What is Nostr?
tom / Tom
npub1txg…zl6n
2024-09-15 22:52:14
in reply to nevent1q…l70m

tom on Nostr: Sorry if my answer was confusing. There are three keys In the Bitkey device In your ...

Sorry if my answer was confusing.

There are three keys

In the Bitkey device
In your phone storage
On Bitkeys servers

Any two of them TOGETHER can make a transaction.

The daily limit transaction uses your phone storage and the Bitkey server key. This needs Bitkey server cooperation.

Since two out of three signatures are required, Bitkey server signature alone is not enough. They always need you to also sign it (with the phone storage key). This is just for the daily transaction thing where you might not have your Bitkey device with you

Normally, the Bitkey hardware and phone storage key is used to sign a transaction. All should happen on the phone with help of your Bitkey device (you need internet for the blockchain access of course, I believe via electrum server)

Bitkey themselves cannot access your funds, no. They only have one out of a minimum of two required keys to sign a transaction.
Author Public Key
npub1txg678gej8rz790uddp0492eg2hs2jhrldc9m5lczry8zlkwe9aqppzl6n