10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

CoinLegacy Unveils Tezos Compatible Crypto Recovery Solution To Help Safeguard Digital Assets

CoinLegacy’s Recovery Kit eliminates all single points of failure by allowing users to store their BIP-39 Wordlist and Secret Code separately, helping to prevent unauthorized access to digital assets.

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

CoinLegacy has just launched its Recovery Kit to offer additional protection to the recovery seed phrases of all crypto holders, helping to ensure digital assets remain recoverable in case of loss, damage, theft, or even death.

Compatible with Major Tezos Wallets and BIP-39 Standard
The CoinLegacy Recovery Kit is compatible with most wallets in the Tezos ecosystem using the BIP-39 standard, including Ledger, Trust wallet, Trezor, Temple, Umami, and the Altme wallet.

Enhanced Security with No Single Point of Failure
CoinLegacy’s Recovery Kit helps to eliminate single points of failure by allowing users to store their BIP-39 Wordlist and Secret Code separately, preventing unauthorized access to their digital assets.

It provides the ability to store at least one part of the kit offline (the BIP-39 wordlist or the Secret code), adding an extra layer of protection against hackers and phishing attacks.

Easy and Fast Setup
The CoinLegacy Recovery Kit has been designed to be easy and it can be done in around 5 minutes.

Users would simply purchase the Recovery Kit, download the BIP-39 Wordlist, create a secret code, and store the wordlist and code in separate secure locations.

Here are the steps

  1. Users would purchase a Recovery Kit and download a randomly generated BIP-39 Wordlist containing the 2048 words used in their seed phrase.
  2. They would create a Secret Code corresponding to the positions of their 12 or 24-word seed phrase within the BIP-39 Wordlist.
  3. They would then store their BIP-39 Wordlist and Secret Code in various secure locations, such as their home, a relative’s home, friends’ houses, a safe box, or multiple password managers.

Founders’ Vision and Affordability
CoinLegacy’s founders, Benjamin and Hugo, developed the Recovery Kit to address their own need for a straightforward and effective solution to make their digital assets always recoverable, even in case of death.

“We wanted to provide an easy-to-use, affordable, and secure solution for digital asset recovery that would eliminate all single points of failure”.

The price for the solution is $4.90.

CoinLegacy state that alternative solutions like titanium seed phrase storage and classic recovery sheets are either more expensive, or offer very limited protection (= single point of failure).

Long-Term Asset Protection
CoinLegacy allows users to plan for the future by making their assets recoverable in case of death.

Indeed, by sharing their BIP-39 Wordlist with their loved ones and including their names and the Secret Code in their will, users can ensure that their digital assets will be accessible in the future, without compromising their digital assets’ security (no single point of failure).

For more information about the CoinLegacy’s Recovery Kit, visit: https://coinlegacy.xyz

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at info@xtz.news. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

[gravityform id="3" title="false" ajax="true"]

Other News

View More
Tezos Robinhood

Robinhood Adds XTZ to Its Cryptocurrency Offerings for New York

Robinhood, a popular trading platform known for democratizing access to financial markets, has expanded its cryptocurrency services in New York State by adding Tezos (XTZ) to its list of available digital assets. This development allows New York-based users to buy, sell, and trade Tezos, enhancing the cryptocurrency’s accessibility…

Read More

Tezos X: A Vision for the Future of Blockchain

Today, Tezos X has been unveiled, presenting a forward-looking vision for Tezos that marks a significant evolution from its original design. According to the official blog, this vision addresses some of the most fundamental issues in the blockchain space, aiming to enhance usability and utility while maintaining the core properties of blockchain technology.

Read More

Werenode: Fusing Blockchain Brilliance with EV Charging Innovation

As electric vehicles (EVs) become more prevalent, Werenode is leading the charge by revolutionizing the EV charging infrastructure through blockchain technology. By leveraging Tezos and Binance blockchain technology, Werenode aims to simplify the EV charging process, ensuring secure, transparent, and immutable transactions. Their approach tackles key challenges in the industry, such as network fragmentation, interoperability, and complex payment systems.

Read More