DieFi mitigates the danger of misplaced digital belongings coursed by reminiscence loss, emergency, or loss of life.
Gibraltar – September 29, 2022
FortKnoxster, a number one cybersecurity firm within the crypto house, launched its DieFi answer on Token2049 in Singapore. DieFi is developed to keep away from misplaced digital belongings, a Trillion-dollar drawback within the business. In accordance with Chainalysis, over 20% of all crypto is inaccessible resulting from reminiscence loss, errors, or loss of life.
Binance founder Changpeng Zhao (CZ) not too long ago addressed this drawback as “the toughest drawback in crypto which has not been solved.”
DieFi solves this drawback, paving the trail to Web3 mass adoption. The Diefi platform allows customers to register their crypto info in a trustless end-to-end encrypted atmosphere primarily based on the zero-knowledge precept. FortKnoxster, nor anyone else, can entry any information saved, subsequently it might solely be accessed by holding the precise non-public keys to the DieFi platform.
DieFi allows customers to assign beneficiaries to particular crypto belongings, ie. ledgers, wallets, NFTs, nodes, and so on. DieFi additionally comes with E2E encrypted file storage the place confidential paperwork, notes, and so on. could be saved safely.
In case of an emergency, a so-called Lifeless Man’s Change is triggered. Hereafter, DieFi will mechanically attain out to the assigned beneficiaries, who will endure a complete real-time ID verification, together with face scans and several other safety checks. If the verification course of is handed, the beneficiary will likely be handed over the DieFi non-public keys and may hereafter log into the benefactor DieFi platform.
As soon as logged in, the beneficiary can entry all registered info and act accordingly. A number of beneficiaries could be assigned to particular belongings or devoted file folders.
Moreover, customers can assign themselves as beneficiaries, and in case of i.e. reminiscence loss, they may be capable to regain entry to their crypto.
CEO and co-founder Niels Klitsgaard feedback: “For the reason that early days of crypto, this has been a major drawback within the business. We’re comfortable that we now assist increase the bar within the web3 ecosystem and take crypto safety to the subsequent stage, benefiting not solely the consumer – but in addition the family members.”
DieFi is designed utilizing the strongest encryption algorithms obtainable mixed with a spread of varied applied sciences reminiscent of time-based encryption, good contracts, AI, and zero-knowledge structure.
FortKnoxster, which Danish cybersecurity specialists based, has developed the DieFi answer over the previous a number of years. The platform can be utilized by each retail crypto holders {and professional} establishments. The DieFi platform has been audited by three main celebration safety firms.
Press contact: [email protected]
Web site: https://fortknoxster.com/
Telegram: https://t.me/FortKnoxster
Twitter: https://twitter.com/fortknoxster
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