Goldilock ICO (LOCK Token): Secure Remote Crypto Key Custody Suite?
Crypto Key Custody and Digital Asset Storage
GOLDILOCK is a platform that revolutionizes the storage of data on the Internet by creating an ecosystem that safely secures digital assets and cryptocurrencies for individuals and institutions. The vision of the platform holds on the premise that the users’ data should not connect physically to the internet when not in use but at the same time should always be available anywhere when the user wants to access it.
It entails a functioning platform that allows for a remote physical data disconnection from the internet. The available GOLDILOCK security suite leverages the use of multi-factor authentication, regressive technology triggers, biometrics and cryptography for the movement of the burden of wanting to always keep the wallets secure from the investor to their own physically segregated platform.
The platform enhances the benefits brought about by both cold and hot storage by adding to it an additional physical security layer that was previously not available on the market. Its own patent-pending solution weaves together a new combination of the highest protocols and security layers that are completely unknown to hackers but is uncomplicated for the user.
How the Platform Works
The user's wallet is stored offline in the platform’s encrypted data vault that is disconnected physically from the Internet and the keys put in a unique, encrypted, and segmented hardware wallet device. By use of a non-IP mechanism, the user then activates their wallet thus making it accessible to them over the Internet. The user thus can access their wallets securely over a connection that is encrypted by use of an access credentials and a dedicated URL.
The platforms token referred to as the LOCK token is registered on the NEO blockchain as a NEP-5 asset. Users of the platform buy the LOCK tokens, which are then coupled with the platform's proprietary smart contract logic, which then allows the storage of private keys for digital assets.
Users need the LOCK tokens in order to access the Goldilock wallet. When the user of the platform logs into the wallet, the wallet requests the NEO public Blockchain for confirmation if the public key address of the user owns a LOCK token. If yes, then the wallet launches the browser of the user granting access to them.
The wallet then writes audit information to the platform's own private Audit Blockchain which ensures that every time the user's private key is brought online, its access is safely written to an immutable storage that can be asked from the platform's wallet.
Benefits of GOLDILOCKS
An additional layer of security by the platform allows for the users wallet and digital assets to remain secure when the user is offline while giving the convenience of accessibility wherever they are.
Superior Consensus Mechanism
The platform uses a consensus mechanism called the Delegated Byzantine Fault Tolerance (dBFT), which is an improvement of the Proof-of-Stake protocol, which allows token holders to easily vote for delegates.
Parameters of the ICO
- Token symbol: LOCK
- Token sale date: November 2018
- Accepted payment methods: ETH,BTC
- Total taken supply: 1,000,000,000 LOCK
- ICO: 670,000,000 LOCK