MAHDOOD on Nostr: It’s made by coinkite. You basically split your 24 word seed in three (8 words ...
It’s made by coinkite. You basically split your 24 word seed in three (8 words each). I never used it so there could be more it but my guess is you have two backups for each set of 8 words. You store them in 6 different locations kind of like a multisig. I think the benefit is you don’t need so many signing devices and you don’t have to pay the higher fees of a multisig transaction.
Published at
2025-03-16 18:32:55Event JSON
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"content": "It’s made by coinkite. You basically split your 24 word seed in three (8 words each). I never used it so there could be more it but my guess is you have two backups for each set of 8 words. You store them in 6 different locations kind of like a multisig. I think the benefit is you don’t need so many signing devices and you don’t have to pay the higher fees of a multisig transaction.",
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