What is Social recovery?
Recovering a wallet through trusted guardians instead of a single seed phrase.
A wallet can be split so that a quorum of guardians can restore access if you lose your device. It trades a single point of failure for a social one.
Choose guardians who are technically careful and independent of each other; a quorum of friends who all use the same password is not a quorum.
Related terms
- Multisignature walletSecurity
A wallet that needs several keys to approve a transaction, removing a single point of failure.
- Seed phraseSecurity
Twelve or 24 words that regenerate every key in a wallet; never type it into a website.
- WalletWallets
Software or hardware that holds keys and signs transactions; it does not hold coins.