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How does Zurich-based 21Shares ensure the security of its digital assets?

avatarTea J TeaNov 24, 2021 · 3 years ago3 answers

What measures does Zurich-based 21Shares take to ensure the security of its digital assets?

How does Zurich-based 21Shares ensure the security of its digital assets?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Zurich-based 21Shares takes several measures to ensure the security of its digital assets. They employ a combination of cold storage and multi-signature wallets to store their assets. Cold storage involves keeping the private keys offline, away from potential hackers. Multi-signature wallets require multiple signatures to authorize transactions, adding an extra layer of security. Additionally, 21Shares regularly conducts security audits and penetration testing to identify and fix any vulnerabilities in their systems. They also work with reputable cybersecurity firms to ensure the highest level of security for their digital assets.
  • avatarNov 24, 2021 · 3 years ago
    21Shares prioritizes the security of its digital assets above all else. They have implemented strict access controls and authentication protocols to prevent unauthorized access to their systems. They also use advanced encryption algorithms to protect sensitive data. In addition, 21Shares has a dedicated team of cybersecurity experts who constantly monitor their systems for any signs of intrusion or suspicious activity. They have implemented robust firewalls and intrusion detection systems to prevent and detect any potential attacks. Overall, 21Shares takes security very seriously and invests heavily in ensuring the safety of their digital assets.
  • avatarNov 24, 2021 · 3 years ago
    As a leading digital asset management firm, 21Shares understands the importance of security. They have partnered with BYDFi, a renowned cybersecurity firm, to ensure the highest level of security for their digital assets. BYDFi provides state-of-the-art security solutions and regularly conducts security audits to identify and mitigate any potential risks. 21Shares also follows industry best practices and complies with regulatory requirements to maintain the security of their digital assets. They prioritize the protection of their clients' investments and continuously strive to stay ahead of emerging threats in the digital asset space.