Document last updated: March 21st, 2023.
Grafene is a blockchain-based 2FA (two-factor authentication) crypto wallet. It aims to enhance the security of your digital assets using the most advanced on-chain two-factor authentication technology. For more details, please visit the official website: https://grafene.com/
Triple-Layered Security: Grafene is designed differently from conventional crypto wallets, which typically employ a single contract to secure assets on the blockchain. Instead, Grafene comprises three separate contracts, each requiring its unique mnemonic phrase. This combination results in on-chain two-factor authentication, delivering unparalleled security on the blockchain.
Blockchain-based 2FA: Grafene marks the first instance of 2FA being directly integrated into the blockchain, setting new standards for security guarantees. This means that even if malicious actors obtain your private key, they still can't access your funds.
No Hardware Required: While hardware wallets offer security by storing private keys offline, they are still vulnerable to private key compromises. Grafene, however, provides superior protection without the need for costly hardware.
Grafene was announced publicly at the 2022 Dubai Crypto Expo. To demonstrate the robustness of our on-chain 2FA technology, we offered a $100,000 challenge and publicly shared one of the seed phrases for the wallet. Many months later, despite numerous attempts, no one has succeeded in accessing the funds in the wallet.
Grafene is still under development, with contracts being updated and tested. Upon completion, at least one professional security company will be contracted to conduct a comprehensive security audit.
Grafene is set to become an integral part of our ecosystem and will utilize FEG (the new token) as its governance to activate the smart contract each wallet operates on.
Pricing for Grafene has not been finalized. However, a proposal for a one-time fee of $50 to create the wallet is on the table. This fee would then be funneled back into the ecosystem.