Bittensor 7.3.0 Update: Cold Key Swap Feature Added

IconCryptoNewsTerminal Staff12 Jul, 2024

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Bittensor 7.3.0 Update: Cold Key Swap Feature Added

The OpenTensor Foundation (OTF) has announced the release of the Bittensor 7.3.0 update, which includes the new 'Cold Key Swap' feature as part of ongoing security measures after the organization lost $8 million worth of Bittensor (TAO) last week. This feature allows users to schedule a Cold Key Swap Reservation, enabling them to securely transfer their assets from a potentially compromised wallet to a safe one. The update is available now via X. The Cold Key Swap feature is a critical security measure for Bittensor users, as it allows them to protect their assets in the event that their wallet is compromised. By scheduling a Cold Key Swap Reservation, users can ensure that their assets are transferred to a secure wallet before the attacker has a chance to access them. The implementation of the Cold Key Swap feature demonstrates OTF's commitment to the security of its users and their assets. The update is a welcome addition to the Bittensor platform and will help to protect users from future attacks.

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