Monad proposes wallet upgrade that could survive lost keys and quantum attacks

Monad’s proposal takes a different approach at the account level — where users could replace today’s cryptography with a quantum-resistant scheme without changing their wallet address or moving their assets.

The network has grown to roughly $939 million of crypto locked across its decentralized-finance applications, according to DefiLlama, with about $732 million in stablecoins and $329 million of decentralized-exchange trading over the past 24 hours. Its MON token was up about 2% on Tuesday.

How Monad’s proposal works

Monad’s design would let users add, replace or retire the credentials that approve transactions while keeping the same address. Those credentials could include traditional crypto keys, passkeys used on phones and laptops, multiple signers or cryptography designed to resist future quantum computers.

It could also let users recover an account after losing a key without moving assets to a new address.

A user could, for example, set up an account where either their normal key works or two trusted people acting together can install a replacement if that key disappears.

Users could similarly turn an existing account into a multisignature wallet or upgrade it to a post-quantum security scheme without changing the address or moving their assets.

The proposal remains an early draft. Authors Kushal Babel and Jan Camenisch said the current version covers the broad design, while a detailed implementation specification still has to be written.