Sheridan, WY, May 10, 2023 (GLOBE NEWSWIRE) — The cryptocurrency market is just over $1,000 in market cap, and many agree that it is poised for a new all-time high in the coming months, making this the perfect time to get started with Gridlock to responsibly secure your cryptographics and manage your digital assets with confidence.
Gridlock stands out from other wallets on the market due to the use of ‘Guardians’ instead of seed phrases to protect a user’s crypto and back up their wallet and assets. Guardians are easier, safer, more secure and more forgiving than mnemonics, pin numbers or seed phrases. Those of you in traditional finance may be familiar with the concept since many wealth management firms already use trusted contacts. It is also worth noting that across the crypto wallet space, Gridlock is a multi-party computational wallet, an advanced cryptographic arrangement that is taking over the industry, ensuring maximum security for its users.
Also, Gridlock offers its wallet for free, making it accessible to everyone. For those who want extra features and benefits, Gridlock also offers a paid subscription service, Gridlock Pro. This monthly or annual subscription comes with a 30-day free trial and includes extra Guardians, constant network monitoring, a free month of Gridlock Pro for a friend, first access to new features and events, and more. The heavily discounted annual subscription offers excellent value.
Gridlock supports multiple cryptocurrencies and blockchains, making it easy for users to manage all their digital assets in one place. Don’t have any crypto? Buy easily in your wallet. Gridlock is perfect for investors who have been hesitant to buy or manage their own crypto in the past, as it takes away the risk, complexity and fear of “self-custodial” cryptocurrency management.
“We are excited to offer Gridlock as a new solution for securely managing cryptocurrencies and NFTs,” said Derek Rodriguez, Gridlock’s CEO. “Our wallet is easy to use, secure and accessible to everyone. We are confident that Gridlock will be the best choice for anyone who wants to securely manage their digital assets and open the door to Web3 applications.”
Gridlock’s cryptographic technology secures cryptocurrencies in a new way by dividing a private key into multiple fragments that are distributed across multiple devices. To control funds, the pieces must be put back together by the owner. This mechanism provides the security of a cold (offline) wallet with the convenience of a warm (online) wallet, making it maximally secure while remaining useful and responsive.
At the time of writing, Gridlock is launching several new features immediately, including an Astar portal, WalletConnect and adding support for additional crypto tokens. The company is still offering a Gridlock Foundation Coin NFT for free for a limited time, which can be claimed in the app. To keep up to date with the latest news from the Gridlock team, follow @GridlockCrypto on Twitter.
