FAQ

The crypto industry are facing uncertainty in the area of security and regulation

The hacking problem of cryptocurrency assets

Private keys for cryptocurrency wallets are continually being hacked, resulting in people losing their digital assets.

Losing access to cryptocurrency wallets

Due to loss of memory of private-keys or loss of hardware wallets, people lose their crypto wallets.

The loss of anonymity of cryptocurrency account holders

Governments are able to track your funds, and they are doing great efforts to identify all cryptocurrency holders for tax purposes.

Solutions

Digitlbank is developing a Offshore e-banking system that is totally of the grid

The DigitalBank is the first Decentralized Offshore Banking System in the World and the only real solution to full banking anonymity. We are developing a device that in essence is impenetrable due to the fact that it can't store any private keys, has no ports nor any backdoors. Our hardware wallet will be 100% hacking proof because it is based on advanced biometrical security measures like face, voice and fingerprint recognition. Despite having no private key stored on the device we guarantee lifetime access, also if you have lost your possession of the hardware wallet.

We will develop a new personalized Digital Identity for you that will be based on multiple biometrical factors, that we call "Digital DNA". Photon-based quantum encryption of the device by the DigitalBank will be the key to stop foreign intrusions and hostile hackings into your account. The DigitalBank is the safest solution for Bitcoin and Cryptocurrency investors to legally have custodianship in an offshore tax haven system. The technology of the DigitalBank is the final financial solution for the public to store their digital assets and manage them conveniently on a simple intuitive interface.

The DigitalBank Device

What is the function of the DigitalBank device?

The DigitalBank Photon Encrypted Ledger Key​, ​is your Cryptocurrency Vault and hacking free offshore bank account. This is not just a simple hardware wallet, this is a fully working cryptocurrency account, from where you can manage your crypto investments, crypto transactions, crypto exchanges, crypto trading, crypto to cash withdrawals, and many other banking functions that no other offshore bank can provide you today.

Why can't it be Hacked?

Very simple answer: The private key is never stored on the device, and The Private Key Is Never Transmitted From The Device.

So, how do transactions take place? The first time you access the device, it creates from your biometrical data (face, fingertips, voice and hand signature gesture) a UDI ( Unique Digital Identity). This is your access method from now on so that you do not need to remember any username, password, etc... During the first time you access the device, the algorithm takes the private key and cut it in 4 pieces, each piece is encrypted within one of your biometrical data.  At this moment, the private key is not available anymore, its 'engraved' within your UDI (Unique Digital Identity).

How does the technical part work?

Now, the moment you need to execute a transaction, and the private key is needed, the system 'regenerates' your private key from within your UDI, for a fraction of a second for 'signing' the transaction, while the system is disconnected from the net , then the private key disappears again, the transactions are signed an approved, and the device connects itself to the internet for transmitting transaction approvals to the blockchain. So, there is nothing to hack at any given time. The private key is not transmitted or stored on the device, the only thing transmitted over WiFi is the finalized transactions, that just detail, without any valuable information within them. The DigitalBank is unhackable and it's in fact the most secure way to transfer cryptocurrencies and also financial assets. In those regards we have cooperated with a Swiss bank and we are continuing to contact banks, to cooperate with and integrate FIAT accounts into the DigitalBank platform.

The DigitalBank encryption technology will be the new standard for 100% secured banking.

The Ecosystem

How does the ecosystem work?

The DigitalBank works as a full banking platform on the blockchain that is a 100% hacking proof platform. We are developing a smartphone like hardware wallet that is encrypted by state of the art quantum encryption.

You see, hackers target your private keys, in order to get hold of your digital assets. Online Wallets (as well as wallets on Crypto Exchanges) and Hardware Wallets, are storing your private keys in their system in order to execute transactions with your crypto funds. The moment the hackers gets into those platforms they can extract your private keys, and transfer funds to their accounts. So, the first step we have to take is to 'isolate' our device.

How is our device more secure than others?

Which is why the DigitalBank platform won't manage or store your crypto assets on a smartphone, nor a Tablet or a PC, rather a seperate device that will look like a thin smartphone.

What is regarding the contrast between a hardware wallet and the photonkey these are the differentiating factors:

1. The Ledger's encryption is 100% unbreakable, based on the most advanced Photon and Quantum Encryption methods,

2. This is actually your bank account, fully managed by you, and included is a built-in crypto exchange, crypto transfer services, merchant and auto trading services, VISA debit card (physical / NFC), ATMs connections, and many more offshore financial services. DigitalBank is backed by a groundbreaking Photon encrypted customer identity verification system​, that guarantees your lifetime access and that verifies customer data without ever sharing it with any network.

How will you benefit from Digitalbanks services?

DigitalBank ensures that your user data always is in your own hands, safe, secure and completely decentralized from any outside authority (off the grid). DigitalBank software will make sure that the user is fully anonymouse, the user (the buyer of the Photon Key Ledger) is given a full offshore banking system - full access to the bank services, without any personal information to be filled, at any given time. The banking system will know that you are yourself (by a allocated number), but not who you really are.

The DigitalBank Device

What is the function of the DigitalBank device?

The DigitalBank Photon Encrypted Ledger Key​, ​is your Cryptocurrency Vault and hacking free offshore bank account. This is not just a simple hardware wallet, this is a fully working cryptocurrency account, from where you can manage your crypto investments, crypto transactions, crypto exchanges, crypto trading, crypto to cash withdrawals, and many other banking functions that no other offshore bank can provide you today.

Why can't it be Hacked?

Very simple answer: The private key is never stored on the device, and The Private Key Is Never Transmitted From The Device.

So, how do transactions take place? The first time you access the device, it creates from your biometrical data (face, fingertips, voice and hand signature gesture) a UDI ( Unique Digital Identity). This is your access method from now on so that you do not need to remember any username, password, etc... During the first time you access the device, the algorithm takes the private key and cut it in 4 pieces, each piece is encrypted within one of your biometrical data.  At this moment, the private key is not available anymore, its 'engraved' within your UDI (Unique Digital Identity).

How does the technical part work?

Now, the moment you need to execute a transaction, and the private key is needed, the system 'regenerates' your private key from within your UDI, for a fraction of a second for 'signing' the transaction, while the system is disconnected from the net , then the private key disappears again, the transactions are signed an approved, and the device connects itself to the internet for transmitting transaction approvals to the blockchain. So, there is nothing to hack at any given time. The private key is not transmitted or stored on the device, the only thing transmitted over WiFi is the finalized transactions, that just detail, without any valuable information within them. The DigitalBank is unhackable and it's in fact the most secure way to transfer cryptocurrencies and also financial assets. In those regards we have cooperated with a Swiss bank and we are continuing to contact banks, to cooperate with and integrate FIAT accounts into the DigitalBank platform.

The DigitalBank encryption technology will be the new standard for 100% secured banking.