What is the revocation file purpose?

Category Technology and security of the system

There is no "forgotten password" option

In the G1 currency system your wallet is not managed by a centralised organisation. Everybody is responsible for the management of his or her own account. Nobody can retrieve your identification phrase and your password.  

The Revocation file is a file you can download only on a computer (the Cesium app for smartphone has a bug for the revocation file download). 

What if you loose your identification phrase and password?

If you can't access your wallet anymore, your Ğ1s are lost forever, and you account keeps creating money for nothing. 

The same goes for a member account getting hacked and someone accesses your co-creator account/wallet. That would be a bummer to be creating money for some pirates... 

It's not possible to set up a new co-creator wallet while your former wallet still creates money. The only option that you have if you loose your passwords or if your account is hacked, is to revoke your account by using the revocation file (you can find it in the options in your Cesium wallet). 

It is important that your revocation file stays available somewhere even if your computer breaks or something happens to it. So copy this file on various devices (cloud, hard drive, etc). 

This document is based on the date on which you requested to become a Ğ1 currency co-creator (whether that is from transforming your existing simple wallet to a member wallet/account. or creating a totally new member wallet/account, with very strong passwords, 35-50 characters long (this is recommended)).

If you had to carry out the process of member account creation a couple of times to get your final certifications (for example, if you didn't get the required number of certifications and your member wallet switched back into a simple wallet after the 2 months period), then you must re-download the revocation file again, related to this newly created account/wallet (don't forget to delete the previous one).