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.

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

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 [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More
22 September 2023

CEERTIF: Real-time File Certification via Tezos Blockchain for Construction and Insurance Professionals

CEERTIF, a mobile application for installers, agents, and insurers in France, has introduced a groundbreaking platform that leverages the TEZOS blockchain to secure and geolocate media in real time.

Read More
19 September 2023

La Poste’s NFTimbre Stamp Powered By Tezos Sees Launch Day Sale Success

An initial 100,000 NFT stamps were for sale, at this point over 18,200 have been sold, including 13,050 NFTs sold in less than 4 hours, equating to over €145,000 in sales since launch yesterday.

Read More
17 September 2023

Tezos Teams Integrate MetaMask into the Tezos Ecosystem through a Custom Snap

In a recent integration, teams within the Tezos ecosystem have enabled more than 30 million MetaMask users to connect to the Tezos blockchain. This collaboration expands the utility of MetaMask, one of the most popular digital asset wallets, to encompass the Tezos blockchain.

Read More

Subscribe to weekly tezos news

Join The XTZ. News Newsletter To Receive The Latest Tezos
News And Interviews.

Subscribe To Weekly Tezos Token Prices

Join the Tezos Token Price newsletter to receive the latest Tezos token prices on a weekly basis.