Whalevault keeps the keys in local storage only. The code is open source and anyone can access.
The dev is also friendly and supportive and known by everyone here
Thanks
RE: Cryptos up including BLURT, and I just hit 700000 BP
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Cryptos up including BLURT, and I just hit 700000 BP
Thanks for the info. As someone who knows nothing about coding or software, I have trouble understanding security issues sometimes.
For example, if the private keys are only stored locally, how does the 3rd party frontend determine that they are legitimate? Does Whalevault check with the blockchain to verify them, and then simply tell the 3rd party "the private key is legitimate"? Or does the 3rd party get access to the keys and do that determination?
Also, if keys are stored locally, isn't that just one more place that the keys are being kept, for a potential security breech? How do we know that hackers can't get into Whalevault?
It's good that the developer is trusted here, that helps a lot.
Hahaha you ask a lot of questions.
If the keys are wrong the transaction will be rejected by the blockchain, so no need to check.
They are stored simply in the browsers storage, unless someone have direct access to your system, nothing can be breached.