What is Lockx

Get started with Lockx in just a few minutes. This guide will walk you through the essential steps to create your first Lockbox and secure your digital assets.

1. Connect Your Wallet - Use MetaMask or any compatible Ethereum wallet
2. Create a Lockbox - Mint your personal secure storage NFT
3. Set Up 2FA - Enable two-factor authentication for enhanced security
4. Deposit Assets - Transfer ETH, tokens, or NFTs to your Lockbox
5. Manage & Withdraw - Access your assets anytime with proper authentication

Lockx is a revolutionary approach to cryptocurrency security that combines the power of smart contracts with advanced cryptographic techniques to create an impenetrable vault for your digital assets.

Core Components

• Lockbox NFT - A soulbound token that represents your personal vault
• Smart Contract Security - Audited contracts with no admin keys or backdoors
• Key Fraction Technology - Split key storage for maximum security
• Two-Factor Authentication - Additional layer of protection for all operations

When you create a Lockbox, you're minting a unique NFT that acts as your personal secure storage. This NFT is soulbound, meaning it cannot be transferred or sold, ensuring that only you have access to the assets stored within.

Key Fraction Technology is Lockx's innovative approach to securing your private keys. Instead of storing your entire key in one location, we split it into multiple encrypted fragments.

Lockx's two-factor authentication goes beyond traditional 2FA methods by integrating directly with the blockchain and your Lockbox smart contract.

Creating your first Lockbox is a simple process that takes just a few minutes. Follow these step-by-step instructions to get started.

Enable two-factor authentication to add an extra layer of security to your Lockbox. This ensures that even if someone gains access to your wallet, they cannot withdraw your assets without the second factor.

Important: Make sure to save your recovery codes in a secure location. You will need these if you lose access to your 2FA device.

1. Navigate to your Lockbox settings
2. Click on "Enable 2FA" in the security section
3. Scan the QR code with your authenticator app
4. Enter the 6-digit code from your authenticator
5. Save your recovery codes securely
6. Confirm the transaction to enable 2FA on-chain

Depositing assets into your Lockbox is straightforward and supports ETH, ERC-20 tokens, and NFTs.

Deposit Process:

1. Open your Lockbox dashboard
2. Click on "Deposit" and select asset type
3. Enter the amount (for ETH/tokens) or select NFT
4. Review and confirm the transaction
5. Wait for blockchain confirmation

Withdrawing assets from your Lockbox requires proper authentication and follows a secure process to ensure only you can access your funds.

Security Note: If you have 2FA enabled, you will need to provide your authentication code to complete the withdrawal.

Withdrawal Steps:

1. Navigate to your Lockbox dashboard
2. Click on the asset you want to withdraw
3. Enter the withdrawal amount and destination address
4. If 2FA is enabled, enter your authentication code
5. Sign the withdrawal message with your wallet
6. Confirm the transaction and wait for processing

A cryptocurrency wallet is a digital tool that allows you to store, send, and receive cryptocurrencies. Unlike traditional wallets, crypto wallets don't actually store your coins – they store the private keys that give you access to your cryptocurrencies on the blockchain.

Private keys are the most critical component of cryptocurrency ownership. They are essentially a secret number that allows you to spend the bitcoins or other cryptocurrencies associated with a specific address.

Key Facts About Private Keys:

• Ownership: Whoever has the private key owns the associated funds
• Irreversible: Lost private keys cannot be recovered
• Unique: Each private key is mathematically unique
• Security: Should never be shared or exposed online

Traditional Single Private Key Design

The Lockx Solution: Key Fraction Technology

Lockx addresses the fundamental weaknesses of single private key design through our innovative Key Fraction Technology, which splits your key into multiple encrypted fragments while maintaining the benefits of self-custody.

Remember: In traditional systems, your private key is like having all your cash in one pocket. Lockx's approach is like having a sophisticated safe that requires multiple keys to open – much more secure, but just as convenient for the rightful owner.

Following security best practices is essential for protecting your cryptocurrency assets. Here are the most important guidelines to follow:

Remember: In cryptocurrency, you are your own bank. This means you have full control, but also full responsibility for your security.