Web3 Builder Stories - Kamil Mamin
•October 8, 2024
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Why It Matters
By enabling secure, decentralized recovery of lost private keys, Toro addresses a major barrier to crypto adoption and could unlock significant stranded value, bolstering user confidence in decentralized finance and inheritance use cases.
Summary
Kamil Mamin, founder of Toro, unveiled a non-custodial “digital will” — a smart-contract-based recovery tool designed to help users reclaim lost crypto assets without sharing mnemonics or handing over private keys. Toro’s interface guides users through three simple steps: select assets to protect, name beneficiaries, and set recovery triggers, enabling asset recovery even if Toro ceases to operate. Mamin cites estimates that roughly 30% of all Bitcoin is irretrievably lost and positions Toro as a practical solution to that systemic vulnerability. He frames the product as a user-friendly, blockchain-native way to reduce permanent asset loss in Web3.
Original Description
Kamil discusses how Tezoro is helping protect crypto assets through onchain digital wills.
Read more about Builder Stories and #Web3forAll: https://consensys.io/blog/web3-for-all-to-protect-builders-everywhere
Tezoro: https://tezoro.io
Kamil Mamin: https://twitter.com/radiokamil
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