Post
Topic
Board Hardware wallets
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
by
rohanagarwal7
on 30/04/2024, 18:28:31 UTC
Quote
Cypherock Cover, the  scheme that makes the  simple stuff   unfeasibly large and bulky.

Speaking of inheritance itself. Split SEED phrase into SSS blobs using 2 of 3 scheme.  Encrypt each blob with your hardware based  pgp key (How the setup such keys is described here). Give one of the encrypted  blobs and   HW security key to your nominee.  Include one of the remaining  encrypted blobs into you legal will with  assigned   nominee as the lawful beneficiary under will. Instruct lawyer to hand over this will to nominee after your passing.As simple as that. A simple and reliable  inheritance plan that doesn't require Cypherock Cover.

You don't know how difficult that is for 99% of the people to do what you just described. So many ways you can screw things up and prevent the assets from being inheritable. Not to forget how expensive it can be to update this setup over time relative to our solution.