Pitch for Gridlock
Company / App Name: Gridlock
What does it do?
Gridlock is a free crypto wallet which uses advanced cryptography to split private keys into 5 and distribute them between you, us and 2 Guardians of your choice. We take all the positives of traditional storage and mitigate the negatives.
Why do we need it?
Current storage methods all have single points of failure, from liability of crypto exchanges to risk of damage to hardware, leading to your assets being vulnerable. We remove these risks with a free, easy-to-use app which anyone can use.
Who is it for?
Gridlock is for anyone who needs easy and secure storage of their crypto assets. People who use traditional storage can discover the benefits we offer over their current method, while newcomers can be assured their assets are safe.
What makes it stand out from the crowd?
Gridlock’s use of Distributed Key Generation and Trusted Execution Environments means that our security is unbeaten. We also have a revolutionary method of key generation if you get locked out of your vault, called Fading Security.
We currently have Ethereum supported but are working on implementing more cryptos and storage for NFTs. In the long term, we aim to have the capability to buy and sell crypto like an exchange.