John Mcafee’s ‘unhackable’ wallet Bitfi Knox supports Monero
John McAfee introduced one of his own – Bitfi Wallet recently. He even claimed the wallet to be “truly the world’s first unhackable device” that features end-to-end security with no potential risk or loss. The wallet supports major cryptocurrencies including Monero.
British-American Cybersecurity pioneer John McAfee tweeted on Tuesday that he’ll give anyone a $100,000 bounty if they can hack his “unhackable” cryptocurrency wallet. The wallet uses a certain mathematical algorithm that generate the private key which exists only for a fraction of a second. Once the transaction is accepted then the key will disappear forever.
McAfee partnered with hardware wallet company Bitfi last month to launch the first “truly unhackable and open-source crypto-wallet.” According to sources, private keys are stored securely in a hardware device in hardware wallets.
McAfee tweeted challenging,
“For all you naysayers who claim that “nothing is unhackable” & who don’t believe that my Bitfi wallet is truly the world’s first unhackable device, a $100,000 bounty goes to anyone who can hack it. Money talks, bullshit walks.”
For all you naysayers who claim that “nothing is unhackable” & who don’t believe that my Bitfi wallet is truly the world’s first unhackable device, a $100,000 bounty goes to anyone who can hack it. Money talks, bullshit walks. Details on https://t.co/ATFaxwUzQC
— John McAfee (@officialmcafee) July 24, 2018
The Bitfi firm posted on their website about the contest, “This bounty program is not intended to help Bitfi to identify security vulnerabilities since we already claim that our security is absolute and that the wallet cannot be hacked or penetrated by outside attacks.”
Bitfi Wallet is highly secure and has been developed to keep all potential threats and losses at bay. Bitfi explained that its secured Bitfi wallet “is controlled and backed-up using a single secret phrase which gives users the option to commit the phrase to memory without the need to write anything down”.
If a user’s wallet is lost or stolen or even if Bitfi is no longer in business, “you can easily recover your funds using our open-source code”.
Daniel Khesin, co-founder of Bitfi stated,
“The Bitfi Knox wallet is the result of experiments with the most advanced circuit topologies, components, and materials derived from the state-of-the-art theory and practice in many fields. It is the result, of our strenuous commitment and single-minded dedication to advancing the universal adoption of the decentralized digital asset economy in everyday life, for everyone.”
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