The safest and smartest way to store your backup key phrases for your crypto currency wallets.
Block Vault makes it safe and easy to store the phrases you have as backups of your crypto currency wallets (your "word list"). Block Vault solves your backup issue if you are using a hardware device like a Trezor, KeepKey, or Ledger Nano, or a software wallet like Jaxx, Bread, Exodus to store your Bitcoin, Litecoin, Ethereum, Ripple, and other currencies.
The problem with that list of 12, 15, 18, 21 or 24 words that you use to backup your crypto wallet is that you need to keep it safe. If it gets stolen, you could be out a lot of money. If it gets lost or destroyed, same problem. Some people have suggested splitting the list into two parts, and storing them in separate locations. The only problem with that solution is you just doubled your chances of loss or destruction (since the loss of either list will lead to the loss of everything). If you instead store your entire word list in two or more locations, you just increased your chance of theft by at least a factor of two.
Both of these "solutions" do nothing to address the $5 wrench problem...
Block Vault helps solve all these issues by using a data property known as parity. Using data parity, we generate three word lists (what we call the backup keys) from your single backup phrase. Any single list is worthless on its own, but with any 2 of 3, you can recover your backup phrase (you don't even have to keep track of which list is which, Block Vault automatically reassembles them correctly). Now you can store your backup in multiple parts in multiple locations, all while increasing durability and security. You can even use a device like Cryptosteel or ColdTi for one or more of the backups to increase durability further.
Best of all, Block Vault can make each of the 3 backup keys it generates for your original key appear to be valid backup phrases by themselves. This way, anyone who steals one of your Block Vault backup phrases, even by force, will believe they got access to your "wallet", though all they will have is the key to nothing.
Here's how Block Vault's Patent Pending process works:
Keep your crypto currency wallet backup safe and secure! Download Block Vault today.
Built for security, designed for durability.
Disasters or simple loss concerns go away as you durably store your mnemonic in multiple parts.
No longer is theft of your mnemonic as simple as compromising a single location.
All 3 backup keys generated are valid backup phrases themselves, fooling would be thieves.
Block Vault supports any mnemonic: 12, 15, 18, 21, or 24 words long.
Every mnemonic language word list is natively supported.
All of your backup keys are generated on your device, and wiped away as soon as you tap Clear Data.
© 2018-2019 Bit Vault, LLC. Patent Pending.