Common use of Risk of Blockchain Mining Attacks Clause in Contracts

Risk of Blockchain Mining Attacks. You understand and accept that, as with other cryptocurrencies, some blockchains used for the Smart Contract System are susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Smart Contract System and the expected proper execution and sequencing of Crypto Asset transactions. ■ Risk of Losing Wallet Access Information (Loss of Private Key): You understand and accept that the Company has no access to your Wallet or Wallet Access Information at any point in time. If you lose the information and codes issued to you when establishing the Wallet and Wallet Access Information, the Company has no way to recover your Wallet and/or any Crypto Assets that are associated with it. Unauthorized third parties may, as a result thereof, access your Account or Wallet and effect transactions without your knowledge or authorization. You understand and accept all risks associated with unauthorized use of your Account, Wallet and/or Wallet Access Information.

Appears in 2 contracts

Samples: User Agreement, User Agreement

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Risk of Blockchain Mining Attacks. You understand and accept that, as with other cryptocurrencies, some blockchains used for the Smart Contract System are susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Smart Contract System and the expected proper execution and sequencing of Crypto Asset transactions. § Risk of Losing Wallet Access Information (Loss of Private Key): You understand and accept that the Company has no access to your Wallet or Wallet Access Information at any point in time. If you lose the information and codes issued to you when establishing establish- ing the Wallet and Wallet Access InformationWallet, the Company has no way to recover your Wallet and/or and or any Crypto Assets that are associated with it. Unauthorized You understand and accept that unauthorized third parties may, as a result thereof, may access your Account or Wallet and effect transactions without your knowledge or authorization. You understand and accept all risks associated with unauthorized use of your Account, Wallet and/or Wallet Access Information.

Appears in 1 contract

Samples: Exchange User Agreement

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Risk of Blockchain Mining Attacks. You understand and accept that, as with other cryptocurrencies, some blockchains used for the Smart Contract System are susceptible to mining attacks, including but not limited to double-spend attacks, majority mining power attacks, “selfish-mining” attacks, and race condition attacks. Any successful attack presents a risk to the Smart Contract System and the expected proper execution and sequencing of Crypto Asset transactions. Risk of Losing Wallet Access Information (Loss of Private Key): You understand and accept that the Company has no access to your Wallet or Wallet Access Information at any point in time. If you lose the information and codes issued to you when establishing establish- ing the Wallet and Wallet Access InformationWallet, the Company has no way to recover your Wallet and/or and or any Crypto Assets that are associated with it. Unauthorized You understand and accept that unauthorized third parties may, as a result thereof, may access your Account or Wallet and effect transactions without your knowledge or authorization. You understand and accept all risks associated with unauthorized use of your Account, Wallet and/or Wallet Access Information.

Appears in 1 contract

Samples: Exchange User Agreement

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