Recently, I saw discussions about the main public chains upgrading/maintaining during that period, and whether the ecosystem will collectively move away. The comment section was lively with debates. I found it both amusing and a bit frustrating: on-chain asset security is really not something that can be solved by taking sides…



To put it simply, when the asset volume is small, I think hardware wallets plus backup seed phrases are enough; don’t make yourself look like you’re managing a fund. But once the money grows, relying solely on “I won’t slip up” isn’t very chill anymore. Multi-signature is more like spreading out the risk, suitable for those with large amounts and who are willing to take a few extra steps (and teammates who don’t mind the hassle). Social recovery sounds very ideal, but I’d be more cautious: having friends/family as guardians is quite realistic and also tests relationships… Anyway, I prefer to keep things simple when possible, and avoid adding difficulty during market swings.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned