Fasqon is developing a seed phrase recovery system that secures user assets using insurance packages against failures and cyberattacks.
What is a Seed Phrase?
A seed phrase is a set of randomly generated words that serve as the key to accessing a crypto wallet, providing direct and decentralized control over digital assets, enhancing privacy and security.
Seed Phrase Registration at Fasqon
Fasqon eliminates traditional registration methods like phone numbers or emails. Users use only a seed phrase, ensuring complete privacy, the creation of unlimited accounts, and prevention of data breaches.
The Seed Phrase Recovery Process
Fasqon is developing a recovery process that includes multiple security steps to confirm user identity. This involves AI-based video calls, mail-in activation codes, and trusted contacts, incorporating a one-year freeze period to prevent fraud.
Fasqon's seed phrase recovery system combines security and convenience, using innovative AI identity verification tools and fraud prevention measures.