Vault12 (VGT)

Vault12 dapp is decentralized custody for cryptocurrency.

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What is Vault12

Vaults containing Vault12 user’s cryptocurrency are assigned to trusted people or devices, known as Guardians. The Guardians can be adjusted as needed in real-time so that the appropriate number are always guarding your cryptocurrency assets.

No one can access Vault12 user’s cryptocurrencies and only the user can get access when he needs it. Everything is secured using a powerful cryptographic algorithm known as Shamir’s Secret Sharing, which, according to Vault12, is so secure that not even an attack via a quantum computer can unlock user assets.

Once encrypted the resulting shards are stored in a mesh information storage (MIST) network of trusted people and devices, known as Guardians.