Distributed storage is better
Traditional wallets have a single point of failure. Gridlock does not.
The wrong ways to store crypto
Bad Option #1: Storing crypto on exchanges
Leaving crypto on an exchange means you don't actually own it. Exchanges get hacked, go bankrupt, or freeze withdrawals whenever they want. Your funds are at their mercy and billions has been lost in this way.
Bad option #2: Storing crypto in a hot wallet
Hot wallets give you quick access, but they also expose your crypto to constant online threats. If your computer or phone is compromised, so is your wallet. Malware, phishing attacks, and keyloggers can steal your crypto in seconds. One mistake and your funds are gone forever.
Bad option #3: Thinking hardware wallets are better
Hardware wallets are just as risky as anything else. Your seed phrase is still a single point of failure, lose it and your crypto is gone forever. Hardware wallets can break, get stolen, or simply stop working, leaving you scrambling and hoping you can recover.
Distributed storage is better
Gridlock removes single points of failure by distributing your crypto across multiple devices. It's an entire grid that locks your crypto. Unlike traditional wallets with a single vulnerable seed phrase or exchanges that can freeze your funds at any time, Gridlock ensures your crypto stays secure—and only you have control.
The Technology
Discover the cutting-edge tech that make Gridlock possible
Multi-Party Computation (MPC)
MPC, or Multi-Party Computation, is the most advanced way to secure your crypto, and Gridlock makes it simple to use. The biggest problem with traditional wallets is that they rely on a single private key. Whether it's a software wallet like MetaMask or a hardware wallet like Ledger, losing that key means losing your funds forever. There is no way to recover them. MPC eliminates this risk by removing the single private key entirely. Instead of storing one key in a single place, MPC splits it into multiple parts (called "key shares") and distributes them across different devices.
Here’s the magic:
- No single device ever has access to the full key.
- Even if one device is hacked, lost, or stolen, your crypto stays safe.
- Transactions require approval from multiple key shares. The full key is never reconstructed or exposed.
Think of it like nuclear launch codes. Multiple approvals are required before action can be taken. This level of security is what MPC makes possible. No single point of failure. No risky seed phrases. No complex and still vulnerable hardware wallets.
Threshold Signatures
MPC makes sure your key is never fully exposed, but how do we make sure that only you can sign transactions? That's where Threshold Signatures come in. Instead of requiring a full private key to sign a transaction, Threshold Signatures allow a transaction to be approved only when a enough key shares agree. This is called the threshold needed to make a transaction. For example, if your key is split into 5 shares, the system might be set up to require 3 out of 5 shares to approve a transaction. This means:
- Even if one or two key shares are lost, your funds are still safe.
- If someone wants to steal your crypto, they would need multiple key shares at the same time which makes theft virtually impossible.
- You always stay in control without the risk of a single, vulnerable private key.
This is a massive upgrade over traditional wallets. With standard crypto wallets, losing your seed phrase means you're screwed. With Gridlock's MPC + Threshold Signatures, you have cutting-edge security at your fingertips.
Download the app now and experience effortless crypto security
