Enhancing Security for CashTokens Transactions: Leveraging Samsung Knox Secure Folder.

0 56
Avatar for francis105d1
4 months ago



Bitcoin Cash (BCH) users face a challenge when it comes to securing their transactions with CashTokens, as the available secure wallet options are limited for this new platform. Often, users resort to online software wallets or dedicated devices solely for transactions on CashTokens websites. However, the vulnerability arises when these dedicated devices are brought online for transactions. In light of this, I've been exploring ways to enhance security and mitigate potential risks associated with using CashTokens.

It's crucial to acknowledge that the ideal solution would mirror features present in popular wallets like Metamask or Rabby, allowing the integration of hardware wallets, AirGap hardware devices, and the use of AirGap Vault for offline transactions (a setup I currently employ for EVM networks and Bitcoin). Unfortunately, such features are lacking in CashTokens, necessitating the search for effective workarounds.

One possible solution is to persist with a dedicated device that only connects online when necessary for transactions, incorporating additional security measures such as utilizing secure elements like the Samsung Knox secure element, also known as Secure Folder. Secure Folder, powered by the defense-grade Samsung Knox security platform, establishes a private, encrypted space on Samsung Galaxy phones. Apps and data relocated to Secure Folder are isolated on the device, providing an extra layer of security and privacy.

To implement this solution, I can employ Secure Folder to run Paytaca and the browser as distinct entities on my phone. Additionally, the current solution I'm utilizing, particularly for Bitcoin Cash and EVM, involves AirGap Vault. Implicit in this approach is a reliance on the trustworthiness of Samsung Knox to secure the designated section of the phone and maintain offline status as much as possible, only connecting online when essential.

This article was inspired to give a solution to the Telegram user Big Hair.

If you find this article useful please make the extra effort to share it since the Bitcoin Cash community and the CashTokens need a hardware wallet solution and this could work as a workaround.

2
$ 0.00
Sponsors of francis105d1
empty
empty
Avatar for francis105d1
4 months ago

Comments