Ethereum founder Vitalik Buterin says ‘decentralize your security’

Self-custody wallets, especially hardware wallets, have grown popular as third-party risks become apparent, as in the case of FTX implosion.However, users can be the biggest risk factor to hardware wallets. They can easily forget their stashed seed or, worse, have it stolen.M-of-N, some keys held by you , the rest held by other people you trust. Don’t reveal who those other people are, even to each other. Decentralize your own security.

”Alternatively, one can use Shamir backup, which typically splits the recovery seed phrase into multiple pieces across devices.“Way easier to screw up than a multisig.”“It depends who’s storing the shamir shares! I think the questions,The growth is likely to come with the above challenges, but Shamir or “multi-sig” can be possible solutions based on the user’s risk profile.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends.

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