LIana Wallet v10 is out! \ stacker news ~bitcoin

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LIana Wallet v10 is out!wizardsardine.com/blog/liana-10.0-release/

1352 sats \ 8 comments \ @Wizardsardine 3 Apr bitcoin

Bitcoiners are good at backing up their seeds, but we don't talk very much about all the other stuff that's important to backup: descriptors, labels, alias, etc.

This version we've included an easy wallet backup feature that exports everything about your wallet (except the seed/keys) to a simple json file for easy migration to a new device or storage as a backup. We even included the address generation index so your wallet restore can start generating unused receive addresses right away.

Liana Wallet is a simple desktop wallet that does all the basics you expect in a rock-solid wallet: coin control, labeling, singlesig, multisig. But Liana also supports miniscript: this means you can set up wallets with timelocked recovery keys or expanding multisigs. Liana includes easy templates for such wallets or you can build your own.

If you've never used a wallet with miniscript before, check it out!

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100 sats \ 2 replies \ @criptopanas 9 Apr

I was yesterday in the Zoom call you guys did.

I got a few more questions about how Liana works....

When I'm doing the set up for the inheritance planning, do I need to give to my heirs the secondary key or just the descriptor? Do they need access to my PC where I installed Liana?
On the Expanding Multi Sig Set up. On the example Liana shows, the primary keys is 2/2 multi sig. The recovery key is 2/3 multi sig. So, on this set up, you need 5 different keys? or could you use less?

Thanks!

0 sats \ 1 reply \ @Wizardsardine OP 9 Apr

Thanks for joining!

There are a lot of ways you can do it. Most basic is this: you do the set up entirely on your own.

You set up a wallet with 1 primary key (this is your key which you use to spend from the wallet) and 1 inheritance/recovery key. For this key, coins are timelocked for some a customizeable length of time (up to ~15 months). As long as you use your primary key to spend the coins (even just as a self-send to refresh the timelock) before the timelock expires, the inheritance key will not become active.

This means you could give it to your heir or to an executor without worrying that they will sweep the funds.

In the case where you want to create an expanding multisig, where you have a 2 of 2 with a third recovery key that becomes active later if you lose a key:

You actually create a 2 of 3 wallet (only three keys total), but coins are timelocked for the recovery key and it cannot be used unless the primary keys don't spend for a time longer than the timelock.

This is pretty useful if you want to do a multisig but don't have a secure place to keep the extra keys in the threshold: you can do something like a 2 of 2 which would normally be risky (what if you lose one of the keys?) knowing that you have a backup key (or multiple) that you can use in a worst-case scenario.

100 sats \ 0 replies \ @criptopanas 10 Apr

Thanks for the reply.

As an idea, it might be good to include some recommendations for users about UTXO management, in case they need to "refresh" multiple UTXOs during a high-fee period.

100 sats \ 1 reply \ @CruncherDefi 3 Apr

Does Liana work with seed signer? If not are there any plans supporting it?

15 sats \ 0 replies \ @Wizardsardine OP 3 Apr

Liana uses miniscript, and at the moment seed signer doesn't have support for miniscript. Seems like more and more projects are implementing miniscript every day, so let them know it's an important feature for you and we'll do our best to help out.

100 sats \ 2 replies \ @Bitcoiner1 3 Apr

Are there any video tutorials about it? English or Spanish works for me.

Obrigado

0 sats \ 1 reply \ @Wizardsardine OP 3 Apr

@BTCsessions did a pretty great tutorial last month.

You can find most of the video tutorials we've made on our support page.

10 sats \ 0 replies \ @Bitcoiner1 3 Apr

Excellent 👌