Why doesn’t MyCena^® use a master password and cloud storage?

Cloud password managers centralise and store your passwords on physical cloud servers. By putting all your eggs in the same basket, those servers create a target point that is a very attractive for hackers. We believe decentralising the storage of key assets like passwords is structurally more sound, distributing the risk of loss/ theft across the whole population.

A master password is a password you need to remember that can open all your accounts at once. If a thief knows your master password, they can access all your accounts, making the master password another single point of failure.