Ethereum founder Vitalik Buterin is calling for the development of robust wallet solutions to reduce the risk of accidental loss of cryptocurrencies. Buterin highlighted that while crypto hacks receive a lot of attention, not enough focus is given to assisting those who have lost access to their digital assets due to various reasons such as software bugs, forgotten passwords, lost devices, or physical damage to wallets. He emphasized the need for a social recovery system that allows investors to use their wallets normally with designated "guardians" in place if access is lost. Buterin has been advocating for this approach since January 2021. The article also mentions real-life examples of individuals losing significant amounts of cryptocurrencies due to different circumstances, underscoring the importance of addressing this issue.



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