Hackers steal your keys. The Spatium Protocol makes keys useless to them.

Even the most protected private keys have been shown to be prone to theft. The Spatium Protocol’s tested keyless approach makes both hardware and software wallets unhackable.

Keys open your door to thieves

How many “unhackable” cryptowallets have been hacked this month? How many exchanges? How many investor contributions intended for an ICO were redirected to thieves via phishing or other methods?

A week ago, Japanese cryptoexchange, Zaif, lost up to $60 million of user funds to a hack. A couple of days earlier, a startup in California lost $14 million when hackers from — believe it or not — Oklahoma stole access to the startup’s cryptowallet. Cryptocurrencies cannot achieve mainstream adoption as long as people fear their funds disappearing in the morning.

The private key was a brilliant invention for a higher level of security, but it is no longer enough. As soon as a thief gets access to your private key, it’s all over. Your funds are now their funds. It’s even worse with exchanges, where you do not even have your own private key, really — just one of the exchange’s keys that it lets you use exclusively… until it decides to freeze your account or until the exchange goes under (as they too often do).

No key — no problem

The Spatium Protocol addresses this issue head on by letting everyone crypto securely.

How? By replacing the private key with a combination of a number of well-known and proven technologies, including the Secure Multi-Party Computation (SMPC) algorithm. The result is a distributed way of signing transactions and storing data that is truly unhackable.

In practical terms, the Spatium Protocol simply requires users to have two or more devices to sign every transaction. A participating device could be your smartphone, your desktop computer, your smartwatch, or our own Spatium hardware wallet. Each device has a “secret” that interacts — via a very specific mathematical formula — with the other secrets/devices. At the same time, this secret never leaves its own device. It is in no way decipherable if the device is somehow compromised and does not lead the hacker to other secrets or user’s data (let alone funds).

Indeed, our Spatium Protocol makes any component of our multiservice platform pointless to hack. We do not centrally store any data. Even our hardware wallet does not store user data. The hacker would have to compromise every single device participating in the signing of a transaction to try to break the secret (and even then will not have access to user funds).

Tomorrow, you may see another news story about an exchange getting hacked, a hardware wallet being shown vulnerable, or ICO investors being duped out of their money. How can we stop all this crime and bring the feeling of safety into the cryptosphere?

Spatium is doing that by making crime both impossible and pointless. Are you ready to crypto securely? Download our software wallet from Google Play, Microsoft Store, or the App Store today.