Vitalik Buterin Advocates for Multi-Signature Wallets in Asset Security

Wednesday, 1 May 2024, 16:28

Ethereum's Vitalik Buterin highlights the security advantages of multi-signature wallets compared to hardware wallets, promoting a decentralized approach to protect personal funds. Buterin stresses the importance of using multi-signature wallets, distributed among trusted parties, to mitigate risks and enhance security measures.
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Vitalik Buterin Advocates for Multi-Signature Wallets in Asset Security

Multi-Signature Wallets Over Hardware Wallets

Vitalik Buterin promotes the use of multi-signature wallets over hardware wallets to secure personal funds. Using an M-of-N approach, the control of funds is distributed among multiple parties for decentralized security.

User Vigilance and Responsible Storage

  • Buterin advises against disclosing the identities of trusted parties to ensure privacy.
  • Founder Peter Watts warns of risks related to human error in hardware wallet use.
  • Even the most secure hardware wallets can be vulnerable to user-related errors.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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