Jul 24, 2019
There are hundreds, if not thousands, of different wallets out there for all of the different digital assets, and managing multiple wallets for each of your currencies is difficult. We are creating a platform that will provide a powerful single point of interaction with the new economy while also building a dynamic bridge to the old economy to ensure nobody is left behind. This next generation digital wallet will be the backbone for our asset management and investment services platform. The Walleteum Wallet will allow us to aggregate people and transactions together in dynamic ways in order to increase liquidity and keep costs down for consumers. This infrastructure also allows us to create a universal mobile payment system for users who wish to transact in any currency, instantly breaking down barriers towards mass adoption in the industry. In this section we will outline the pieces of the Walleteum Platform that will make it the most user-friendly way of storing, buying and sharing cryptocurrency on the market.
Multi Signature P2PS (P2PS) Otherwise known as pay--to--Peer--Sign addresses require multiple private keys (SHA256) to transact. This technology is popularly referred to as “Multi-Signature Implementation.” This process eliminates single points of failure by ensuring all keys are stored on separate devices. If a malicious attack were to affect one point of entry the other point of entry would still be needed to gain access. The easiest way to understand P2PS is to compare it to a safe that requires two keys with a third key stored in a separate place in case one of the keys is lost.
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