Quote from: GridPay on May 18, 2015, 12:14:49 AM

Quote from: RattleBalls on May 17, 2015, 11:43:03 PM

Road map looks cool. Can't wait to try the gatekeeper. How secure is the gatekeeper anyway?

Good question!

Information Security is an important topic, and we have taken security into account on multiple levels.

Cryptographic encryption from multiple layers starting on the client side using AES-256 encryption which is then transported through SSL to the server. Once on the server side, we operate through a distributed algorithm based on message passing interface that segments the private key amongst our dedicated hardware across multiple secure locations.
These locations are vaulted and guarded 24 hours a day, 365 days a year.

Finally, we have worked diligently in the private sector securing funding in exchange for implementing the GridPay protocol to their internal business accounting ledgers. With the funding received, we have an insurance fund that will jurisdictionally secure the integrity of the wallet. In short, we are able to insure the holding of clients GRID stored on the Gate Keeper in the event of major externalities disrupting our service, or part of our system is breached.

This fund will be an initial undisclosed amount of GRID purchased to fill our insurance fund. The purpose of the beta is to gauge the level of usage on the gate keeper, and give us an indication of how much GRID will be needed for this insurance fund.

No doubt they bought a large amount for the insurance fund that they don't plan on selling$$$