[WALLET] Sign up at once with social media interworking

Crypto-wallet without a password, Staika

STAIKA
STAIKA
Published in
2 min readNov 7, 2022

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In the crypto-world, security is very important. Security has become very important as the value of cryptocurrency has increased. So, crypto-wallets have developed very hard to find passwords. It is so difficlut that even the person who created the crypto-wallet account can’t remember it. Let’s see how to recover the password for an existing crypto-wallet.

When sign up a crypto-wallet account, it randomly creates 16 digits of a secret backup phrase (private key) to reset the account. If you know this 16-digit secret backup syntax, you can reset you account.

It’s so hard to reset wallet

That’s why hackers often hack into this secret backup pharase, so it’s been recommended not to save on digital. Instead, there was a way to write this secret backup pharase on your personal not or business card.

This method is very safe but it’s too safe thate ther’s a problem. For exampled, A CEO of an abroad cryptocurrency exchage died in an accident. Only he was managing the wallet used by cryptocurrency exchange, no one knew the wallet password of the secret backup syntax… At that time, the cryptocurrency exchange had about $145 milion of customers’ cryptocurrency, but no one received it back, and the crytocurrency exchange went bankrupt.

On the other hand, Staika can easily connect and restrore accounts through social media interworking. It’s coonected with only one tap, there’s nothing to explain for a long time!

Staika will be a platform for simple and easy digital asset management! Stay tuned for our latest updates!

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STAIKA
STAIKA

스타이카는 X2E와 사회적 기여활동을 지원하는 액티비티 라이프스타일 서비스 플랫폼입니다. Staika is an activity lifestyle service platform with X2E and social contribution.