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zaglotov
@zaglotov
We will never need cidfrases for our wallets again (yeah, maybe you should throw it in the comments) Let's imagine the situation: you are a happy owner of 228k bucks in Etch, which have been quietly dusting on your wallet for five years, but at some point you lose access to it, and the sheet with the cidphrase flies into the trash instead of an empty can of Redbull, and then “here we go”. The so-called decentralized trust, a mechanism (of the near future) with the ability to restore access to the wallet without a private key and sydfraz, comes to your rescue with two legs.
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zaglotov
@zaglotov
p.s. No, this is not about services like “We will restore you, but 99% of the balance will be ours” The idea of DT is the following: when creating it, users assign a backup wallet in case something happens to their main wallets, and then what happens? If access to the main wallet is lost, after months of inactivity, the mechanism automatically transfers users' assets from their main wallets to their backup wallets Interesting fact: DT can be configured to transfer inheritance to other users based on predefined conditions The future is out there and what we have here..... Something similar to DT today is Multisig technology, which requires multiple private keys to sign transactions, which in turn reduces human error and protects funds from unauthorized access Wait, what if you combine Multisig + DT? Have we saved the world from losing access to crypto wallets? More details described in my last track > read (https://x.com/ortomichDev/status/1840008411376677206)
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