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0 sats \ 3 replies \ @BitcoinHandsOn OP 2 Nov \ parent \ on: For individuals - split seed phrase, seed phrase and passphrase, or multisig? bitcoin
SLIP-39

How does it improve on just splitting the seed mnemonic, could you give me the lowdown?

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100 sats \ 2 replies \ @optimism 2 Nov

Shamir's lets you split it into a 2-of-3 for example, so you are hardened against loss. Loss is still the #1 enemy.

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100 sats \ 1 reply \ @BitcoinHandsOn OP 2 Nov

So, is that like having a 24 word seed phrase, then you split it into 3 parts - one with say the first 8 and the last 8, the other with the middle 8 and the last 8, and the third with the first and middle 8, that type of thing?

(never mind, I did a little research on Shamir's Secret Sharing. seems very different).

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0 sats \ 0 replies \ @optimism 2 Nov

The idea is like splitting 24 words in 3 parts of 12, or 4 parts of 12, or 4 parts of 8, but so that you can form the whole 24 with only 2x 12, not 3x 12.

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