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Serenity Shield: A Comprehensive Security System for Safeguarding Access to Digital Assets

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Investing within the crypto area is rising as probably the most trendy means for wealth to flourish.

Serenity Shield was created to supply a complete resolution to safeguard your digital belongings in sudden occasions resembling a misplaced pockets seed or secret phrase, private tragedy, or dying.

The international digital asset market is at the moment experiencing explosive progress as tens of millions of individuals have adopted cryptocurrency utilization worldwide and the wave is estimated to proceed rising.

Of course, the extra buyers’ curiosity in digital belongings, the extra cryptocurrency crime will increase. According to a report, scams have eaten up as a lot as $14B USD price of crypto belongings stolen 2021.

What Is Serenity Shield?

Billions of {dollars} sitting in chilly wallets are misplaced yearly on account of dangerous technique within the occasion of dying or accident of asset holders. If this situation isn’t resolved, it could actually result in disastrous penalties.

It is simple to see that digital belongings can convey you immense alternatives, however in addition they have their dangers.

As such, managing these dangers is likely one of the vital issues that buyers have to be involved about when collaborating on this scorching business.

With Serenity Shield’s resolution, your investments in digital belongings will carry over to the recipient of your alternative and won’t be completely misplaced on account of premature demise.

It is blockchain’s first decentralized identification (DID) expertise resolution which empowers your family members to get better your digital belongings in case of a life accident or sudden demise.

So, what’s Serenity Shield’s resolution?

The Solution!

Digital belongings are usually secured in varied methods starting from paper, software program, and {hardware} choices to accounts on centralized exchanges.

However, these conventional approaches usually undergo from vital disadvantages and safety vulnerabilities that will lead your belongings to grow to be completely locked or inaccessible.

As centralized alternate accounts go away customers with out direct possession of their funds, this forces customers to belief a centralized storage vendor with the custodianship of their worthwhile digital belongings.

Serenity Shield solves this drawback by offering an encrypted and absolutely decentralized resolution for passing on belongings to an inheritor in case of a private tragedy or unintentional dying.

The New Way to Access Digital Assets

Serenity Shield empowers its customers to say full possession and autonomy over their digital belongings, and presents a novel resolution additionally provides a layer of peace of thoughts.

Built on blockchain tech, Serenity Shield leverages the immutable safety of good contracts which include a professionally designed, user-facing frontend Decentralized App (DApp).

All your delicate data will likely be saved in a digital secure referred to as a ‘StrongBox’, which is owned by solely you and is saved within the highest safety.

DID Does it Better

The Decentralized Identity (DID) expertise is used for person login and non-fungible token (NFT) Keys are used to activate the ‘StrongBox’ operate.

This strategy will permit the end-user to set, retailer, and save their distinctive crypto login credentials in a single secure place.

Users can set up their transferrable Heritage plan for designated recipients or beneficiaries. In addition, they will additionally guarantee seed phrase and digital key safety on the blockchain.

A customized Secret Network pockets constructed on prime of the Web3Auth platform, Serenity Wallet, will deal with authentication.

This will provide decentralized multi-factor authentication mechanisms, permitting customers entry to safe authentication programs referred to as Single Sign-On (SSO) for social networks, passwordless flows, or biometric gadgets.

With the Secret Network and Serenity Wallet, the platform creates a zero custody resolution in order that you’ll stay the only proprietor of your credentials always.

A Better Way to Stay Safe

The Secret Network is the blockchain on which the primary good contracts are written. It will provide the safety, transparency, and privateness options required by Serenity Shield.

Besides, privateness and security measures are additionally assured, as a result of good contract transactions are despatched in encrypted kind from the consumer to the validating node which runs in a protected {hardware} setting.

The Serenity Shield platform will retailer an proprietor’s ‘strongbox’ through the use of a mix of the sturdy encryption algorithm Shamir’s Secret Sharing (SSS) and the Non-Fungible Token (NFT) customary.

Each strongbox will bear encryption and be become 3 digital keys (NFTs) and would require 2 keys to decrypt the strongbox.

This encryption course of is carried out within the consumer’s browser to keep away from transmitting delicate data in plain textual content via public channels.

Each of the three strongbox keys will likely be saved in a special NFT and transferred to the Owner, Vault of Serenity, and Designated Heir, respectively.

In this fashion, not one of the 3 NFT holders can crack all the strongbox as a result of they should have 2 digital keys to take action.

The Activation Policies will then be set. The Activation Policies are the settings that the Owner configures when creating the strongbox.

They will likely be an extensible module designed to detect intervals of inactivity for the account proprietor by implementing a mix of strategies resembling studying transactions from the blockchain, requesting a notification response, or authentication via the Serenity Shield DApp.

How A Strongbox Works

As a easy and user-friendly DApp, you’ll be able to login and create a brand new or amend an current StrongBox account from anyplace on the planet.

The end-user can use this method to revive their information in case of lack of entry to their delicate data in addition to switch the possession of this data to particular customers, resembling heirs, within the case of an accident or dying of the person.

During these processes, all delicate data may have undergone a sturdy encryption course of that successfully splits the delicate data into three distinctive NFTs Keys.

Two Keys of them are then distributed to the account holder and their inheritor respectively. The relaxation is locked throughout the Serenity Shield good contract.

As mentioned, all authentication processes will likely be dealt with by Serenity Wallet. As a end result, it may be seen that Serenity Shield’s zero custody resolution is complete safety to your digital belongings.

Serenity Shield Token

$SERSH is the Serenity Shield native token, it’s used to entry delicate data from a person’s ‘StrongBox’.

It is a deflationary SPL token that works on the Solana community, due to this fact, it advantages from low gasoline charges and excessive community speeds.

Stay Safer With Serenity Shield

As the adoption of cryptocurrency continues rising, Serenity Shield is a complete, decentralized resolution for making certain the safe switch of delicate data in response to your needs.

The platform has a safe DApp to safeguard your crypto belongings in unexpecting occasions.

Also, the DApp is designed as an easy-to-use expertise as any Web 2.0 software, resembling Facebook or Twitter, however your delicate data will likely be protected in order that solely you or your inheritor can entry them.

Thanks to SSS, any assault will likely be cryptographically thwarted. Crypto crimes won’t be able to revive delicate data by themselves, even when they kind a bunch to carry out a collision assault.

Penetration and vulnerability detection checks will likely be carried out on the web site and DApp to confirm the integrity of all Serenity Shield services and products.

There’s additionally a Bug Bounty Reward Program to encourage white hat attackers to seek for bugs or vulnerabilities to enhance the safety of the challenge.

If you’re a crypto investor and are searching for an answer to guard your digital belongings, Serenity Shield could also be a complete safety system for you!

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