Bitcoin developers are developing vault functions to prevent malicious hackers

It is reported that James O’Beirne, a Bitcoin developer, is developing a Bitcoin vault function. When hackers try to steal their Bitcoin, they remind users, and then prevent theft by transferring funds to safer wallets. This function is similar to a Bitcoin smart contract or “contract”, which imposes restrictions on the use of Bitcoin. Vault users must transmit two separate transactions in two different blocks before spending Bitcoin (BTC), and send an alarm after the first transaction (with time delay), allowing users to approve the transaction or scan the token to another wallet. O’Beirne wrote in his draft proposal: “The risk of hosting Bitcoin is well known. This proposal introduces a mechanism that can significantly reduce the worst case result of key leakage: token loss.”

Interpretation of this information:

James O’Beirne, a Bitcoin developer, plans to develop a Bitcoin vault function to prevent hackers from stealing Bitcoin. This will be similar to a Bitcoin smart contract, which restricts the use of Bitcoin. The vault function will require users to send two separate transactions in two different blocks before spending Bitcoin, with an alarm feature after the first transaction, giving users the opportunity to approve or transfer the tokens to another wallet. O’Beirne’s proposal aims to reduce the risk of token loss due to key leakage.