How Good Is Your Memory?
According to recent studies, the average number of accounts registered to a single email address is 130 in the US, and 118 in the UK. Common sense advises to use different passwords for each account if you really value your privacy, so even if your memory is top-notch, it will be an extraordinary feat to remember all of them. And keep in mind that the average person has almost 190 passwords that he or she has to remember, so I guess your memory would get overloaded if you even tried. So, is there a workaround? Can we still use different passwords for each account without losing track of them? Yes, you guessed it: Infinitus can help with this too.
Passwords Everywhere!
At times it really feels like we are online hoarders, with accounts everywhere, different usernames and tons of passwords to remember. But that’s somewhat normal because most online content is locked behind a “Log In” button, and if the site or service doesn’t require you to sign up, it usually offers more features to users that have an account. Just think about YouTube — I’m sure you’ve heard of that little site — you can use it without a username and password but if you are logged in, you can customize your feed, create playlists, store videos to watch later and much more.
Then we have Facebook, Twitter, Instagram, Pinterest, which are used collectively by billions of people. Next come email services which require a password, obviously… then we have offline passwords and credit card PINs… and of course we have private keys for our crypto wallets (which are basically impossible to remember). On top of all this, most of the passwords require you to have at least one number, a capital letter and a symbol in them. Oh and I almost forgot about work-related passwords and specific apps that require you to be logged in. So, you see where I’m going with this: it’s impossible to remember all your passwords unless you are some memory freak with super powers.
Since remembering all of them is practically out of the question, what are the alternatives? Most people write down their passwords and then the inevitable happens: they misplace the paper they’ve written on, they throw it in the garbage bin by mistake or they lose the electronic device where they’ve stored the information.
Another option is to use an online password manager, which is a better choice but still not bullet proof and it will also cost you. True, it’s not something that most people can’t afford but it must be taken into consideration, especially if you’re planning to use the service for a long time because usually password managers have a monthly fee.
Second Line Of Defence
You can keep using pen and paper to store your passwords, or whatever method you are currently using but you must always remember that it is not 100% safe. Paper gets lost, phones break and servers get hacked. That’s why you have to set up a second line of defence: Infinitus Smart Designation Repository, your personal vault located on the blockchain. The difference between Infinitus and traditional methods is that it eliminates all risks associated with cyber attacks and trust issues, due to its decentralized nature. Data is not stored on our servers but on the blockchain itself, fragmented across a peer to peer network, so you don’t have to trust a person or company, you trust mathematics and its immovable principles.
With math, 1 plus 1 equals 2. Always! With people, sometimes you can get a different result. How many times did you hear “We tried our best but it was out of our hands. Sorry!” Sorry?!?… that won’t cut it mate, because all my info now belongs to a hacker. As opposed to that, Infinitus is governed by an Ethereum Smart Contract and as you know, smart contracts work on an “IF — THEN” premise: IF a trigger event is detected (in our case an inactivity on the mobile app), THEN the data is gathered from across the decentralized network and sent to the person you’ve designated. Smart contracts don’t just try, they do.
The use of such contracts eliminates the trust issue: you don’t have to trust an employee to do his or her job properly, you don’t have to trust the IT guy to install top of the line security systems and to keep them updated. That’s what makes blockchain so great: no running around the bush, black is black, white is white. And its “unhackable” nature is the cherry on top.
So, paper and other methods are… fine if you don’t want 100% security or if you need your passwords recovered right now and you can’t wait for the inactivity period to pass (currently 7 days is the shortest inactivity period for INF). But if you value security more, then blockchains storage is the answer.
New Age, New Options
As we are venturing more and more into the use of blockchain technology, the old methods of doing things will slowly become obsolete. Remember dial-up Internet? Neither do I. We will surely continue to use some of the old storage methods for a while but in the meantime, let Infinitus be your backup plan. Write down passwords, but be prepared for the worst and store them on the blockchain with Infinitus as well. Give yourself some headspace and let Infinitus do the “heavy lifting” when it comes to remembering things.
