How CryptoLegacy Contract Periods and Guardian Controls Work

CryptoLegacy automates crypto inheritance with scheduled check-ins, guardian-approved emergency transfers, and secure recovery overrides.

CryptoLegacy Contract Statuses

• Normal Period

  • Contract is active, deployed, and currently holds no assets.

  • Every 6 months, you (the owner) confirm you’re active by sending an on-chain transaction.

  • This 6-month check-in interval is permanent and cannot be changed, ensuring reliability and clarity for all participants.

• Challenge Period

  • If you miss the required 6-month check-in, any beneficiary can trigger a 3-month Challenge Period.

  • During these 3 months, you (the owner) can intervene at any time, confirming your status and canceling the distribution process.

  • This 3-month Challenge Period duration is fixed and unchangeable, guaranteeing predictability and fairness.

• Distribution Period

  • If the Challenge Period ends without owner intervention, beneficiaries decrypt asset details securely stored as encrypted data in smart contract transaction events on-chain.

  • Beneficiaries transfer your approved assets from your main wallets into the CryptoLegacy contract, according to your previously granted approvals.

  • Beneficiaries claim their shares based on your predefined parameters:

    • Delay: The waiting period after distribution begins before a beneficiary can start claiming.

    • Duration: The length of time over which assets gradually unlock for beneficiaries to claim incrementally.

Guardians and Recovery Controls

Guardians

• Guardians are trusted individuals designated for emergency scenarios.

• You select Guardians and set an approval threshold (e.g., 1-of-3, 2-of-3, 3-of-5).

• By default, your Beneficiaries assign as Guardians with a 2-of-3 threshold. If there are fewer than 2 Beneficiaries, the threshold equals the number of Beneficiaries.

• The default Guardian challenge period is 30 days, but you can change this.

• Guardian addresses are securely stored as hashes, preventing any direct link to your CryptoLegacy contract.

• Guardians can decrypt the encrypted asset data from transaction events only once the threshold condition is met, allowing emergency transfer of assets into your CryptoLegacy contract.

• Guardians never directly control or withdraw your assets; they simply trigger asset transfer and distribution start based on your predefined settings.

Recovery Addresses

• Recovery addresses act as hidden override mechanisms, securely stored as hashes and never directly linked to the CryptoLegacy contract until a recovery action is triggered. Once used, they become visible — but that’s expected, since their role is one-time by design. What matters is that they remain private until they are used. After that, the owner regains control and can freely use any additional privacy tools if needed.

• Recovery addresses can decrypt encrypted transaction event data, transfer, and withdraw assets independently, overriding the regular beneficiary schedule if necessary.

• Recovery addresses can cancel Guardian challenge period before distribution started.

Additional Security Notes

• Beneficiaries and Guardians can only access encrypted asset details after:

  • The Distribution Period started, or

  • Guardian thresholds are reached, Guardian challenge timeout expired and Distribution started.

• Encryption processes must be validated beforehand via test messages.

CryptoLegacy combines transparent procedures, secure encryption methods, and clearly defined guardian and recovery mechanisms, empowering you to confidently manage your digital assets and legacy.