INTRODUCTION 

Since the inception of digital currency, cryptocurrencies were supposed to offer a secure, digital way to conduct financial transactions but they have been dogged by doubts. Concerns have largely focused on their astronomical gains in value and the likelihood of painful price crashes. But it's important to keep in mind that participating in crypto world comes with big risks. Over the years, the Bitcoin world has been plagued by hacks, scams, and abusive practices. Users who don't take appropriate precautions can lose everything not even the Pope can help you if you do something wrong. 

One way or the other, you may have heard about cold and hot digital wallets but do you know how they are different from each other?

The simplest way to describe the difference between a cold wallet and a hot one is this: hot wallets are connected to the internet while cold wallets are not. A combination of hot wallets and cold wallets” solution  sounds safer than using either cold wallet or hot wallet. That is to say, user manually moved the cryptocurrency from the hardware wallet(cold wallet) to an exchange wallet (hot wallet) when trading, and move it back when not in use. The hot and cold wallet won't defend against every conceivable attack on your digital doubloons, but it's a good place to start.

Considering the fact that this wallets are not 100% guaranteed, developers have been working round the clock to design a way of protecting our cryptocurrency and behold, "GOLDILOCK" was conceived. 

Goldilocks - with great power comes great responsibility.

Goldilock understands that users safety and security should not be taken lightly, so they took it upon themselves to dig deep into the mind of digital criminals and offers a digital assets security portfolio that keeps digital property beyond the reach of unauthorized users but within swift reach of original owners. These digital assets are stored in vaults in secure data centres that employs layers of secure authentication to keep digital data completely isolated and safe. When the user needs to effect a transfer or carry out a withdrawal, it comes online. Once the user is done with the transaction, the device is physically unplugged, ensuring that users are protected from loss of these assets. organzations that have been skeptical of embedding cryptocurrency into their businesses will now sleep with both eyes closed. This is achieved by combining the positives of cold and hot storages.

Combination of cold and hot storage by Goldilock. 

Ever since the creation of digital currency, blockchain has been like a magnet for cyber thieves and fraudsters. Last year alone, cryptocurrency exchanges that are public centralized recorded billions of dollars of cryptocurrency that was stolen, due to their sole dependent on relatively recent method of security. However, Goldilocks has been given free license by the operators of hot wallet and providers of custodial services to take full advantage of their airgap custody solution, which is remotely automated and a solution of cold wallet can be fully included into the system of Goldilock, such that, existing technologies can be efficiently improved upon by the operators of cold wallet, just by taking full advantage of Goldilock.

The benefits of combining both the hot and cold storage is that, When users desire access to their private data stored in a physical storing device, the device storing the desired data is connected to the internet with request, requesting the data to be fetched. In accessing the device, clients can, through an authorized non-IP command written over the Public Switch Telephony Network (PSTN), remotely mount the storage device. By which the device is made accessible online through a secure web login. When clients are done accessing their data using encrypted channels to complete transactions, the device which securely manages the private keys is physically disconnected from the Internet. With the airgap technology, personal data, including keys, are isolated from Goldilock and fully backed-up. And as such, personal data and private keys becomes quickly accessible when needed.

The benefits of combining the best of cold and hot storage is to get a secure cryptocurrency and digital file storage which cannot be hacked, and can easily be accessed anytime at anywhere.

Why Investors Should Use Goldilock Over Other Alternatives

Goldilock bridges the gap between security and convenience. Unlike competitors like Xapo and Coinbase, It allows users to instantly access and use their assets and documents without time or "minimum-amount" limits. This gives users the flexibility to trade, a very welcome advantage over other Companies.

The supremacy of Goldilock above others. 

• The security of offline data is used in combination with the ease of online accessibility with Goldilock.
• sensitive data are physically disconnected from the internet when you are offline and comes up, when you're online. 
• Free from cyber thieves and hackers.
• Digital private keys and password are readily accessible at any point in time. 
• The solution of Goldilock is indispensable almost at any price.

The interrelationships between NEO blockchain and Goldilock

NEO is a unique non-profit, community-based blockchain project which utilizes blockchain technology and digital identity to digitize assets, automate the management of digital assets using smart contracts to realize a smart economy with a distributed network. NEO built its blockchain as a distributed network where stakeholders benefit from the smart economy, the blockchain can grow and sustain the needs of its users in the future. NEO makes use of the Public Key Infrastructure (PKI) X.509 standard for identity. With this NEO is able to both issue and confirm digital identities and for large companies and government institutions to operate on the blockchain, these institutions will require the ability to audit digital assets and transactions.

• Goldilock opt for NEO because Transactions are processed even faster. The consensus mechanism of NEO makes it quite possible for blockchain to operate in surplus of ten thousands transactions per seconds without the cost of transaction.
• Goldilock will have a NEP-5 asset called LOCK, a digital token on the NEO Blockchain. LOCK is required in order to access the Goldilock Security Suite.
• NEO being the safest cryptocurrency on the market, its token, along with the tokens of NEP-5 and GAS, can easily be stored and transacted using Goldilock wallet. The wallet will run inside a web browser authenticated over SSL
• Some institutions already have wallet solutions, but they need improvements for the security of their solutions. As a result, They can make use of Goldilock patent-pending solution for their solutions just by using the API services of Goldilock.

The vital need for digital protection. 

 Information has power, that's why the data must be protected with great zeal since there are those who want this power with illicit and dishonest motives. Already many governments are taking action on the matter, legislating the security failures of companies with millions in fines, however, it is unnecessary, since the price of a security vulnerability can be much higher. Whether the legislation is necessary or not, is a fact, so Goldilock takes advantage of this opportunity, since it has the most advanced security technology, offering companies and states the option to protect their data without any vulnerability.

Goldilock understood the needs of the clients and the entire world, that can be summarized in: Take the privacy of our data seriously! This company comprehended the importance of information protection, so it managed to materialize true digital security.

Use-Case 1:

you catch some “shit” in an attempt to generate a license key for some extremely desirable game. This software will scan your hard disk, then it will find the private key. After a few milliseconds a new transaction appears on the bitcoin network that will take all of your hard-earned money. However, with GOLDILOCK Wallet Application, I can sleep with my two eyes closed without any fear of hackers and in turn bring about massive adoption of cryptocurrency. 

Lock Tokens

The token that people will need to use in order to have access to Goldilock’s services is called LOCK, this token “when coupled with Goldilock’s proprietary smart contract logic, will allow for the storage of private keys for cryptocurrencies and other digital assets, as well as provide an immutable auditing mechanism for each individual node using Default Byzantine Fault Tolerance”. Source

Token Allocation

Proceeds From Token Sale

Teams 

Partners

For More Information & Resources:

Goldilock Website
Goldilock WhitePaper
Goldilock Tokenomics
Goldilock Telegram
Goldilock Discord
Goldilock Linkedin
Goldilock Facebook
Goldilock Twitter
Goldilock Reddit
Goldilock Github

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