hide in everything NFTs And it still remains a minor concern on the minds of crypto investors.
If you’re an organized person, you may have some defenses in place, but it’s time to pick a better one.work via Tezos networkthe original developer Javier Gracia Carpio, created a Dead Man’s Switch smart contract.Neat code that initiates an action after a selected period of inactivity Redirect assets to pre-determined beneficiaries.
Today, I implemented a basic dead man’s switch contract on the way to work. #TezosEver wanted to leave your precious jpegs to your children when you pass away? Now you can 😉https://t.co/gdzH4Nk7p2 pic.twitter.com/EAOE6coUqg
— Javier Gracia Carpio (@jagracar) November 30, 2022
A unique new safety mechanism acts as a decentralized last will and testament. Owners can therefore set a series of parameters that assist in the smooth transition of assets. This includes setting a “ping rate” to indicate how long it takes before the contract presumes the owner is dead, and multi-signature authentication to prevent a single entity from controlling content. .
For now, the Dead Man’s Switch protocol is Tezos-based NFT and $XTZ token. However, due to the brilliance of the idea, users can expect similar deals to reach other networks in the near future.
Details >> Ultimate NFT Guide
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
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