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DNA: A New Way of Storing Cryptocurrency Passwords

DNA: A New Way of Storing Cryptocurrency Passwords

Jim BevinSeptember 5, 20182min113

In our world today, hackers and scammers are constantly evolving and finding new ways to fool people. As a safety measure, we employ various principles and techniques in creating our passwords so as to prevent these people from accessing our personal information.

Recently, there is news that Bitcoin fanatics are using DNA in storing their cryptocurrency passwords. They hide their password inside a microtube of DNA. Don’t believe it? A startup that is called Carver is providing the very same service I have shared: protecting the digital money of its customers.

DNA in storing their cryptocurrency passwords

Carver, a Financial Biotechnology Startup

Carver is a startup company that is exploring various technologies and concepts. It doesn’t really have a direct connection with cryptocurrencies. But with this new service, that situation is about to change real soon.

Carver is currently looking at the possibility of building a partnership with various cryptocurrency companies (or bitcoin companies) by offering an innovative cold storage solution for cryptocurrency assets.

Storing Information on DNA

Carver offers an insurance policy, which is both unique and extreme, for the precarious world of cryptocurrency. The service incorporates a new area of genetics research; that is, using synthetic DNA as a means to store information. They are able to store a wide range of sources like Word doc, animated GIFs, and even an operating system.

It might sound odd at first, but it has the potential to become a valid alternative as people struggle to find legitimate storage space for the ever-growing data that are produced every day.

For those who are interested, the service costs $1,000. It might be too expensive for most people, but Carver CEO and Co-Founder Vashaal Bhuyan assures that it is completely worth it.

According to Bhuyan, DNA crypto key storage is just another type of encryption tool; it will probably last longer and will be more reliable than saving your information on a USB stick or hard drive.

“DNA is the only thing that won’t become obsolete. So, the way I see it, this is a trust or 401(k) that you can be assured will keep your assets and information safe for a very, very long time,” said Bhuyan.

Storing Information on DNA

How the Service Works

To be able to convert a data file into DNA is surprisingly easy. When data is broken down into a basic binary form, it appears to be just a bunch of zeros and ones. In the case of DNA, its language is comprised of four letters: A, T, C, and G, which are the abbreviations for the nucleotides that form the rings of the DNA ladder.

In order to translate binary to the language of DNA, a person needs to have a conversion system. For instance, let’s try substituting A to 00, T to 01, C to 10, and G to 11. So, if you have the string 11000101001000, it would translate to GATTACA.

Nowadays, laboratories can print out the DNA chemicals together in any order that a client wants. It could be something peculiar or something long, as long as it adheres to the client’s wishes.

Now, all these things are sitting at the bottom of a microtube, which sometimes might be suspended in a drop of liquid, stored until it is ready to be read by a lab-sequencing machine. At that time, the alphabet code can be translated back into binary form.

I bet you’re now asking yourself why you should use DNA to store data. Well, you should, especially if you have something valuable to store. The main reason should be because it is secure and enduring, which is mostly owed to its multiple layers of encryption.

It doesn’t have to be right now, but you should probably think about using this service in the future.

Jim Bevin

Jim Bevin is a passionate writer, guest blogger, and a social media enthusiast. The primary focus is writing high-quality articles after in-depth research and make sure it is a readers delight. Information is key and he abides by the rule of writing articles that will appeal to a broader audience.

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