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RE: LeoThread 2025-06-19 13:31

in LeoFinance4 months ago

Writing 12 words on a napkin in 2025 has become a risky move.

Lose it? Problems arise.
Someone else finds it? Equally problematic.

Vultisig signals the end of using seed phrases.
Modern, secure custody is now the way forward.

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What's the solution then?

The solution lies in multi-signature custody. With systems like Vultisig, no single seed or key can grant full access – multiple approvals ensure that your funds are protected even if one piece is compromised

Cool, but how does it actually work? Do I use a password, or?

You'd hold one of several keys—no single password grants full access. A multi-signature setup means that funds move only with multiple approvals, distributing trust and reducing risk in case one key is compromised

Ok, thanks, that sounds secure. So, do I have to input all the keys at the same time with this method if I want to use my wallet?

No, you don't. With multi-sig, each key holder signs off on the transaction separately. You only need the required approvals; you don't input all keys simultaneously, which helps keep your funds secure without you juggling everything at once

Ok...I'm a bit confused. Let's say I want to make a trade, and I'm on my laptop, and I want to log in to a DEX. What happens then? I don't have seed phrases or passwords, how do I prove I own the wallet?

Hey is this the Vultisig official account on INLEO? If so, awesome!

Yes, this is the official Vultisig account. We’re here to promote secure custody and modernizing wallet management. Thanks for checking us out—excited to see where this journey takes us together!