If you know a bit about cryptography or if you are a fan of spy movies, you will have seen similar technology being used before.
This is what CryptoStandard is offering with their new software which was announced yesterday on the BitcoinTalk forums here: https://bitcointalk.org/index.php?topic=1562481.msg15680124
The developer goes by the alias NyeFe and he says about his company: “CryptoStandard is mainly focused on open-source development of cross platform, offline or networked security software for established or new standards. “
There was a recent release (July 23, 2016) of a new open source software that replaces traditional hardware and software wallets. It allows the user to store bitcoins in a wallet using an image.
Called CryptoStandard SSI, which stands for Security Standard Implementation, the software uses two different Cryptographic technologies to achieve this- Steganography(Wikipedia: the practice of concealing messages or information within other nonsecret text or data) and AES Encryption. Using this protocol you can store a Bitcoin wallet(or multiple wallets) digitally using the pixels of an image and it’s RGB data.
This means that your wallets can now be hidden in plain sight, without anyone ever knowing that your computer or image is being used to protect your Bitcoin stash! This is a complete new method for safe and secure cold storage of your BTC.
Steps the software uses to create image wallet:
Step 1 – Create a new Bitcoin wallet address, do this offline to prevent any leaks
Step 2 – Create these wallets using AES 128-bits X2, 32-character hash encryption protocol.
Step 3 – The new encrypted wallet will then be stored within the pixels of your chosen image, this is done in the form of RGB data using Steganographic methods.
If you’d like to test this method we have provided an example below, image 1 contains no wallet and image 2 has 100 wallets encrypted within it, just use the password: flower
Image 1
Image 2 (Hidden wallets, password: flower)
For more information here are some links with further information on the project:
This does sound interesting! Thank you for sharing!