Cache (CACHE)

What is Cache

The cryptocurrency industry pioneers the decentralized economy narrative, providing users with complete control over their funds and instant, borderless transfers. However, the current wallet solutions are complex and lack simple recovery options in the event of losing a wallet’s secret phrase.

The Cache ecosystem introduces a suite of smart crypto solutions that simplify crypto ownership, storage, transactions, and recovery for wallet owners. The Cache ecosystem comprises a smart crypto wallet with a smart-contract-based recovery feature, an enterprise-grade escrow module, and a Deadman’s Switch to rescue orphaned crypto wallets.

The Cache Smart Wallet is designed with native time-based crypto transfers and an NFT-based proof-of-time lock that allows wallet owners to configure recovery options in the event of the loss of their secret recovery phrase. The wallet comes with multi-chain support, including Ethereum, BNB, Solana, Base, Polygon, and Optimism, which are pre-configured in the wallet.

The Cache ecosystem also features an advanced escrow solution for businesses that leverage multi-sig authentication and automated time-locked transfers to mitigate the lack of trust in large transactions. It allows both parties to add a neutral arbiter to their transaction, incentivizing arbiters in native $CACHE tokens for their performance.

The Deadman’s Switch is a fail-safe solution that allows automated recovery of crypto assets from orphaned wallets after a set period of inactivity. Wallet owners can configure the conditions for this transfer, including the time of inactivity, destination wallet address, and the type and amount of crypto transfers.