This Jan 3 — Proof Of Keys 🔑— Secure funds with Cypherock
There is a popular saying in crypto that goes like — “Not your keys; not your Bitcoin!”. Unlike the traditional finance space, crypto enables the user to be in charge of their assets. Keeping your private keys secure is essential for true financial freedom through cryptocurrencies. Unfortunately, we see a lot of cases of people losing their funds by keeping them on an exchange. The infamous Mt. Gox hack of 2014 and the recent Quadriga CX disaster, where the keys to the funds on the exchange were lost with the demise of the CEO.
Apart from the loss due to storing funds on exchanges, a lot of people lose their crypto funds by not storing their private keys or the seed phrase securely. Billions of dollars have been lost in crypto due to these improper crypto that was the first time the Proof of Keys event took place.
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