What is the ‘Proof of Keys’ Event, and How Is Blocknet Involved?

The Proof of Keys event led by Trace Mayer is coming next week, on January 3rd, on the anniversary of Bitcoin’s first minted block.

“Not Your Keys; Not Your Bitcoin.” –Andreas Antonopoulos

Blocknet is excited to promote and participate in this global event to raise awareness of the importance for cryptocurrency holders to own and maintain their own private keys.

We are proud to offer multiple solutions that empower individuals to maintain control over their own tokens and not have to relinquish that control to centralized companies, whether that’s centralized exchanges (CEXs) or centralized wallet servers.

Blocknet’s Block DX offers fully trustless, decentralized trading where users maintain control of their token right within their own core wallets. In addition, Cloudchain, Inc. is currently implementing a fully decentralized lite (thin) multi-wallet utilizing Blocknet’s XRouter protocol.

We are very pleased to see a number of the larger cryptocurrency communities celebrating Blocknet for our commitment to put decentralization and individuals’ security at the forefront of our vision and development. We fully support the Proof of Keys event on Thursday, January 3rd, 2019.

What is ‘Proof of Keys’ and How Can We Participate?

Cryptocurrency holders are urged to remove all crypto assets from centralized exchanges and all other third parties in an effort to prove solvency. In essence, if an exchange actually holds customers’ crypto assets, then all customers should essentially be able to remove their assets from those third parties at any time.

“By demanding and taking possession of their assets, individuals will learn real fast with blockchain proof whether they are part of the elite HODLers or not. Proof of Keys is the annual HODLer initiation.” –Trace Mayer

To participate, simply follow the following steps:

  • Withdraw all your cryptocurrencies held on centralized exchanges and transfer them to your own token wallets on January 3rd.
  • If you wish to continue trading, use Block DX, as you maintain your private keys at all times with this decentralized exchange.
  • After the event, keep your tokens in a wallet and/or continue trading with Block DX.

“This is a fight over your monetary sovereignty. People kind of need to understand the importance of proof-of-keys and proof-of-work. So why not do it on the genesis block day [January 3]. Why not turn this into an annual celebration that we can do as a community?” –Trace Mayer

To learn more about the event, please check out the video below, and add your name to Trace Mayer’s website, and show your support of the annual Proof of Keys event, designed to raise awareness and protect cryptocurrency users.

We at Blocknet look forward to celebrating this event on an annual basis!

Trace Mayer – Proof of Keys Intro

Omar Bham (Crypt0sNews) with Trace Mayer

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