A Top-Tier Security Protocol for pe3qing into, validating and bridging offline cold storage hardware wallets in real time.
Basically, connecting both your public (hot) wallet and your private (cold) hardware wallet together and making both accessible in real time to whomever you choose.
A hot wallet and a cold wallet are terms used to describe where and how cryptocurrency is stored. The main difference between these two types of wallets lies in their connectivity to the internet and the subsequent implications for security and convenience.
It’s important to note that while cold wallets provide a higher level of security, they lack the convenience of hot wallets. Transactions cannot be executed in real-time and require a process to transfer assets from the cold wallet to an online platform. Therefore, many cryptocurrency owners use both types of wallets, storing the bulk of their assets in cold wallets for safekeeping, while keeping a smaller amount in hot wallets for active trading and transactions.
PE3Q Security Tokens are ERC-721 NFTs on the Ethereum blockchain.
They are always ‘Minted’ in pairs allowing for a quantum-style entanglement of their properties that effectively ‘ping’ one another allowing for a remote location beacon to become activated.
Basically, one token always knows where the other one is located across the vastness that is the crypto blockchain; effectively allowing the 1st token to PE3Q into a remote wallet’s contents.
Not as of today.
Our plan is to charge $50 USD to mint (2) PE3Q Security Tokens in the future. Expect this to happen late summer 2023.
Of course, you will always have to pay Gas to move those tokens from wallet to wallet.
It’s pretty simple and shouldn’t take more than 10 minutes to complete the procedure. Please be sure you have access to both a hot wallet (metamask/coinbase) and your cold storage wallet (trezor/ledger) before beginning.
Wait a few minutes for the transaction to propagate throughout the Ethereum network and your transaction to be completed. (a hack is to goto opensea.io and connect your wallet to view all your NFT tokens, you should see both PE3Q Security tokens in your wallet usually much faster than it would show up in your app’s token list)
Now that you have your tokens, let’s begin the “Security Loop”:
Let’s double check that you have a single PE3Q security token in each of your hot and cold wallets and that our security loop procedure was followed correctly.
Go to: https://dev.pe3q.io/pass (Still in beta)
Connect your hot wallet. This will test the security loop and ensure that your tokens are setup correctly. If there are issues, the security tool will let you know the point of failure and how to fix it.
Simply put, being able to use, show, flex, display and validate that you do indeed own the cold storage assets that you say you own directly from your hot wallet .. in real time..
Some examples of this include, but are not limited to:
Simply “Burn” either one of both of your PE3Q NFT tokens and the connection is destroyed.
You do not need to log into any special website or ask us to sever our connection to your wallet.
To burn an NFT, simply Send/Transfer the NFT to this address and pay the gas to confirm the transaction:
0x000000000000000000000000000000000000dEaD
Simple, easy and 100% in your court.
All NFTs/Crypto are stored on the blockchain.. always and forever. The blockchain is an immutable public ledger that is not owned or managed by any person or company. Everything on it is 100% public, provided you know how to read it.
The ‘secret’ of cold storage/hardware wallets is that the layer containing your security keys are stored in your offline hardware. That’s what’s actually going in your safe… the key, not the crypto. This revolutionary idea makes it virtually impossible to gain access to them without also having access to the physical hardware and some sort of Passphrase/PIN.
Most marketplaces/crypto websites can tell if your wallet is either hot/warm/disposable OR if it’s cold/offline/secure/tied to a hardware key. If the ‘flag’ is set to secure, they typically choose not to show/share the assets attached to that wallet address. It’s important that you know that 100% of your assets can still be found if you are reading directly off of the blockchain.
Our technology simply exploits this knowledge and through our patented security looping process, we can not only validate your remote assets but also ensure they do indeed belong to you; all while having ZERO access to any of your wallet’s contents.
We are a “Read-Only” company.. merely pe3qing 😉
Basically, if hackers gained access to our entire backend servers and rummaged through our databases, they would recover nothing but a collection of wallet addresses that are using our service; that and a few timestamps. Literally, they would get the same results as if they were to read through the blockchain contracts that govern our minting procedures and trace everyone’s wallets that own an NFT of ours.
Our philosophy:
If we don’t have actual access to anything…
…neither will any groups that penetrate our defenses!
tldr; Your wallets are safely connected to us because you never gave us rights to do anything with them in the first place. 🙂
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