Draupnir is more then a technology, it is a paradigm shift that originated from an industry-wide problem…
What should be done with the Private Key?
Cryptocurrency adoption has been slowed by security concerns and the complexity of Private Key management. Current solutions, like physical seed phrases and cold storage, carry significant risks and challenges for both institutional and individual users. With out a secure and scaleable method for managing Private Keys, widespread cryptocurrency adoption remains out of reach.
The Solution
Draupnir solves the challenges of cryptocurrency security with its proprietary Proxy Private Key (PPK) technology. The Private key is generated through algorithmic “Digital Forge” process, with the Proxy Private Key serving as an artifact of this process. The Private Key is only regenerated when signing transactions, securely within volatile memory, offering an advanced yet user-friendly approach to managing digital assets. This eliminates the need for traditional private key storage, ensuring the key is never fully revealed or stored in any single location, greatly reducing security risks.
Draupnir’s system integrates seamlessly with existing two-factor authentication methods ( ” something you have, and something you know”), including the use of a physical object encoded with the Proxy Private Key and pin based authentication. By combining robust security with ease of use, Draupnir Paves the way for broader cryptocurrency adoption across various industries.
Why Draupnir ?
As the cryptocurrency landscape evolves, the demand for secure and scaleable solutions to protect digital assets continues to grow. With over $2 trillion in digital assets circulating globally, institutions are seeking safe and reliable ways to engage in this new financial ecosystem. Draupnir’s patented Proxy Private Key technology provides a unique and proven approach to securing cryptocurrency transactions by eliminating the need for traditional private key storage. This innovation positions Draupnir as the ideal partner for financial institutions looking to enter the cryptocurrency space with confidence and efficiency.
Ready to Join us on this journey? Contact us today.