Hedera and Algorand team up to develop decentralized wallet recovery system

Bitget App

Trade smarter

Cointime2024/01/12 00:40

By:Cointime

Key participants in the Hedera and Algorand ecosystems, including the HBAR Foundation and Algorand Foundation, announced the establishment of a new alliance called DeRec Alliance on January 11th to create a decentralized digital asset recovery system. The goal of the DeRec Alliance is to simplify the process of protecting and recovering digital assets, and introduces the decentralized recovery (DeRec) open source protocol as a standardized method for secret management. The DeRec protocol will automatically confirm helpers to retain secret shares and automatically re-share them when secrets change or helpers join or leave, without revealing the identity or number of helpers.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Tether, the world’s largest stablecoin issuer, mints another $1 billion worth of USDT on the Tron blockchain on Monday. The stablecoin issuer has issued roughly $12 billion of USDT on Tron since the beginning of 2025. The total supply of USDT on Tron is currently at $71.71 billion.

Cryptopolitan•2025/04/28 21:22

Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets

Share link:In this post: Senator Josh Hawley intends to push to ban members of Congress and their spouses from trading stocks. If the Pelosi Act passes, members of Congress and their spouses will have 180 days to comply. President Trump has stated that he supports the act and would sign it into law.

Cryptopolitan•2025/04/28 21:22