Hi everyone, I was curious about the following:
Are there any established procedures or recommended steps to ensure the security of crypto assets in the event of a web3auth shutdown?
Thanks in advance
Hi everyone, I was curious about the following:
Are there any established procedures or recommended steps to ensure the security of crypto assets in the event of a web3auth shutdown?
Thanks in advance
Hey there,
Whilst we hope that a w3a shutdown never happens, we take the matter very seriously. There are several tiers of fallbacks here.
First off w3aโs infrastructure is and can be operated by other entities, our mainnet is run by large ecosystem stakeholders like Binance, Ethereum Name Service, Etherscan, Polygon (MATIC), alongside ourselves. Next, thereโs a contingency plan to operate or allow migration in the case w3a does go down which allows app developers to run this themselves. Lastly and most importantly users can always export their key pairs into different wallets and we can easily push them to doing so.
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