Doc-ID:CC-05
Category:Account Security > Emergency Contact
The feature that one account can be an emergency contact of another account is realized by the KEY ID smart contract. MYKEY APP is a wallet software developed based on KEY ID, and the restrictions on adding emergency contacts are only in the APP. Users can still add other accounts directly to the KEY ID contract.
MYKEY APP only allows to add MYKEY Lab official as the emergency contact for two reasons.
1. To simplify the operation of users' multi-chain management
Now, there is no difference compared to enable a blockchain feature for users to enable and use ETH and EOS features in MYKEY at the same time. Users only need to remember one recovery phrase and password.
Emergency contacts have different addresses on different blockchains. If allowing to add accounts freely, users need to set up emergency contacts on each blockchain or different accounts, and the management difficulty will increase exponentially.
2. To reduce risk
Most of the private keys are stolen by people around. For ordinary users to become emergency contacts, they also need to have certain knowledge and skills. If users can add emergency contacts without restriction, they need to bear the risk of that acquaintances are malicious and unreliable.
With comprehensive consideration, MYKEY lab will provide emergency contact service in person at the first stage. In the future, professional institutions such as banks, groups, and KYC institutions will be introduced to give users more choices.