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BIP-128

Timelock-Recovery Storage Format.

Draft

Would set a standard file format for recovery plans: pre-signed payments that move coins to a backup wallet after a delay.

Pre-signed payments can protect against a lost seed or help with inheritance. This plan uses two payments, with a waiting period before the second, so the owner can still cancel. A shared format lets one wallet create the plan and another app or service watch it and carry it out.

Read BIP-128 in full on GitHubAll BIPs