Diversified set of guardians required for safe self-custody: Vitalik Buterin
In a Reddit post, Buterin emphasized that having too much of a concentrated grasp of your self-custody wallets can be a bad thing if you get “hacked, coerced, or incapacitated or die.” Ethereum co-founder Vitalik Buterin has emphasized the importance of having a varied set of “guardians” to maximize the safety of crypto asset self-custody via multisig and social recovery wallets. Given the ever-growing rate of crypto scams and hacks over the past few years, and several major crypto firms going bust in 2022, the importance of self-custody and maintaining sufficient wallet safety procedures has never been more important. In a March 16 Reddit post on the r/ethereum community titled “How I think about choosing guardians for multsig and social recovery wallets, Buterin gave a detailed run down of how he approaches wallet security. Self-custody is important. And social recovery and multisig is a great way to do it. A quick reddit post on how I think about choosing guardians for social recov...