Vitalik Buterin urges to self-custody crypto

Buterin has emphasized the importance of self-custody for safeguarding assets. Via a Reddit post, he explains that social recovery and multi-signature solutions can help achieve this goal

Highlights

• Vitalik Buterin has emphasized the importance of self-custody for safeguarding assets.
• Multi-sig wallets allow for a single key to sign transactions, but with added security of recovering funds if the key is lost through a group of keys held by others.
• Multisig wallets are more appropriate for cold wallets holding larger savings.
• Social recovery wallets are often used for hot wallets connected to the internet and for day-to-day transactions.
• In contrast, social recovery wallets continue to be used for cold storage or high-value transactions, while multi-sigs are more secure than single-key wallets.
• As the technology for social.

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