Bitcoin universal wallets, other cryptocurrencies and crypto actives store the private keys needed to access and spend the balances registered in a public address or key in the corresponding blockchain. There are currently several types of crypto money portfolios, including Monarch Token, a universal crypto wallet.
What does the Monarch Security Token grant me?
50% dividends distributed to MTS Holders and 1-to-1 airdrop of Monarch Utility Tokens (MT) after Token Events.
With Monarch Token you can also exchange Silver tokens, which are digital silver-backed tokens that use the Ethereum blockchain, allowing users to invest and make transactions with physical silver.
All silver tokens are fully exchangeable for the silver they represent.
Software can be installed in computers or mobile devices and serve as an interface to visualize balances in the addresses that the user has and to mobilize the money in them. They can generate a new seed or use a previously created backup, as well as allow the activation of extra code or key, at the software level, for money mobilization.
Monarch Token eliminates the problem of unavailability of money (unless the device is damaged or not available with the software nearby) and transfers full responsibility for security to the user, who must keep his device free of viruses, refraining from entering insecure pages, connecting to free Wi-Fi networks, and inserting any unknown peripherals into the system.
ESSENTIAL FEATURES OF MONARCH TOKEN
- Control over money. - Monarch Token can allow individual management (only the user owns the private keys), joint management (the owner and the company own private keys), or by a third party (the company owns the private keys) of the money stored in them.
Depending on the control over the management of the money chosen and the recurring payments received, it increases or decreases the user's responsibility and control and the security of the funds in the portfolio.
2. Validation. - Monarch Token can be used to validate transactions performed, full validation (full node, downloads the entire block chain), simplified validation (single node, only downloads block hashes), or centralized validation (full third-party node).
Based on the type of validation used by the purse, a third party must or must not be trusted to perform the correct validation of the transactions performed.
3. Transparency. - Monarch Token can be fully transparent (the application code can be audited and verified by the user), transparent (the code can be audited but cannot be verified by the user), or not at all transparent (the application code is closed, and the application runs remotely).
4. Monarch Token can be installed in vulnerable environments (virus-prone) with or without two-step authentication, secure environments (such as cell phones where applications are isolated), and highly secure environments (such as physical wallets of crypto coins, gadgets).
Given the type of environment used, the user will need to activate mechanisms such as two-step authentication and place complex passwords on their portfolios and devices to prevent the loss or theft of funds.
5. Monarch Token may or may not disclose user information to network nodes (such as IP address), may or may not reuse portfolio addresses with recurring payment, and may or may not permit the use of the browser to prevent other persons or companies from associating transactions with the user's IP address.
Depending on the type of privacy that the portfolio provides, the user should be more or less attentive to the information it reveals to the network.
Visit MonarchToken Website: https://monarchtoken.io/
Original Article was posted on our blog: https://btcupload.com/bitcoin-news-blog/humena-launches-revolutionary-ico-backed-by-unified-crypto-ecosystem-that-will-enable-the-safe-transparent-easy-use-of-tokens-in-any-ico-platform