Re: BIP 39 and SLIP 39

Quote from: pomme7000 on September 16, 2024, 11:48:52 PM

I’m still a novice here, but don’t multisig and Shamir address two different needs/issues?

Multisig exists so that more than one person is required to authorize a transaction. But Shamir exists so that more than one seed shard is required to restore a wallet seed phrase. Is this not the case?

Exactly that, to better understand shamir backup, I recommend this link from Trezor (Satoshi Labs), creator of SLIP-39: https://trezor.io/learn/a/what-is-shamir-backup

I also found this link from the Trezor blog that should explain more: https://blog.trezor.io/20-word-wallet-backup-your-questions-answered-bff078922644