Cryptocurrency assets are routinely stored in local hardware and software wallets, or in centralized online accounts. Unfortunately, these approaches have significant drawbacks and weaknesses. Exchanges are vulnerable to hacks and theft, while wallets are often lost, or keys are forgotten by owners, resulting in billions of dollars in lost cryptocurrency that will never be retrieved.
"One of the unresolved challenges for the mass adoption of cryptocurrency and the blockchain economy is the continued challenge and burden associated with securing crypto assets," said Max Skibinksy, co-founder and CEO of Vault12. "Previously, to keep our digital money safe, we had to keep our extremely valuable cryptographic backups on pieces of paper and store them in traditional banks. It was ironic. We built Vault12 to be an innovative, convenient solution that replaced this cumbersome process."
Vault12 is the first cryptographic security platform to provide end-to-end management of digital assets stored as encrypted "shards," while ensuring that no one has to manually deal with cryptographic components. Instead of leaving recovery phrases or private keys centralized in a single place, with a single person, on a single device, or within a single organization, the Vault12 platform conveniently enables users to store crypto assets in a storage system that is not located on a cloud server, but instead on a distributed network of people and devices. Vault12 marries decentralized cryptography with a decentralized storage network to form an infrastructure that protects cryptocurrencies with full owner control, complete privacy, reliability, and high availability. Owners of crypto assets can quickly set up digital Vaults that are quantum-resistant and highly resilient to attacks on any part of the cryptostorage infrastructure. Users are able to access their assets by requesting approval from their Guardians, who can be paid in Ethereum for their services.
What makes Vault12 Unique
Many security products deliver security but are far from convenient. Vault12 has replaced the need for understanding complex security protocols with simply connecting with a few trusted people in your network.
Vault12 eliminates the need for cloud or local storage to protect crypto assets by encrypting, splitting, and distributing them across a trusted network of friends - dramatically reducing the threat/risks.
Cryptography — The first solution to provide End-to-End management of shards, cryptographic operations, and storage, making security as natural as placing a few phone calls. Based on Hierarchical Threshold Shamir's Secret Sharing (SSS).
Social Custody provides the ability for people to control their own keys with the assistance of a trusted circle of friends. This is related and complementary to Institutional or Digital Custody, which people undertake for compliance reasons.
Social Recovery is the ability to access assets by requesting that people guarding an asset provide approval. Since only a subset of approval is required, this is convenient and secure.
Desktop Uploader. Introduced with paid subscription plans, the Desktop Uploader enables Vault owners to upload assets directly from their desktops on Windows and macOS.
Digital Inheritance enables you to perform a smooth transfer of digital assets from one generation to the next.
Vault12 is the first personal crypto security solution to easily secure, store and protect crypto assets from anywhere in the world. Founded by security, cryptography and gaming veterans, the platform utilizes Hierarchical Threshold Shamir's Secret Sharing and proprietary technology to protect private keys with a trusted network of friends, family, and devices.
Vault12 Digital Inheritance is the first solution to offer a simple, direct, and secure way to ensure cryptocurrency, NFTs and other digital assets can be accessed by future generations.
Digital Inheritance enables investors to designate an individual who will inherit their entire portfolio of digital assets stored in a secure Vault once the time comes, eliminating undue risk and the need to continually update an inventory or continually issue updated instructions which can result in privacy leakage.
Designed to be used alongside traditional hardware, software and online wallets, Vault12 helps cryptocurrency owners, professional cryptocurrency traders, and high net worth investors safeguard their digital assets without storing anything in the cloud or in fact any one single location. This increases the protection and decreases the risks of loss.
The Vault12 app helps you recover, back up, and provide legacy inheritance for all your digital assets, including Bitcoin, Ethereum, NFTs, other cryptocurrencies, secrets like keys, seed phrases, PIN codes, digital art, and of course, your crypto wallets.
As a creator you can use Vault12 to safeguard not just your NFT and crypto wallets, but also original digital artwork. Project creators will always have to deal with multiple wallets - inventory, treasury as well as future royalty wallets.
Vault12 safeguards your project assets, increasing protection and decreasing the risks of loss, whilst ensuring that everything is ready to go to be passed onto future generations, when the need arises.
Whether your digital art is suitable for a phone, or represents much higher resolution multimedia, make sure that you have backed up a copy in case the resource link is disrupted in the future. Digital art can easily be added to the Vault either via the mobile app or via the desktop utility. Once you have stored your artwork in your Vault, it will also benefit from inheritance once you set that up in your app.
Step-by-step guides for setting up your digital Vault and adding assets, recovering assets, and recovering Vaults. Vault12 crypto security helps you recover, back up, and inherit all assets stored in your Vault including Bitcoin, Ethereum, crypto, private keys, seed phrases, wallets, NFTs and digital art.
With the latest release of Vault12, now available in both iOS App Store and Google Play we have streamlined how you can use VGT to upgrade your Vault or fund your Vault for future. Right now there is a 50% discount on all plans if you fund your Vault with VGT.