Whitepaper
Last updated
Last updated
GateKeep is a first of its kind theft prevention system for crypto assets. The approach combines in-house developed open source & audited contracts with our “interception” system. When a theft is detected the system works in conjunction with user owned smart contracts to transfer their assets to a safe wallet before the thiefs transaction confirms.
We like to describe Crypto & Web3 as a dark forest in its current state. Hacks occur daily with minimal safeguards. Most hacks happen very quickly and the victim has no time to act. Crypto users should be protected when navigating the dark forest that is Web3 - from new DeFi protocols to marketplaces. This is where Gatekeep steps in, the first automated theft prevention system for crypto wallets.
Gatekeep was built as an automated layer of defense to safeguard assets while the theft is in progress. Think of Gatekeep as a missile defense system, they work in a similar manner. It monitors for thefts 24/7 and eliminates the threat.
GateKeep is an inherently simple system that's easy to understand. It consists of three parts.
The user adds trusted addresses to their "Trusted Network" through the dashboard. If a transfer or approval transaction is submitted to an address that's not on the users network the interception system identifies it as a theft and triggers the users Brink Contract to move the asset.
The transaction that's submitted by the interception system the thiefs transaction by submitting a higher than normal gas fee. This incentivizes the block validators to process our transaction before the theft occurs on-chain.
