Would love to hear what people think about it. Seems like it could be a good alternative to services like Casa.
12 sats \ 0 replies \ @TheBTCManual 27 May 2022
I have a Jade and have yet to see this option for it, I have been using it on green but I don't see how it helps as a custody service, it's a 2-2 I think you need atleast a 2-3 in case you lose 1 key losing 1 key in a 2 of 2 is pretty much tickets
Also I wouldn't want a long term storage with a key on a server which is a possible point of attack, rather create an offline multi-sig yourself
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12 sats \ 0 replies \ @holger 27 May 2022 freebie
Blockstream Multisig Shield is not working with an HWW like Jade. It is a 2 of 2 multisig where one key is held by the wallet in the device (e.g. stored into the android phone, protected by a pin) and the other is stored at the server.
key points
- wallet seed is generated by the wallet and shown on a device with access to internet
- After 365 days, the multisig converts to a single sig (timelock expires), when not renewed with a transaction within this period
- HWW cannot be used to protect the private key
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