- You pick a handful of trusted contacts (friends/family).
- If something happens and you can’t access your wallet, they can request access.
- There’s a wait period (a few days?)—during that time, you could approve or deny. If you do nothing, access is automatically granted.
- Ideally, it would preserve maximum security, so your keys aren’t exposed unnecessarily, but the funds are accessible to your trusted people.
Let me start with this thing doesn’t have any business with bitcoin network, the bitcoin doesn’t know or care about anything related to how you access you bitcoin on the blockchain, how your private key or rather seed phrase that is supposed to be use for this been handle doesn’t actually concerns the network, that’s the dependent on your wallet client and custodianship
Who do you actually request access from, because if you use a non-custodial wallet only you have access to the private keys and if they have a feature that allows you to add members so that they can give them access later on request then that’s not a self custodial wallet but rather custodial wallet where the wallet developer itself has access to those keys or seed phrase and you no what that means, as long as it is not only you that have access to your keys then it is no longer safe
There can be wallet designed for this or even exchanges but definitely this will be centralized platforms that will definitely have access to you and your added members details plus the wallet keys to and this is in no where close to anything Maximum Security.
The ultimate maximum security is simply been your own bank and no other access to your keys, anything else is redundancy