New Bitcoin Wallet freezes funds to avoid robberies

José Luis Landabaso Bitcoiner developer presented Rewindbitcoin, a Bitcoin Wallet (BTC) that introduces vaults with lock time for Freeze assets and reverse unauthorized access. Launched on June 12, it is a self -rust purse from a mobile application (Hot Wallet) and is now available for iOS and Android.

To protect the bitcoins in danger, they are transferred the funds to one of those vaults (Vault in English) within the Walletwhere they are frozen and protected against immediate movements, Landabaso explained.

When a user needs to use the bitcoins stored in a vault, he must unlock those funds. This process begins with a waiting period for example 24 hours, during which the user or a delegate You can cancel the operation if it detects unauthorized accesslike a hacking or an external coercion.

That window offers a time space to evaluate the situation and stop the operation before the funds are available.

While the developer does not explicitly mention it, it follows that the mechanism of freezing BTC in vaults in Rewindbitcoin is based on Bitcoin’s native capabilities such as the nlocktime, a function that delays transactions confirmation Until a specific moment, adding a security layer that hinders the immediate movement of assets before an attack.

For example, if a third force unlocking, the user or a designated delegate can cancel the operation before the established period culminates, offering a critical response window.

Another outstanding functionality is the address of panic, which allows you to transfer frozen funds to external storage with a single command. That transfer to another direction unknown by the attacker ensures that the assets are out of reach, all in real time.

More characteristics of the Wallet Rewindbitcoin

Rewindbitcoin also includes Instant alerts to detect unauthorized accessesintegration with a surveillance system (Watchtower) and biometric encryption.

The project does not resort to subscription Fees or external cosignarios, although it does apply a Unique 0.4% rate when creating a vault. Landabaso plans to open the complete source code once the brand consolidates, after having already released around 80% of its infrastructure through Bitcoinerlab.

For new users, the Wallet offers a test network with simulated coins, allowing to become familiar with its risk without risk. Meanwhile, advanced can take advantage of tools such as acceleration button (RBF, Replace-by-Fe) For urgent operations.

Finally, Landabaso has promised to attend community comments in its publication, suggesting that Rewindbitcoin’s evolution could meet the emerging needs of users in the coming months.