Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com .Los Angeles, CA.June 30, 2023 – Keyback.io , a leading innovator in the tech and cryptocurrency industry, is proud to announce the release of its highly anticipated product: a seed-phrase backup and recovery tool coupled with a programmable deadman switch.This groundbreaking solution is designed to address the critical need for secure and reliable wealth preservation and transfer in the crypto currency market.
With its trustless design, multi-encryption, decentralized backups, and anonymous features, the Keyback crypto wallet backup is set to revolutionize the industry.Keyback was described in a recent private Q&A, “You can literally backup and restore anything text-based.Hardware or software wallet seed phrases, cold wallet private keys, NFTs, crypto exchange logins, 2FA backup codes… and most importantly, instructions for your loved ones if they ever need to restore your wallets.It’s ingenious.” Crypto currency enthusiasts face the challenge of ensuring the safety and accessibility of their digital assets, especially in unforeseen circumstances.
The Keyback crypto wallet backup introduces a novel approach to address this concern.The entire backup and reconstruction process can be performed offline, guaranteeing the utmost security and protecting users’ sensitive information from potential cyber threats.One of the standout features of the Keyback crypto wallet backup is its built-in Deadman Switch.Benefactors can nominate their Trustees, who are responsible for validating the Benefactor’s incapacitation or death.
Once confirmed, the Deadman Switch follows its user-defined timing structure, ensuring the transfer of crypto wealth to the designated Beneficiaries at the desired time.The Deadman Switch can be set to request proof of life at customizable intervals of 7, 14, or 28 days.”We are thrilled to introduce the Keyback crypto wallet backup to the crypto currency market,” said David Lister, Co-CEO of Keyback.”This product revolutionizes the way we safeguard and transfer crypto wealth, even in the most dire circumstances.
It represents a significant milestone in the maturation of cryptocurrency as a legitimate investment and means of wealth generation and transfer.” Key Features of the Keyback Backup/Recovery & Transfer Solution: – Trustless and Encrypted: Keyback ensures the highest level of security by employing trustless and encrypted technology, protecting users’ crypto assets from unauthorized access or theft.Trust not required between parties.- Decentralized and Anonymous: The decentralized nature of Keyback ensures that users have full control over their crypto wallet backups, eliminating trust issues and ensuring redundancy.Maintaining anonymity and security, unlike other products, is a core facet of Keyback.No KYC here.- Offline Encryption Process: The encryption process is performed offline in the browser by the user, significantly reducing the risk of exposure to online threats and ensuring the utmost privacy.- Deadman Switch Functionality: Benefactors can set the Deadman Switch interval according to their preference, guaranteeing that their crypto wealth is transferred to beneficiaries in the event of incapacitation.- Customizable Vault Release: The Benefactor has the power to determine when and how the vault is opened to Beneficiaries to reconstruct the crypto wallet, providing them with complete control over their digital assets.
From 5 to 20 weeks in total.The Legal Will System Has No Solution For Crypto Transfer After Death Until now, there has been no legal or technical solution for passing on digital assets when a person passes away.Legal Wills are public documents that provide no safe mechanism for the transfer of digital wallets or private keys.Keyback represents a major step forward in preserving and transferring digital asset wealth in the cryptocurrency space.With its advanced features and unparalleled security, Keyback empowers individuals to secure their crypto assets and pass them on to loved ones, regardless of unforeseen circumstances.For more information about Keyback and its revolutionary crypto wallet backup, please visit https://keyback.io or contact our media relations team.About Keyback: Keyback is a leading innovator in the tech and crypto currency industry.With a focus on providing secure and reliable solutions, Keyback is dedicated to advancing the cryptocurrency market and ensuring the preservation and transfer of wealth through cutting-edge technology.
Media Contact: Jennifer Carter Director of Public Relations Keyback.io [[email protected]](/cdn-cgi/l/email-protection) Disclaimer: The information provided in this press release is subject to change without notice..