[NEWS BLOG] Israeli Startup Creates Offline Crypto Wallet with Online Connectivity

Israeli startup GK8 unveiled a cold-storage crypto wallet with on-network transfer capabilities, the company said.

GK8’s technology removes many of the dangers internet-accessible crypto wallets face – hacks, attacks, unexplained losses — while preserving their more convenient features, such as sending and receiving digital assets.

In an interview, GK8’s co-founder Lior Lamesh told CoinDesk that a “unidirectional connection” links its wallet directly to the blockchain, where it transfers assets as conventional wallets do. GK8’s one-way signaling does not itself operate on the internet.

GK8 says its techniques “bypass core assumptions related to cryptocurrency transfers and eliminate attack vectors to any asset transfer.”

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Posted Date: 2019-09-19
Source: https://www.coindesk.com/gk8-blockchain-wallet-offline


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