Security Features on the Acronym Platform
At Acronym, we prioritize the security of your digital assets. Our platform is designed with advanced security features to ensure your assets are protected at all times. Below is an overview of the key security features:
1. Non-Custodial Vaults
Acronym Vaults are non-custodial, meaning you have full control over your private keys. We do not store your private keys or seed phrases, ensuring only you can access your assets.
Vaults are segregated sub-wallets, and our hybrid wallet system combines the convenience of centralized platforms with the control of decentralized solutions.
2. Cold and Hot Vaults
Your Vault is divided into Read-Only "Hot" Vaults and Offline "Cold" Vaults. Cold Vaults are kept offline, providing an extra layer of protection against online threats.
Transactions are signed in the Cold Vault and then broadcasted, ensuring that no one, including Acronym, can manipulate or access your transactions.
3. Encryption and Multi-Factor Authentication (MFA)
Your private keys are secured with a master password and/or multi-factor PIN. These keys are encrypted and never stored on the platform.
Two-Factor Authentication (2FA) is mandatory for all accounts, adding an additional layer of security to protect your account.
4. Hybrid Chain for Transparency
The Acronym Hybrid Chain ensures that all transactions are transparent and auditable. This system links transactions across multiple blockchains, providing a clear audit trail for every action.
5. Threat and Vulnerability Management
We regularly conduct vulnerability assessments, penetration testing, and apply security patches to ensure the platform remains secure and up-to-date.
6. Risk Management and Compliance
Acronym follows a comprehensive risk management framework, including regular audits, compliance with AML/CFT regulations, and monitoring for suspicious activities to ensure a safe and compliant environment. These features are designed to provide you with peace of mind, knowing that your assets are secure on the Acronym platform. For more information or assistance, please visit our Support Center.
Last updated