Sofia Neumayer
18 May 2021 / 5 Min Read
According to a NodeVenture representative, since 2018, over USD 7 billion have been lost to theft, hacks and fraud because of a lack of specialised technical know-how. Access to NodeVenture’s virtual safe is regulated by a ‘private key’ with a length between 26 and 35 characters. The private key is stored offline on a cryptographic module in a high-security data center. The owner of the cryptocurrency only gets the public key.
Once registration is complete, digital assets can be transferred to the wallet. The relevant information of each transaction is shared between the online and offline systems using patented air gap technology, meaning that transactions can be commissioned online at any time and signed offline with the private key at the same time. NodeVenture currently has two contracts with financial service providers and is in a test phase with anAustrian bank.
Sofia Neumayer
18 May 2021 / 5 Min Read
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright