VerifiedX, a decentralized Layer 1 blockchain protocol, has launched Vault Accounts, a novel on-chain custody solution designed to enhance Bitcoin security and user autonomy. Unlike traditional custodial wallets or smart contract-based systems, Vault Accounts are fully integrated into the VerifiedX network, providing features such as time-locked transactions, one-click recovery, and trustless escrow. Notably, users can tokenize and recall Bitcoin (vBTC) without intermediaries. 

A core contributor at VerifiedX highlighted, "For the first time in blockchain history, users have a secure, decentralized method to store, manage, and recover Bitcoin with complete on-chain logic—no bridges, no third-party custody, and no smart contracts required." 

Vault Accounts introduce programmable Bitcoin storage with built-in recovery mechanisms. Users can mint vBTC, transfer it to their Vault, and utilize features like time-locking, which delays transaction settlements for over 24 hours, allowing senders to reverse errors or disputes. The transaction callback feature enables instant cancellation of pending transfers within the time-lock window, and the one-click recovery function routes all funds and assets to a predefined recovery address without exposing private keys.

By leveraging VerifiedX's on-chain architecture, Vault Accounts remove the need for third-party hardware devices or multisignature solutions. All encryption, backups, and asset logic reside entirely on-chain, reducing potential attack surfaces and enhancing user…