insurance, among others.
SourceIn conclusion We know that cold storage needs a lot of care because it can be damaged, broken or lost and in cold storage we can be victims of those who steal information, with this systems we can enjoy the best of both. We count on the team taking care of the physical equipment and we do not run the risk of our information being stolen online because it only connects if necessary and for a limited time, Goldilock will drastically change the world, we will have greater security and ease for store our data and purses.
This contest is sponsored by @originalworks if you want more information here on the Link of the publication.
Más información y recursos:
Goldilock Website
Goldilock WhitePaper
Goldilock Tokenomics
Goldilock Telegram
Goldilock Discord
Goldilock Linkedin
Goldilock Facebook
Goldilock Twitter
Goldilock Reddit
Goldilock Github
goldilocktwitter
goldilock2018
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!