Security
Cold and Hot Wallet Storage
Balancing Security with Operational Needs
OmniSafe recognizes that different operational needs require different levels of accessibility. To address this, we employ a tiered storage approach, utilizing both cold and hot wallets.
- Cold Wallets (Offline Storage): A significant portion of assets is stored in cold wallets, entirely offline and isolated from network connectivity.
- Implementation Details: Private keys for these wallets are generated using HSMs or secure air-gapped computers. Storage media include encrypted USB drives, hardware wallets, or paper wallets stored in secure physical vaults.
- Access Controls: Access to these wallets requires strict multi-party authentication and manual procedures, ensuring that only authorized personnel can access them.
- Hot Wallets (Online Storage): A smaller portion of assets is stored in hot wallets, which are connected to the network and allow for faster transaction processing. These are multi-signature wallets and are always protected by advanced encryption to ensure that assets are secured.
- Implementation Details: Private keys for hot wallets are generated within HSMs and secured with multi-factor authentication. The wallet structure supports multiple signers, enabling secure authorization of transactions.
- Monitoring: Hot wallets are continuously monitored for suspicious activity, with automated alerts triggered if any anomalies are detected.
Purpose:
- Optimal Security: Ensures that the majority of assets are protected from online threats.
- Operational Efficiency: Allows for quick access to a smaller portion of assets for routine transactions and operational needs.
- Granular Control: Provides a flexible approach that balances security and accessibility.