Answering questions about our new secure crypto app | Hacker News Reader

Answering questions about our new secure crypto app

9 pointsDerekRodriguez2 comments

Gridlock is a crypto wallet with unmatched security. Other storage options all have points of failure; whether it’s lack of control, stress of personal management or breakage to hardware. Gridlock has created a way to avoid these. Using Distributed Key Generation technology, a private key is split into pieces and distributed between a network of devices. These Guardian devices keep your crypto safe.

Ask your friends to install Gridlock and they can protect you from anywhere. Gridlock is free and merges excellent cryptography with a simple UI.

Your assets are safe in a non-custodial wallet that only you can access.

The app is free on IOS and Android: https://gridlock.page.link/oNWY

To learn more, check out our documentation: https://bit.ly/3m4PbhD

We are always free to chat on Discord! https://discord.gg/a5cMK5rZAG

Psst, we are also giving away $500 worth of Ethereum to celebrate our launch! https://bit.ly/3lWQ4bE

Maybe an update on the questions asked from your previous post?

https://news.ycombinator.com/item?id=26345537

In particular security audit and is the code open source?

Ha nice call!

Unfortunately we have not completed a satisfactory security audit. We engaged with one company, but I don't think they were worth their salt. The problem is that the "good" companies are much more expensive, so it's a consideration of the value of the security audit. (If you know of a reputable company that would like to audit for free though...)

The code is not yet open source, but we are primarily expanding on this open-source library. https://github.com/ZenGo-X/multi-party-ecdsa We still have plans to make it open-source eventually, but we haven't seen the demand, so it has so far not made it to the top of our to-do list. The way I see it, there are tons of crypto apps and programs out there that are closed-source, or worse, "open-source". People are using those apps today, and they don't offer the same distributed security that we do. So yea, perhaps not the answer people want to hear, but it's the best we have given our limited development bandwidth.

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