© 2019    VeenPool Technologies LTD, United Kingdom.

BUILD A SECURE WALLET

  • Build Light-Weight, Highly-Secure, Easy to Use Wallets for Coins, Tokens and Tokenized Digital Assets

  • Manage Assets stored on Multiple Chains

  • Custody Wallets and Trustless Solutions: Hardware Wallets, Hot & Cold Storage, MultiSig Addresses. 

  • Secure Login systems: Military Grade Encryption, 2FA, 3FA, ECDCS 

"Build Light-Weight, Highly-Secure, Easy to Use Wallets to facilitate secure on-the-chain transactions."

What is a Wallet?

A Blockchain or Cryptocurrency Wallet is a file which stores a Public Key and Private Key.

These Keys are needed to validate a Digital Signature on a Blockchain network in order to deem a transaction valid.

A Wallet authorizes a user to send and receive a cryptocurrency or token on a given Blockchain network.

Wallet Security Tools

Our VeenPool Encrypted Wallet system allows for safe, trust-less storage of Private Keys. 
Our custom built Cloud Wallet System use ECDCS and RSA Encryption for the safeguarding of Private Keys online. 

Our Custom VeenPool MultiSig Wallet System allows for the requirement of signatures of multiple people before the funds can be transferred.​​
VeenPool MultiSig Wallet System offers customizable options, including;

  • Optional security layers

  • Cloud, and Hardware Private Key Storage with additional security layers, i.e. Asymmetrically Encrypted Pass Phrases, Security Cards, Biometric authenticators

  • Tiered Fund storage e.g. Petty Cash Accounts, requiring 1/2 Signatures

  • Conditional withdrawals e.g. Time-conditions and multiparty withdrawals e.g. 2/2 SIgnatures, 2/3 Signatures

Our Custom VeenPool Hot and Cold Wallet System allows you to keep fund liquidity whilst maintaining account security.

Wallet Holder A transfers 1BTC to Wallet Holder B 
 

1

A controls 1BTC
A broadcasts a transaction via his Wallet on the ledger to B’s Wallet Address

2

Miners validate transaction against rules of the network
Valid transactions are stored into a Block and sealed in Hash code
(making the code immutable and irreversible)

 

Funds are now in control of B

Blockchain Transaction Process

The open source nature of public Blockchain networks makes a wallet akin to a Bank rather than a Bank account or Payment Gateway.
Types of Wallet

Paper Wallet (Offline)

  • Public and private keys are downloaded and printed on paper or similar
  • Keys can be stored in QR code form for ease of transfer.

  • The advantage of this is that keys are not stored on network-connected devices, making Paper Wallets immune to hacks.
     

Hardware Wallet (Offline):

  • Public and private keys are stored on a hardware device.

  • Private keys are protected by a microcontroller that ensures that the private key cannot be transferred out of the device in plaintext, making it spyware proof.

  • Hardware wallets can have added layers of security such as pin-codes, security cards, Biometric authenticators, or even inbuilt security protocol such as Hierarchical Deterministic Wallet Protocol (BIP44)

 

Soft Wallet (Offline/Online):
  • Public and private keys are downloaded and kept in the computer’s hard drive.

  • Allows for transfer of funds, accessible by wallet holder alone.

  • Frees the user of the risk of concentrated attacks such as against a large exchange with a large number of funds.
     

 3rd Party Wallet (Online):

  • Online wallets service hold the private keys on a centralized server or cloud server controlled by a wallet company.

  • This allows for enhanced utilities such as linking desktop, web and mobile wallets and remote access.

  •  Online wallets allow for the integration of 2FA, fingerprint sensors and face recognition which add security at the user level.

The open source nature of public Blockchain networks makes a wallet akin to a Bank rather than a Bank account or Payment Gateway.

Since a wallet can store a large amount of a person’s wealth it is extremely important to choose a suitable wallet system with adequate security settings..

  • Tested, Secure, Hosted Pool Solution

  • Intuitive User Interface and User Experience

  • Chose from Multiple Coins, Hashing algorithms, Compatible Systems

  • Choose from Multiple Pool Service specifications

  • HTTPS Interactivity

  • Choose from multiple Pay-Out systems

  • Marketable add-ons: Include Widgets, Affiliate Systems and Progressive Rewards systems.

INTERESTED IN BUILDING YOUR OWN POOL?