Secure and reliable payments
Greenhood offers the most simple way to make a digital payment, in a highly secure way. We use a protocol for this. Compare it to the Dutch language: safe, reliable, always available and in a protocol.
Three steps to
maturity
Daily use
Pay for your groceries, coffee or meal at a restaurant with euros in your Greenhood wallet, directly from you to the recipient. Keep your balance up to date by depositing money to your Greenhood IBAN.
The security works with a 'seed', consisting of 12 English words. This is the key to accessing your coins. For example, write them down on paper and store them in a safe place, such as a safe. When someone gets their hands on your seed, that person has access to your money, similar to cash. Make sure you keep the seed properly and set a PIN code on your Greenhood wallet. We recommend that you complete the recovery process as soon as you work with amounts over 50 euros to ensure that your access to your coins is secure.
Deposit your salary
Every month, your salary is deposited into your Greenhood wallet. To do this safely, you use multi-sign authentication.
In addition to the “seed”, we also work with a SAFE account, based on a “smart contract”. The advantage of this is that you can create multiple keys to ensure extra security. You can set two keys to complete a transaction, known as multi-signature authentication. This mechanism offers more security than, for example, the average banking app.
The following keys are possible:
Seed key on your smartphone is the basis
Key to a second Greenhood wallet on another device
Hardware key that you can connect to your smartphone or laptop
Social recovery process, via email, social media or a person you trust
Optionally, you can set a time delay, so that a transaction is only executed after a certain period of time and gives you the option to cancel the transaction.
Manage your pension
Create maximum security by using multiple keys as described above. For your pension, six keys and three digital signatures are the basis for making a transaction.
For your pension, it is advisable that a key is also managed by the notary in your will.
Lastly
The Greenhood wallet will be open source software, so everyone can view the code. The code has already been checked by several parties for functionality and safety. Expressions on our website are therefore verifiable by technically savvy people. If you know a programmer or technician in your area, ask them to take a look at our code.
We use decentralized blockchains such as Ethereum and the Gnosis Blockchain to manage the coins and process all transactions. Anyone can participate in this process by installing the Ethereum software on your computer or purchasing special nodes/computers for this purpose.
Activate multi-signature authentication by adding extra keys to your Greenhood wallet for optimal security. These keys can be added as a hardware wallet, NFC card, or Greenhood wallet on another device, among other things. With these extra keys, you can restore your account even if you have lost your seed, provided you have sufficient recovery keys compared to the number of keys required for access.