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Vault12

How are You Protecting Your Cryptocurrency?

Vault12 provides digital custody, giving cryptocurrency owners a simple, yet robust way to remove risks associated with hacking and accidental loss of account credentials - all in an easy to use mobile app.

1.8
1 0 expert ratings
Benchy 1.8
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Ended
Token
VGT
Price in ICO
1.3500 USD
ICO start
26th Sep 2018
ICO end
30th Sep 2018
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About Vault12

Our most precious digital assets today include cryptocurrencies and the security of these assets is already at an unprecedented threat level. To protect these assets, we need a new cryptographic security platform – one that does not leave security centralized in a single place, with a single person, on a single device or in a single organization. We describe a new cryptostorage platform that is based on hierarchical Shamir's secret sharing. This platform enables new security and storage models, which are designed specifically for owners of crypto assets. We will show how decentralized cryptography and a decentralized storage network come together to form infrastructure that protects cryptocurrencies with full owners control, complete privacy, reliability and high availability. Owners of crypto assets can quickly setup distributed Vaults that are highly resilient and impenetrable to attacks on any part of the cryptostorage infrastructure. To power the cryptostorage platforms' day-to-day operations, we introduced a new ERC20 token, Vault Guardian Token (VGT), which is designed to incentivize all actors in the platforms' ecosystem.

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