StackOfStake – 2FA Like a PRO — OTP and U2F

Press Release / 16.04.2019

At StackOfStake, the team is taking security very seriously. During the last months, they have applied multiple security updates to their service. Right now, they are fully confident, that their infrastructure is protected in the best possible way.

“Service back-end and front-end are protected, but what about users?” — you could ask.

From day zero of StackOfStake 2.0 users have the ability to protect their accounts with 2FA authentificator application (Google Authenticator, Authy, etc.). Today, they want to allow users to protect their accounts in a more advanced way. (drumroll…)
They have added the support of U2F to StackOfStake!

Why Universal 2nd Factor (U2F)?

Nowadays, using of authenticator apps (which are generating One Time Passwords — OTP) cannot guarantee good protection. OTP is vulnerable to phishing and various forms of man-in-the-middle attacks. The hackers can compromise your device and all authentification data on it.

U2F doesn’t have these disadvantages. Even if hackers and even key loggers will not be able to steal your passwords because the U2F encrypts the data. 2FA dongle stores authentication secret key just like hardware wallet stores your cryptocurrency.

U2F devices are usually small USB devices (sometimes with NFC support). When you insert it into your computer’s USB port or tap it against your phone, the browser on your computer can communicate with the USB security key using secure encryption technology and provide the correct response that lets you log into a website.

U2F is currently supported by Chrome, Opera, Firefox browsers. The list of compatible dongles can be found here:

How to enable U2F at StackOfStake?

You can use one of two 2FA methods — authenticator app (OTP) or U2F (but not both together). Follow these simple steps to enable U2F:

1. Log in your StackOfStake account.

2. Navigate to “Two-factor authentication” section and click “Add U2F authentication”.
3. Now you can link your dongle to the StackOfStake account by clicking the button/disk on it.
4. Your  U2F authenticator has been enabled. You will be logged out from your account.

About StackOfStake

StackofStake is a shared Masternodes service created by the SCRIV Network team. The idea behind StackOfStake is simply creating a community shared Masternode pool management service, which everyone can join in and maximize the rewards of their crypto holdings by sharing the minting rewards.  StackOfStake team receives the rewards from the respective Proof-Of-Stake coins based on the collective pool, which is much higher than the rewards a retail investor would get in case he wanted to stake by himself. This increase in frequency allows the investors to multiply their income faster as the compounding effect is acting for a greater duration. There are 18 masternode coins already live on their platform with six more coming up soon.

Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.