Bitcoin Press Release: MagicSeed is proud to announce that their disruptive and state-of-the-art encryption technology’s next Indiegogo campaign has been launched on 30th Sept 2019.
18th Sept. 2019, Italy – Everyone in the crypto business knows this one fundamental principle, whoever owns the seed owns the coin. Thus, keeping your crypto seed code and the backup code safe is of utmost importance. MagicSeed offers a unique 100% offline solution that will help you keep your cryptocurrency seed away from all kinds of malicious advances.
How does MagicSeed work?
Using the MagicSeed dongle, you simply insert your 24 words backup seed phrase without needing any WiFi access.
The phrase can be anything ranging from your favorite song’s line, the name of your first teacher, or your mother’s maiden name. Using this phrase, MagicSeed generates a QR code that is linked to your secret key.
The QR code also doesn’t need to be hidden, since it is useless without the secret key. And through this QR code and the secret key, you can instantly get back your 24 words sequence and access to your crypto coins.
Backup Codes Are A Hassle:
Let’s be frank, storing and remembering the 24 words seed phrase is a pain in the backside. To begin with, the codes are incredibly hard to remember since they comprise of a nearly random list of 24 random words. Can you take a chance on remembering the whole phrase in case you happen to need it, for instance, on a trip to the other side of the world?
Backup Seed Phrase Is Hard To Store But Easy To Steal:
If the Seed Phrase method were actually so foolproof, we wouldn’t be losing $2.7 million from crypto exchanges each day due to thefts. And yet keeping these keys safe is incredibly cumbersome since you will need to protect the 24 words seed phrase in an iron safe or a hidden place.
Shift To MagicSeed To Resolve All These Problems:
The device offers a 100% offline encryption procedure, meaning your code is under no risk of getting hijacked online. Also, the 24 words long seed phrase is never stored on the device, meaning only you will ever know what you type into the device.
Other Salient MagicSeed Features:
No further lock required
Unlike the majority crypto holders who need to lock each handwritten seed phrase or a QR code in a safe, you simply need our device to get rid of all the hassle.
Multicurrency
The solution is applicable for multiple currencies that include Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar, and many more.
The project is looking to undergo an IndieGoGo crowdfunding campaign.
Easy to use
Setting up the device and managing the seeds will take less than 5 minutes.
Visit the Official MagicSeed Indiegogo page: https://igg.me/at/MagicSeed
To learn more about the device, please visit the website:
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