Covenant Wallet

General
1

Kaspa Wallet Switch To a Covenant Wallet State For Funds Sovereignty:

A Covenant wallet that is blonde by a covenant state

Where a user create wallet or import wallet by a covenant user need to claim their.k name as a unique id to blonde to their wallet and fund’s deposit in a covenant address or id to protect funds and enfored by user but the rules are base on the covenant state timeline base on user enforcement. creating a sub covenant vault but it still link to you is possible too.

:bust_in_silhouette: USER

CREATE WALLET OR IMPORT WALLET
▼
CLAIM
▼
:id_button: @name.k
|
YOUR UNIQUE ID
▼
:bank: YOUR MAIN VAULT
▼
COVENANT

│ :locked_with_key: Protected │

│ :money_bag: Your KAS │
│ :id_button: @name.k │
│ :clipboard: Your rules |
▼
You can divide your money
according to its purpose
▼
SPEND / SAVE
▼
Covenant Vault Never Expired, Only if you set up expired Time line

  1. You create your wallet

    You choose a unique identity: @name.k
    That’s the easy name you use to identify your wallet.

  2. Your wallet gets a main covenant vault

    Think of this like your main secure box. Your KAS goes into this box, and the covenant establishes the rules for how the funds can move.

  3. You can create smaller-purpose vaults. From your main vault, you can have (spend money you want to use for normal payments) and (save money you want to keep separately for savings).They are still connected to you, you don’t need three completely different wallets. They are different purpose vaults belongs to the same @name.k identity. Think of it like a house, your @name.k is your identity inside the house.

    You have:
    :house: @name.k
    │
    ├── :credit_card: Spending room
    └── :bank: Savings room
    The covenant is like the rules for each room and you enforce the rules by choosing either to put it on vault that never expired and can be withdraw at anything but it secure by the covenant rules itself or choose other covenant state .

     The main Idea

    One human-readable identity → one main covenant vault multiple purpose-specific covenant vaults. And the important distinction remains:
    @name.k = your identity/name
    Covenant = the rules controlling the vault and enforce by you
    KAS = the money stored in the vault.

  4. CONCLUSIONS: Covenant is a very powerful tools I believe in the future kaspa covenant can help institute funds safe and lock and saving on chain with covenant it can help alot. It will fix the funds stolely and hacking issues. Wallet can build covenant for wallet user you open a wallet with a covenant to secure funds on chain even if attack happen. You can’t lose your funds if you don’t approve the covenant transactions. Remember covenant as a unique id that can’t be steal or hack non fake