It is no longer news that blockchain and cryptocurrency is the novel invention of the last decade and will very anon surmount all facet of human endeavour. Both corporate bodies and individuals have keyed into blockchain and cryptocurrencies. These financial innovations need authentication and keys which can be private and public keys. With the password and keys being a sensitive and security to your wallets there is a desideratum for it to be kept safe. How to keep safe your wallets particulars is a quandary many people are facing now. There is research that was carried by a project team on the eventuality of losing one's authentication and wallet's private keys. It was found out that the case is high and is now a major concern and have indeed transpired to many individuals. This transpires as users typically rely on unsecured key storage methods such as; writing the key on a piece of paper or keeping them in digital forms, such as Microsoft Office files stored in hard disks or USB drives. These methods are perishable, not fail-safe and are susceptible to the possibility of losing one’s key.
Solution:
As I was perusing the cyber world the other day I came across a solution to the quandaries of losing one's private key and other particulars. This solution is being exhibited by INFINITUS TOKEN with their website here: https://www.infinitustoken.io InfinitusToken (INF) came up with this potent concept to mitigate the loss of private keys and authenticate particulars by introducing INF which is a blockchain-predicated storage application that sanctions users to encrypt and store a variety of
alphanumeric data on a decentralized network. The utilizer data is securely stored on a peer-to-peer network (IPFS) which additionally ascertains that it is only accessible to the designated recipient upon a predetermined dormancy trigger.
Examples of utilizer data that can be stored in INF secured environment are: passwords, wallet files, private keys, JSON files, UTC files, keystore files, mnemonic phrases, instauration seeds and even short text messages.
INF is a decentralized Application (DApp) This App is downloadable from google play store. The INF mobile App acts as an interface between the utilizer and the backend blockchain. The utilizer establishes the “Smart Designation Repository” with INF Token acting as a “key”. Utilizer then defines a pre-set dormancy period predicated on the INF mobile app, for example, 30days or more days. When the INF mobile app apperceives dormancy, the INF Ethereum smart Contract is triggered, and the private data will be automatically amassed and transfer back to the denominated designated receiver. Once the private data is entered onto the INF platform, the data will be fragmented, replicated, encrypted, and distributed across the decentralized network through Peer-to-Peer Protocol. The decentralized network of nodes are composed of organizations or individuals that are utilizing INF's repository accommodations. With this method loss of Private keys and password is thing of the past. This could only be possible for now by Infinitus Token (INF).
Authored By: https://bitcointalk.org/index.php?action=profile;u=1911488