On June 5, 2025, VerifiedX, a trailblazing decentralized layer – 1 blockchain protocol, made a significant announcement with the launch of its Vault Accounts. This innovative on – chain custody solution is set to redefine the security and user – control landscape for cryptocurrency, especially for Bitcoin holders.
The Distinctive Features of Vault Accounts
Unlike traditional custodial wallets or smart – contract – based solutions, Vault Accounts are an inherent part of the VerifiedX network, offering a unique array of features. These include time – locked transactions, one – click recovery, trustless escrow, and the remarkable ability to tokenize and recall Bitcoin (VBTC) without the involvement of intermediaries.
Core to the Vault Accounts is a revolutionary concept: programmable Bitcoin storage with built – in recovery logic. Users can mint VBTC (Verified Bitcoin), transfer it to their vault, and then utilize advanced features such as time – locking, which delays the settlement of transactions for 24 hours or more. This provides senders with sufficient time to rectify errors or resolve disputes. There is also a transaction callback feature, enabling users to instantly cancel pending transfers within the time – lock window in the event of errors or security breaches. Additionally, the one – click recovery feature allows for the seamless transfer of all funds and assets, including BTC and VFX, to a pre – defined recovery address created during account setup, all without exposing private keys.
Advantages of the On – chain Architecture
By leveraging the VerifiedX on – chain architecture, Vault Accounts eliminate the need for third – party hardware devices or multisig solutions. All encryption, backups, and asset logic are managed entirely on – chain, reducing potential attack surfaces and returning control to the user.
Account Creation and Operation
To create a Vault Account, users only need a secure password (which is not stored on – chain) and 5 VFX to fund the account (4 VFX are burned upon activation). Once activated, users can securely store, transfer, and reclaim Bitcoin and tokenized assets with complete autonomy. In the case of a breach, incorrect transfer, or compromised environment, users can execute a one – click recovery to transfer all vault – held BTC and VFX to their private recovery address, a safeguard mechanism not currently available in any existing wallet or network.
VerifiedX is a sovereign, layer – 1 blockchain protocol designed from the ground up to enable self – custody, asset tokenization, and decentralized commerce. With its flagship Switchblade Wallet and novel native features like Vault Accounts, VerifiedX provides users with the tools to have full control over their assets, free from the influence of third parties. Vault Accounts are now available through the VerifiedX Switchblade Wallet, marking a new era in Bitcoin security and user – centric cryptocurrency management.
Related topic:
