Securely And Secretly Store Your Private Key And Seed Phrases On Your SafeKey.
SafeKey has been designed with custom internal storage that allows encrypted shares of data to be stored offline. SafeKey is also the only device that’s compatible with Inheriti®, our platform to create your own data backup plans.
Thanks to our self-developed and patented Secret Shares Distribution Protocol (SSDP) you can easily set up data backup plans with a combination of your SafeKey and Inheriti®. This unique process is developed so that you (or multiple people if you want) can safely maintain (shared) ownership of your data via different SafeKey(s), for example your private keys or seed phrases.
If a backup plan ever needs to be opened, the SafeKeys have to be brought together to merge and decrypt the individual shares. If that’s done successfully, the encrypted data gets revealed. Until then, the data stays decentralized and secret, only known to you as the creator of the backup plan. Each individual share is useless on its own but when all the shares are together, they reconstruct the original secret.
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What Is A Secure And Secret Backup?
A secure and secret backup allows you to securely distribute private information— “ex: private keys, seed phrases, passwords” — in different encrypted shares amongst an untrusted network. In our case: different SafeKeys.
A secure data backup plan helps you to store secret data in such a way that it is unreadable or unhackable, in difference to writing it all on a piece of paper, or even worse: storing your private keys in a text document on your computer, hard drive or in the cloud.
Setup a secure data backup plan to keep your private keys and seed phrases safe forever.
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The Problem With Current Private Key And Seed Phrase Backup Methods.
Whether you’re a crypto beginner or expert, it is absolutely essential to safely backup your private keys and seed phrases. There are many ways to do this, but most of them are unsafe, for a variety of reasons:
- Screenshots
- Taking a picture with your phone
- Writing it down
- USB sticks
- Hard drives
- Cloud storage (Google Drive, Dropbox, iCloud, …)
- Stainless steel
- Online vaults (LastPass, Dashlane, …)
We won’t go too much into details about why you should avoid using above methods, but the common issue is that they’re all susceptible to either phishing, hacks, loss, theft, are perishable over time or even make you dependent on centralized third parties.
There should be a better way to create a safe backup of your private key, right?
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Prevent Stolen Or Lost Private Keys And Seed Phrases With Your Immutable Personal Backup Plan.
Have you ever thought about what happens if someone intercepts one of your personal devices or backups and gets hold of your private keys and seed phrases? One person can easily steal all your funds without you even noticing.
A personal backup plan created with Inheriti® and stored on multiple of your SafeKeys gives you the power to maintain control over your assets forever.
So how does it work?
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How Do Private Key Backups Work With Your SafeKey?
The most secure solution is to create your own secure personal backup plans with the help of Inheriti® in combination with multiple SafeKeys. It’s the only 100% decentralized solution available and its unique Secret Shares Distribution Protocol (SSDP) has multiple patents in different jurisdictions around the world.
Simply said: Inheriti® encrypts and splits data into secret, unreadable shares. Those shares are then stored separately on multiple SafeKey devices and have to be brought back together in order to reveal the encrypted data.
Important to note here is that you never directly store your private key or seed phrase on your SafeKeys. Instead you leave encrypted shares which are useless and unreadable on their own. No one will ever have access to your data or will be able to read it, not even SafeKey or Inheriti®.
You’re the only one that knows what data gets encrypted.
With this, SafeKey is finally enabling crypto investors to confidently backup private keys and seed phrases in a way that is secure and empowering by smartly applying Shamir’s Secret Sharing Algorithm.
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Shamir’s Secret Sharing Algorithm.
Shamir’s Secret Sharing Algorithm is a way to split a secret, like a password or a passcode, into multiple pieces called “shares”. These shares can be given to different people, and any subset of them can be combined together to reveal the original secret. However, if any one share is lost or stolen, the secret cannot be reconstructed.
One of the key advantages of Shamir’s Secret Sharing Algorithm is that it allows for flexible access to the secret. For example, you can create a situation where any two shares can be used to reconstruct the secret, or you can require that all five shares be used. This allows you to tailor the security of the secret to your specific needs.
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Benefits Of Managing Backups Of Your Private Keys And Seed Phrases With Your SafeKey And Inheriti®.
SafeKey in combination with Inheriti® is the safest solution to create backups of your private keys, seed phrases or any other sensitive data.
- Decentralized cold storage of encrypted unreadable shares
- Stop worrying about your private key backups
- Keep control over your own backups, forever
- Create multiple backups
- Eliminate intermediaries
- Avoid data loss
- SafeKey allows you to plausibly deny the existence of data
- Use tamper proof and patented technology
- Highest standards of security and military grade encryption
- Ongoing independent audits
- 3-Layer topology
- Lifetime validity
- 100% decentralized
- No critical information is stored in databases
Get Started With A SafeKey!
You should select your SafeKey based on the services (i.e. websites and apps) and devices you want to use the SafeKey with. Please see the resources below to help you decide on which SafeKey will be your best fit.
Start Using Your SafeKey
Get strong security in minutes with the SafeKey, a hardware security key that provides phishing-resistant two-factor authentication and encrypted data storage.
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Why Use A SafeKey?
Discover why you should use a SafeKey and how it'll help you eliminate the security vulnerabilities you're facing today.
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Other Crypto Use Cases
Avoid that your crypto exchange accounts are getting hacked by simply using a SafeKey.
Learn moreStore private keys and seed phrases in the most secure way possible and make them theft-, loss-, and hacker-proof.
Learn moreSafely pass along your cryptocurrencies and NFTs after your death, without using a middleman.
Learn moreA decentralized backup plan created with Inheriti® and stored on multiple SafeKeys gives you the power to keep control over your assets forever.
Learn moreIf you don’t want your seed phrases, private keys, passwords, exchange accounts, … fall in the hand of malicious people, you have to take your security one step further.
Learn moreStop modern threats and keep your web3 assets like your cryptocurrencies and NFTs, or user accounts for exchanges, safe at all times.
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