March 28, 2024

Magic Seed is a device that encrypts your seed phrase.Cryptocurrency Startups KickStarter & Indiegogo

We live in the age of rapid development of digital technologies, and you have probably heard about such platforms,like Kickstrater and Indiegogo. Here, dozens of people share their fresh ideas with the world, offering to make it a little better. In our new section, we have collected the most interesting products in the field of cryptocurrencies, which are several years ahead of time and show what our future can be. Our goal is to help you, dear viewers, get acquainted with the presentations of such projects and draw your own conclusions about their feasibility and viability.

Investing in cryptocurrency is alwaysexciting, but also frightening. You never know what will happen to the course tomorrow. Or perhaps the cryptocurrency will be stolen entirely by criminals. Especially when it comes to old cryptocurrency wallets protected by “rusty” security protocols.

However, with the development of data protection methods,the so-called Seed-phrases appeared, which are the seed when generating pseudo-random numbers. They served as the basis for the creation of MagicSeed - a device that generates a set of randomly selected words, with the help of which you can restore access to cryptocurrency wallets popular today.

The very concept of the MagicSeed project is very simple -this is the encryption of a phrase up to 24 words long with one word (or a password, whatever), which the user can easily remember without aids, be it a piece of paper or notes on a smartphone. Thus, access to the passphrase is possible only with the knowledge of the codeword and having the device itself in hand. As you might guess, all of this significantly complicates the life of scammers trying to steal your cryptocurrency wallet.

Another important difference from other crypto walletsis that Magicseed works without an internet connection. Accordingly, attackers will not be able to hack the wallet remotely. Just a fairy tale, not an invention!

In the meantime, we were talking here, we invite you to get acquainted with the presentation of the project itself. Throw in a like in advance and let's see what the developers themselves have to say about this startup.