Personal Contribution Reward Safety Plan
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As long as individuals ensure the security of their private keys, their assets will be safe. However, it cannot be ruled out that some contributors may not have secured their private keys properly, mainly in two situations:
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Private key theft: That is, the private key is stolen by others. If it is discovered that the private key has been stolen, the balance should be transferred to another address immediately, and the reward address should be changed immediately.
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Private key loss: That is, the individual loses their own private key. If the private key is lost, the balance cannot be transferred, and the reward address should be changed immediately.
The contribution reward address and the amount of the reward have been established through a fair evaluation process, and changing the address will jeopardize the credibility of the governance mechanism. In order to prevent the private key from being stolen or lost, it is recommended that contributors adopt one of the following security plans in advance using cryptographic technology:
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Define equivalent private keys: With the "password relationship" function of sign.cash, define one or more addresses that are "equivalent" to the reward distribution address. Once the reward distribution address is lost, a replacement declaration signed by the equivalent address can be issued, and after the governance fund verifies the signature, the reward address can be changed. Note: Please keep the equivalent private key and the reward address private key separately. Keeping them together may result in loss.
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Define a supervisory private key: If the private key of the reward distribution address is stored in an online wallet, the risk of theft is greater than that of offline storage. It is recommended to use the "password relationship" function of sign.cash to define a "master-slave" relationship: Import the online private key into a secure signature device, and define a more secure offline private key as the "supervisor" of the online private key. Once the online private key is lost, the supervisor private key can be used to declare and terminate various offline rights of the subordinate private key, and transfer these rights to the master address, including changing the contribution reward distribution address to the master address.
Defining an equivalent or master-slave relationship cannot change the ownership of FCH on the chain, but it can help to retrieve various off-chain rights, making the FreeCash ecosystem more flexible on a secure basis.
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