Quote from: josell on August 20, 2017, 03:12:14 AM

Quote from: BTCetera on August 20, 2017, 01:52:52 AM

i will also be following this. excuse my dumb question, but how is diff from a multisig wallet where 3 out 6 sigs are needed to transfer funds?

Good question, it is not dumb at all!

Both cool wallets and multisig wallets use (usually) the same Shamir's algorithm, so they are not different in the core, except in the use case, just as different coins use the same blockchain technology to provide different services.

The purpose of this project is to create tools (even embeddable libraries) that allow common users to secure his / her funds easily, so the tool will be designed to be as simple as possible, using familiar vocabulary over technical or theoretical terms, to promote higher adoption.

We're considering the design an interface that the user can use to get Wallet parts from QR codes and the application will be designed to hold the recovered key in RAM memory, and use it with different wallets, so the user will not need internet or online portals to produce and open his wallet. We will probably have to cooperate with developers of different wallets.

The purpose is one: Higher adoption of better security standards for users of cryptocurrencies, and higher options to produce the idea cool storage wallets, by his own risk tolerance and requirements.

so the TLDR is: you are making multisig wallets easier to use and be developed upon. Right?