Unido uses a multi-level security model with minimum participation requirements. All wallets are protected using up-to-date asymmetric encryption, ensuring that no one except your has access to your wallets.
Significant time and effort has been taken to test the safety of the wallets, and safety features are constantly being added. One of the most effective safety features is the use of unique derivative keys which protect your wallet against all unauthorized access now and in the future.
Unido currently has support for Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash and Dogecoin. Our smart currency bridging system allows us to quickly add new currencies and we expect to add support for Ripple and EOS shortly.
Multi-signature can offer benefits in many ways:
Firstly, multi-signature can be used to assist with second-factor authentication and cold paper wallet storage.
Secondly, they can assist groups and companies in fairly governing their wallets by requiring each transaction get approved by a minimum amount of members.
The current maximum amount of members in a single wallet is 15. As our wallets are based on fundamental properties of mathematics, transactional operations on a wallet become exponentially more difficult as the number of signitories increases.
Unido wallets can be used to purchase products and services like any other wallet.
All users are advised to store their backup phrase in a safe location, and to choose a password with a helpful hint near their backup phrase. Any person with the backup phrase and the chosen password is able to recover their account on any device without loss of data.
The Unido server will retain full account information and history and will be able to re-issue the required keys for the wallets that user is a member of. These keys are stored using asymmetrical encryption on our server, which means that no system or user can decrypt and read your keys.
All created wallets are owned by their members and are recoverable externally to Unido by following the steps in opur technical recovery guide. For each wallet to be recovered, your group must gather currently issued keys to satisfy the number of required signatories for that wallet and then follow the Unido apocalyptic wallet recovery guide to secure the private key for that wallet and transfer all currency to a different blockchain wallet.
Unido EP consists of a server platform with a mobile application framework. The platform is installed and configured on a case by case basis - feel free to contact us for a demonstration and our team would be happy to set up a live demonstration for your business.