Dash Evolution has become the world's first crypto wallet to enable "duress codes"
For the past few months, the crypto wallet Evolution has been beta testing duress codes. In normal use, the Evolution wallet is protected by a password. However, in extreme circumstances, such as being held at gunpoint, a user can enter an alternative password - a duress code - to trigger an alert. Subsequent transactions will functions as normal, however, a special trigger is also engaged to alert family and friends of imminent danger.
Dash's duress codes are hidden in Evolution's Address Book Cloud and executed by Dash's network of Masternodes. It is believed to be the first public safety feature deployed in a Distributed Autonomous Organisation (DAO).
Evan Rescued
Earlier this month, in a dramatic turn of events, Evan Duffield, the lead developer of Dash, was successfully rescued in an attempted armed robbery, "I was in my hotel room when I answered the door to room service. Two men burst in and held me at gunpoint, demanding I transfer five million dollars." Evan goes on to explain how his team of developers had been beta testing duress codes, "I used my duress code but because this was beta code, I wasn't quite sure if the trigger would be believed. Fortunately it was acted on and the robbers were arrested in the hotel lobby."
The Dash Innovative Nation
The introduction of Chip and PIN was a turning point for the likes of Visa and Mastercard. By moving to Chip and PIN, they had simultaneously moved some security responsibility and liability to the end user. Despite this shift in security, duress codes were never implemented. In such light, the Dash community is proud of it's forward thinking and innovative approach to digital cash, and enhancing the user experience.
For the past few months, the crypto wallet Evolution has been beta testing duress codes. In normal use, the Evolution wallet is protected by a password. However, in extreme circumstances, such as being held at gunpoint, a user can enter an alternative password - a duress code - to trigger an alert. Subsequent transactions will functions as normal, however, a special trigger is also engaged to alert family and friends of imminent danger.
Dash's duress codes are hidden in Evolution's Address Book Cloud and executed by Dash's network of Masternodes. It is believed to be the first public safety feature deployed in a Distributed Autonomous Organisation (DAO).
Evan Rescued
Earlier this month, in a dramatic turn of events, Evan Duffield, the lead developer of Dash, was successfully rescued in an attempted armed robbery, "I was in my hotel room when I answered the door to room service. Two men burst in and held me at gunpoint, demanding I transfer five million dollars." Evan goes on to explain how his team of developers had been beta testing duress codes, "I used my duress code but because this was beta code, I wasn't quite sure if the trigger would be believed. Fortunately it was acted on and the robbers were arrested in the hotel lobby."
The Dash Innovative Nation
The introduction of Chip and PIN was a turning point for the likes of Visa and Mastercard. By moving to Chip and PIN, they had simultaneously moved some security responsibility and liability to the end user. Despite this shift in security, duress codes were never implemented. In such light, the Dash community is proud of it's forward thinking and innovative approach to digital cash, and enhancing the user experience.
in FIAT ? 