TELOS LOST KEY RECOVERY PORTAL; The TELOS token value Part 4

If you been in the cryptocurrency space for a while, you have probably heard that if you don’t own or have your private keys in your possession, those coins or tokens don’t belong to you. Usually this is said when people leave large sums of Cryptocurrency in the exchanges. When you really look at that statement, it is really universal in the Cryptocurrency space. We have heard stories of people at the early stages of Cryptocurrency, storing their private keys in a computer or even on paper to find out that they accidentally recycled the computer or threw the paper away. I read a story about a guy in the UK who had mined 7,500 Bitcoins on his computer and somehow it ended up in a recyled yard. He has been trying to get the council in that area to allow him look for it in the recycle yard to no avail. At the time of this writing, that 7,500 Bitcoins is worth around $50 million dollars. Ouch!!!

In most Cryptocurrencies, when your private keys get stolen, compromised, or lost, your coins or tokens are gone forever. From statistics about 4 million Bitcoins will never be accessed because people lost or have forgotten their private keys. These Bitcoins are lost forever just floating around in Bitcoin heaven or may be Bitcoin “hell” for people that lost them (that’s probably how those that lost them really feel about the lost Bitcoins because of the…