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Coinbase Prints Investors’ Private Keys in Remote Faraday Tent

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Fri, 31/08/2018 - 16:11
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Coinbase Prints Investors’ Private Keys in Remote Faraday Tent
Cover image via U.Today
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Every major exchange keeps almost all of its funds in a cold storage to protect customers’ money from hackers. However, Coinbase takes these security precautions a tad further by reportedly printing private keys in a remote Faraday tent that eliminates the possibility of hackers intercepting electromagnetic signals.

The tent, where the whole ritual takes place, is erected in a randomly chosen place. It contains two laptops picked by a coin toss– a Linux-based laptop transfers the key to a MacBook that is used for printing. Once the procedure is over, these laptops are physically destroyed to make sure that none of the data leaks.
 

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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