Secure storage solutions for cryptocurrency are not easy to come by. Most existing solutions require an investment and may not be user-friendly to novices. Some Bitcoin enthusiasts are deciding to store their private keys in DNA strains to keep the details confidential.
DNA to Store Information
In the scientific world, DNA can serve many different purposes. It is designed to store genetic data of humans, animals, and plants alike. However, the data found within DNA strands can be rewritten. This allows for many different and unique use cases to be explored now and in the future. One such use case comes in the form of storing cryptocurrency address information. More specifically, the private key associated with one’s wallet address.
This new option is being explored by some die-hard Bitcoin enthusiasts. Carverr, a new startup, is turning it into a promising business model. The company helps clients secure their digital portfolio by embedding key information in a microtube of DNA. On paper, it sounds rather ludicrous, but there appears to be a market for this solution. Using DNA tubes improves the longevity of password storage and increases overall security.
Embedding the information within DNA is easier than originally assumed. Data is broken down into binary details. Afterward, it is converted to DNA “language” and put into a plastic microtube. Said tube can then be read back by a sequencing machine to reveal the Bitcoin wallet’s private key. There is a bit of effort involved, but for those paranoid about security, it can offer many benefits.
Paranoia or a Logical Evolution?
To many people, storing data inside DNA is a bridge too far. Given the average person’s nature of being careless with passwords and data, solutions like these are no unnecessary luxury. It also addresses problems beyond traditional security concerns. In terms of data storage, this approach can be of immense value down the line.
Synthetic DNA is capable of storing much more information in a very small form factor. It can last hundreds of years, making it superior to hard drives or other existing technologies. While the process is anything but user-friendly, vast improvements can be made in the coming years. Bitcoin investors do not mind spending a bit of money for such niche services.
The future of Bitcoin private key storage may look very different from today. Even if DNA storage does not become mainstream, other innovative solutions will come to market. For long-term Bitcoin holders, storing a private key in such a manner can make perfect sense. It prevents them from panic selling or falling victim to market FOMO. It is also a rather interesting social experiment in its own unique way. Plus, there’s no worry about a hard drive dying, taking the vital data with it.
What do you think about using DNA to store Bitcoin keys? Let us know in the comments below.
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