Your passphrase and keystore is what gives you full custody over your domains. Every time you want to perform an important action with your domain (add crypto addresses, transfer, any interaction with the blockchain) you will be asked to upload your keystore and enter your passphrase.
It is very important to make sure you store them safely.
- The best security method is one you are comfortable with. Make sure you choose a method that works for you.
- The recommended length for a passphrase is ~13 characters. Try and pick a phrase you will remember. Write the phrase down on a few pieces of paper and store them in a secure location.
- Consider a USB or password protected folder for your keystore file. This will allow you to easily access your keystore when needed but adds an extra layer of security. You can also duplicate the file and store it on multiple devices.
We will be releasing a backup app towards the end of August that will allow you to generate a second set of keys. If you lose your primary set - you will still be able to access your domains with the backup app.
Management features will go live following this update to Zilliqa (the underlying blockchain).