CryptoLegacy assigns guardians, sets approval thresholds, encrypts guardian data, stores backups, and tests access securely on-chain.
Default Guardians:
Beneficiaries automatically become Guardians (this can be modified).
Default approval threshold: 2 of 3 Guardians required for emergency withdrawals.
Emergency withdrawals trigger a 30-day challenge period before distribution.
Adding Additional Guardians:
Invite two friends to serve as additional guardians. There’s no limit - this is just an example.
Collect their addresses and public encryption keys.
Set the approval threshold to 4-of-7 guardians. You can choose any number from 1 up to the total number of guardians.
Set Guardians' challenge timeout to 5 days.
Confirm these settings by sending a transaction.
Data Storage:
Guardian addresses are stored as hashes on-chain.
Original Guardian addresses and encryption keys are stored locally in your browser.
Backup is automatically encrypted using your public encryption key.
Store encrypted backup by sending a transaction to the smart contract event.
Automatically encrypt wallet and asset addresses for each Guardian using their public encryption keys.
Store this encrypted data by sending a transaction to the smart contract event.
Guardians do not have direct access to encrypted messages.
Request Guardians verify encryption by testing with a provided test message.
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