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.
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.