Why does Imota introduce the Multi-Layer Security Key solution?
At Imota, we're committed to driving the adoption of Blockchain technology by leveraging the latest advancements. Digital wallets, including Crypto wallets and Web3 wallets, are the backbone of the Blockchain industry. Yet, they also act as a barrier to the mass adoption of Blockchain. The current 12-word seed phrase system used in web3 wallets is both risky and inconvenient, as users risk permanently losing their digital assets if they forget the phrase. Additionally, the 12-word seed phrase is uncommon to most mainstream users. This falls far from the convenience that Web3 projects promise, and we're determined to change that with our MLS key solution.
At Imota, we believe that security should never come at the expense of convenience. That's why we've developed the Multi-Layer Security Key (MLS key) - a disruptive solution that further enhances security without compromising on user experience.
Our MLS key is the result of over six months of research, design, and testing, with one goal in mind - to deliver a smart contract wallet that satisfies three crucial requirements:
- Top-tier security.
- True self-custodianship.
- A User-friendly login flow.
When you create an MLS key through our Imota wallet, you're in control. You create a private key locally and split it into three shares, with two of those shares required to access your private key.
1/ One share is stored on your device
2/ Another share is kept on our secure Imota network, protected by your login credentials.
3/ and the third share is encrypted and you have 2 options: to keep by your own, or delegate it to Imota’s trusted Amazon service to protect it for you.
With our MLS key, you can be confident that your digital assets and transactions are safe and secure, protected from hackers and bad actors. Plus, you will further enhance your asset security with a 2FA setup in your Gmail or Apple account.
At Imota, we're committed to providing the ultimate Web3 experience. With our MLS key, you and the next million Web3 users get the best of both worlds - top-tier security, true self-custodianship of Blockchain advancements and a familiar log-in experience.
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