Since cryptocurrencies run on a decentralized system, every user must take care of saving his Bitcoins, Ethereum, and other assets with the highest security standards. But in case we lose our keys, how to restore access to our cryptos?
Para comprender con claridad todo el proceso es necesario dejar claro tres conceptos. Cuáles son los elementos funcionales, es decir cómo funciona HASHWallet, cuáles son los elementos que intervienen en el proceso de recuperación y por último, qué opciones de custodia de esos elementos tenemos.
HASHWallet is the safest option for both basic and advanced users. The multiple configuration options of the recovery system give the user total freedom in the custody of his backup elements without losing security.
HASHWallet is a non-programmable device that generates a random master seed when activated. This master seed generates, in a dynamic and deterministic way, all the key pairs that allow you to create the different portfolios of each cryptocurrency or token you want to store.
One of the most important factors in the HASHWallet activation process is the incorporation of the user’s biometric data, which makes the system the most robust on the market. The biometric data is not only used to confirm operations but is also a key factor in the activation process. If the user requires it, his or her fingerprints can be used as part of the elements of the recovery system.
We don’t need 24 words to regenerate the master seed. The recovery elements we generate reduce any risk of theft or loss, minimize possible errors in its custody and make the recovery process simple, agile and uncomplicated.
This element is generated at the time of the activation process. Your hardwallet will never be active without the recovery elements being generated and checked. The recovery seed is a key encrypted by the recovery key and by itself is an element that has no utility. In case of theft, it is not a security risk.
The other key element for the regeneration of keys in case of loss. Like the recovery seed, it alone cannot regenerate the master seed. It is the encryption key of the master seed, as it is an OTP (one time pad) it achieves the highest level of security.
Biometric ID (advance option)
In the advanced activation option, biometric data can be used to ensure access to the recovery seed. This implies that only the user(s) who have stored their fingerprints in the onboarding process will be able to complete the recovery process.
We propose two custody options, by default you will be able to use our eSignus Vault service in a totally private way and with the highest security standards in the industry.
eSignus Vault for the recovery key
We simply need a mobile phone number or an email address. We will take care of the recovery key. All you have to do is set up your annual subscription to the service. For users who participate in the Indiegogo Campaign, this service will be free forever.
HASHWallet includes a recovery card that connects via NFC with your hardwallet to store the recovery seed, and if necessary the fingerprints needed for the recovery process.
When creating the recovery seed, we will allow you to save more than one copy if you have other recovery cards. You can purchase as many recovery cards as you need separately.
Frequently asked questions
What are the advantages of HASHWallet when compared to other hardwallets?
HASHWallet provides a stronger security level than other hardware wallets due to several key features:
- It’s a non-programmable device. This feature creates a really secure environment for signing transactions and the safeguard of the keys.
- The private key is not known even by the user, and there is no way to extract it from the card. You can’t steal what you don’t know. This makes HASHWallet invulnerable to external attacks.
- Public/Private keys are generated inside the card through a random process, which cannot be replicated. No external seeds are used to generate keys.
- Its large screen of electronic ink allows to visualize all the details of the transactions and validate them, avoiding any possibility of fraud or identity theft, and it complies with the philosophy “What You See Is What You Sign”.