QR Code Encrypted Private Keys to be Replaced by Crypto Wallet

QR Code Encrypted Private Keys to be Replaced by Crypto Wallet
фото показано с : bitcoints.com

2018-7-27 20:25

Decentralized cryptocurrency wallet SafeWallet is launching a new QR code-based user identification system to replace mnemonic phrases and private keys, the firm announced Friday.
The app, operated by China-based Cheetah Mobile, will use a two-tier security system to grant users access to their holdings, according to a press release.
The first stage will have users scan their personalized and encrypted QR codes, while the second asks pre-set security questions.
“The QR code is highly encrypted, so it can’t be decrypted by scanning it with other software … [and] SafeWallet does not store your QR code on its servers,” a company representative told CoinDesk in an email.
The system is claimed by the firm to be more secure than traditional mnemonic phrases, while also being easier to use.

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Источник: bitcoints.com

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