I think i can transfer all the the tokens and eth if the team expose their pvt key. Cause i will use iamtoken app to import the pvt key... ah ok they may have a password, but but its like BIP41 of bitcoin concept which ask for password if you punch in the pvt. key. I am wondering now what will Decentralised 2 FA means, normally in 2FA the App provider generate a number correnponding to the user details in the site which support 2FA, the timer is 30 secs. Therefore in D2FA the Blue team will generate a 2FA while creating Wallet or invoke 2FA in blue wallet, i am wondering how will IMTOken app react when i punch pvt key which is attached to my pvt key, omg God yes the Blue team has created something unique if it ask for password on punching pvt key.. I think this is an already existing features in bitcoin if you use BIP41 or Pvt Key with Passwords in Ethereum Network... I am still confused what do they really mean by D2fa, lets see what happens once it launch, hope its something unique and not like what i have explain above.
Topic: [ANN] Blue Protocol (altcoin) is going to post their private keys soon!! WOW!! (Read 169 times)
May 31, 2018, 11:30:44 AM
May 29, 2018, 09:12:24 AM
I don't think many people appreciate how big this is going to be.
For anyone who doesn't know, the Blue Protocol team have developed decentralised 2-Factor Authentication (the first people to do so).
To test the security of their D2FA, they are going to post the private key to a wallet which contains funds. First person to get into the wallet takes the funds.
If no-one can access the funds then it means ETH and ERC20 holders have a secure way of storing their funds, even if their private key is compromised.
This will save potentially hundreds of millions of dollars worth of crypto being stolen each year through malware, phishing, fake exchange sites etc.
For anyone who doesn't know, the Blue Protocol team have developed decentralised 2-Factor Authentication (the first people to do so).
To test the security of their D2FA, they are going to post the private key to a wallet which contains funds. First person to get into the wallet takes the funds.
If no-one can access the funds then it means ETH and ERC20 holders have a secure way of storing their funds, even if their private key is compromised.
This will save potentially hundreds of millions of dollars worth of crypto being stolen each year through malware, phishing, fake exchange sites etc.
May 28, 2018, 11:14:47 PM
I am going to hack it. I know the secret password already.... UniQuave1234 
May 28, 2018, 09:48:23 PM
PRIVATE KEY ANNOUNCEMENT: https://twitter.com/Blue_Protocol/status/1000910702771605504
This Altcoin is going to test the power of the cryptocurrency world. SECURITY is the main focus of this team.
Website – https://www.blueprotocol.com/
Everyone needs to spread awareness. This dev is going to post their private keys to test the securities of their wallet
$BLUE is the name of the coin.
WHITEPAPER - https://www.blueprotocol.com/whitepaper.pdf
Frost Wallet secured by the Blue Protocol
https://t.co/lXa2hmrVRD
Blue Protocol - Community Update, May 27, 2018
https://t.co/DU81Btt5lF
This Altcoin is going to test the power of the cryptocurrency world. SECURITY is the main focus of this team.
Website – https://www.blueprotocol.com/
Everyone needs to spread awareness. This dev is going to post their private keys to test the securities of their wallet
$BLUE is the name of the coin.
WHITEPAPER - https://www.blueprotocol.com/whitepaper.pdf
Frost Wallet secured by the Blue Protocol
https://t.co/lXa2hmrVRD
Blue Protocol - Community Update, May 27, 2018
https://t.co/DU81Btt5lF
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