Cryptocurrency

A Comprehensive Security System for Safeguarding Access to Digital Assets

Investing within the crypto house is rising as essentially the most trendy method for wealth to flourish.

Serenity Defend was created to present a complete resolution to safeguard your digital belongings in surprising occasions comparable to a misplaced pockets seed or secret phrase, private tragedy, or dying.

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The worldwide digital asset market is at the moment experiencing explosive progress as tens of millions of individuals have adopted cryptocurrency utilization worldwide and the wave is estimated to proceed rising.

In fact, the extra traders’ curiosity in digital belongings, the extra cryptocurrency crime will increase. In accordance to a report, scams have eaten up as a lot as $14B USD price of crypto belongings stolen 2021.

What Is Serenity Defend?

Billions of {dollars} sitting in chilly wallets are misplaced yearly due to unhealthy technique within the occasion of dying or accident of asset holders. If this subject isn’t resolved, it will possibly lead to disastrous penalties.

It’s straightforward to see that digital belongings can deliver you immense alternatives, however in addition they have their dangers.

As such, managing these dangers is likely one of the essential issues that traders have to be involved about when collaborating on this scorching business.

With Serenity Defend’s resolution, your investments in digital belongings will carry over to the recipient of your selection and won’t be completely misplaced due to premature demise.

It’s blockchain’s first decentralized identification (DID) know-how resolution which empowers your family members to get better your digital belongings in case of a life accident or sudden demise.

So, what’s Serenity Defend’s resolution?

The Answer!

Digital belongings are usually secured in varied methods starting from paper, software program, and {hardware} choices to accounts on centralized exchanges.

Nonetheless, these conventional approaches typically endure from important disadvantages and safety vulnerabilities that will lead your belongings to develop into completely locked or inaccessible.

As centralized alternate accounts go away customers with out direct possession of their funds, this forces customers to belief a centralized storage vendor with the custodianship of their helpful digital belongings.

Serenity Defend solves this downside by offering an encrypted and absolutely decentralized resolution for passing on belongings to an inheritor in case of a private tragedy or unintentional dying.

The New Means to Access Digital Assets

Serenity Defend empowers its customers to declare full possession and autonomy over their digital belongings, and provides a singular resolution additionally provides a layer of peace of thoughts.

Constructed on blockchain tech, Serenity Defend leverages the immutable safety of sensible contracts which include a professionally designed, user-facing frontend Decentralized App (DApp).

All of your delicate data might be saved in a digital secure known as a ‘StrongBox’, which is owned by solely you and is saved within the highest safety.

DID Does it Higher

The Decentralized Id (DID) know-how is used for person login and non-fungible token (NFT) Keys are used to activate the ‘StrongBox’ operate.

This method will enable the end-user to set, retailer, and save their distinctive crypto login credentials in a single secure place.

Customers can set up their transferrable Heritage plan for designated recipients or beneficiaries. As well as, they will additionally guarantee seed phrase and digital key safety on the blockchain.

A customized Secret Community pockets constructed on high of the Web3Auth platform, Serenity Pockets, will deal with authentication.

It will supply decentralized multi-factor authentication mechanisms, permitting customers entry to safe authentication programs generally known as Single Signal-On (SSO) for social networks, passwordless flows, or biometric units.

With the Secret Community and Serenity Pockets, the platform creates a zero custody resolution in order that you’ll stay the only proprietor of your credentials always.

A Higher Means to Keep Protected

The Secret Community is the blockchain on which the principle sensible contracts are written. It’ll supply the safety, transparency, and privateness options required by Serenity Defend.

Moreover, privateness and safety features are additionally assured, as a result of sensible contract transactions are despatched in encrypted type from the shopper to the validating node which runs in a protected {hardware} setting.

The Serenity Defend platform will retailer an proprietor’s ‘strongbox’ by utilizing a mixture of the robust encryption algorithm Shamir’s Secret Sharing (SSS) and the Non-Fungible Token (NFT) customary.

Every strongbox will endure encryption and be became 3 digital keys (NFTs) and would require 2 keys to decrypt the strongbox.

This encryption course of is carried out within the shopper’s browser to keep away from transmitting delicate data in plain textual content by way of public channels.

Every of the three strongbox keys might be saved in a unique NFT and transferred to the Proprietor, Vault of Serenity, and Designated Inheritor, respectively.

On this method, not one of the 3 NFT holders can crack the whole strongbox as a result of they should have 2 digital keys to achieve this.

The Activation Insurance policies will then be set. The Activation Insurance policies are the settings that the Proprietor configures when creating the strongbox.

They are going to be an extensible module designed to detect intervals of inactivity for the account proprietor by implementing a mixture of strategies comparable to studying transactions from the blockchain, requesting a notification response, or authentication by way of the Serenity Defend DApp.

How A Strongbox Works

As a easy and user-friendly DApp, you’ll be able to login and create a brand new or amend an present StrongBox account from anyplace on the planet.

The tip-user can use this method to restore their knowledge in case of lack of entry to their delicate data in addition to switch the possession of this data to particular customers, comparable to heirs, within the case of an accident or dying of the person.

Throughout these processes, all delicate data could have undergone a strong encryption course of that successfully splits the delicate data into three distinctive NFTs Keys.

Two Keys of them are then distributed to the account holder and their inheritor respectively. The remainder is locked throughout the Serenity Defend sensible contract.

As stated, all authentication processes might be dealt with by Serenity Pockets. In consequence, it may be seen that Serenity Defend’s zero custody resolution is complete safety for your digital belongings.

Serenity Defend Token

$SERSH is the Serenity Defend native token, it’s used to entry delicate data from a person’s ‘StrongBox’.

It’s a deflationary SPL token that works on the Solana community, due to this fact, it advantages from low gasoline charges and excessive community speeds.

Keep Safer With Serenity Defend

Because the adoption of cryptocurrency continues rising, Serenity Defend is a complete, decentralized resolution for guaranteeing the safe switch of delicate data in accordance to your needs.

The platform has a safe DApp to safeguard your crypto belongings in unexpecting occasions.

Additionally, the DApp is designed as an easy-to-use know-how as any Net 2.0 software, comparable to Fb or Twitter, however your delicate data might be protected in order that solely you or your inheritor can entry them.

Thanks to SSS, any assault might be cryptographically thwarted. Crypto crimes will be unable to restore delicate data by themselves, even when they type a gaggle to carry out a collision assault.

Penetration and vulnerability detection exams might be carried out on the web site and DApp to confirm the integrity of all Serenity Defend services.

There’s additionally a Bug Bounty Reward Program to encourage white hat attackers to search for bugs or vulnerabilities to enhance the safety of the mission.

If you’re a crypto investor and are looking for an answer to shield your digital belongings, Serenity Defend could also be a complete safety system for you!

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