GOLDILOCKS:- IT IS NOT HOT STORAGE NEITHER IS IT COLD STORAGE BUT JUST THE RIGHT STORAGE...

INTRODUCTION

With the increase in value of cryptocurrencies, fiat money is gradually going extinct due to the fact that people would rather invest in cryptos rather than just save their monies in the banks. Due to the increase in the interest and investment in the Crypto world, the rate of theft of cryptocurrencies is on the high increase. Individuals and even organizations have lost their whole funds to hackers who have deviced several means of having access to private keys of wallet owners.

The Bank info security has recorded over $1.1 billion cryptocurrency theft in the last six(6) months as at June -12- 2018. Hackers have come up with several means of breaking into wallets and stealing cryptocurrencies.

Some methods of theft have been exposed. Hackers steal Cryptos through mining hardware directly especially if wallets is poorly secured or left misconfigured. Another way hackers get through to wallets is leaking wallet information. An example is the case of the BGP Leak Masks Ether theft: Cryptocurrency Heist
These are just a few cases out of many happening world-wide.


THE GOLDILOCKSINTERVENTION

Having understood the insecurity challenges faced in the Crypto world, goldilocks has come to provide a sustainable lasting solution to the predicaments of wallet users to prevent them from loosing their private keys to hackers, thereby loosing their funds.

Goldilockshas restructured and modified the way data and users wallet information is been stored on the internet by building a more secured and improved system for cryptocurrencies and other digital assests for individuals, organizations and institutions. Most especially financial institutions.

INTRODUCING THE AIR-GAP MODEL

Goldilockshas built a highly secured and unique air-gap technology *where your devices, be it your phones or systems is prevented from establishing a connection with an external server. This is to prevent any exchange of personal/sensitive data such as the wallet private keys of users to hackers.

Hackers have successfully gotten personal details via visibility of such information on servers when devices are connected to the internet, which could gain them free access to ones Personal wallet details such as the private keys.

AIR-GAP FOR SINGLE USERS

They look out for hackers is usually the private keys. Once gotten, they can have access to users wallet and full control of funds which [goldilocks] has given the sole custody to individuals to be in charge of their private keys with the help of an encrypted storage with a vault acting as a secure data center. Here, a user makes his transactions with a non-IP command, over a public switch telephony. That is to say, having access to his wallet at that moment won't be accessible by any other server and after transaction, his wallet device automatically goes offline with no record or trace of his private keys or any other sensitive information for that transaction.

AIR-GAP FOR INSTITUTIONS AND ORGANIZATIONS

Most institutions have a centralized control which is usually subject to regulations by the heads of that organization. Because of it's nature, the process of doing and achieving things can be pretty slow and full of errors. Organizations such as the banks have been faced with some challenges apart from congested systems, one other major challenge they face is insecurity of customers funds but with the adoption of goldilocks, security of funds is assured because, transactions and personal data cannot be accessed by hackers from another server.

UNIQUE FEATURES OF GOLDILOCKS

Highly secured wallet

The goldilocks wallet has been designed with an encrypted hardware wallet device which would only be connected to the internet over a non-IP public switch telephony network. This is to say, there will be no form of information exchange from any near or far server to get hold of sensitive information.

It makes use of one of the best smart contract

Goldilocks makes use of the NEO tokens for better and more secured transactions.

THE LOCK TOKEN

Users of goldilocks are expected to subscribe or purchase lock tokens that will ensure data/information security storage. This to a large extent, would keep users informed of what goes on in their account in a comprehensive format.

WHY GO FOR NEO?

Source
The Neo is a Chinese developed decentralized platform which supports peer to peer Cryptocurrency transactions. Being a network of decentralized apps, it ensures a digitalized assest which the smart contract perform the function of managing these assests. This features ensures proper management of funds for goldilocks wallet users.

CONCLUSION
With the introduction of goldilocks, the undeniable issues of insecurity in the Crypto World would be reduced to it's bearest minimum. Individuals will have their funds secured and organizations would run without fear of loosing their funds to hackers.

FOR MORE INFORMATION AND RESOURCES ON GOLDILOCKS;

WATCH THE VIDEO BELOW

MY VIDEO ON GOLDILOCKS
https://dlive.io/video/celineaugustinee/51f6a657-9aba-11e8-885a-0242ac110003

Goldilocks website
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**Goldilocks whitepaper
Goldilocks Tokenomics
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Goldilocks GitHub

Goldilocks Road Map

MEET WITH THE GOLDILOCKS TEAM

MY TWITTER LINK:https://mobile.twitter.com/ress_smart/status/1027011567441899520

Image credit: All images, except the NEO image were gotten from the Goldilockssite.*

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