GateChain’s Creative Solution to Unexpected Online Assets Loss
With the upcoming launch of GateChain main net, we are extremely excited to introduce you a revolutionary public block chain that will give you a risk-free experience when facing unforeseen digital asset theft。
Basically, GateChain can acts as a 24 hour custodian for your digital funds. Whenever there is something unusual that happens to your account, GateChain will be able to monitor it immediately and send alert to you by text message，email or phone call。Therefore you can make the move to minimize the negative consequences by signing a redemption or anything else before it’s too late.
By a portfolio of cartoons that follows, we will show you a real-life scenario of what GateChain can do to guarantee your digital asset security.
1.User Mr.G uses a private-key account to save funds and do daily trading and digital asset management.
1.Mr. G chooses approved trading platforms or reputable organization as insurance platform (Support Centralized/ Decentralized organizations), which offers the third party fund insurance service. In this case, trading platform Gate.io or wallet service Wallet.io acts as the insurance platform.
3.One day,Hacker invaded Mr.G’s computer and obtained his private key, starting to transfer all funds to hacker’s private key account.
4. Gate.io acting as an insurance company monitors the fund change in Mr.G’s account through Blockchain Data monitoring and keeps sending urgent alert to Mr. G by email/SMS/Phone call.
5.Mr.G received the alert and the related query immediately, finding out his funds were stolen . Then he signs authorized redemption with his private key.
6.The stolen fund are redeemed immediately to Gate.io. Mr.G could transfer to his new secure account anytime from Insurance platform.
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