I just saw news that a public chain is about to hard fork, and a lot of people are discussing whether ecosystem projects will take the opportunity to migrate. 😂 Honestly, whenever something like this comes up, my first reaction isn’t to chase the trend—I’d rather first check that my assets in my wallet are stored safely.



For my own small size of just a few ten thousand U, I struggled for a long time over whether to choose a hardware wallet, multi-sig, or social recovery. A hardware wallet is definitely top-tier in security, but every time I need to do anything, I have to get that device out, plug it in, and go through the steps—after a while it just feels bothersome. Multi-sig is more suitable for teams or large amounts of funds. I’m just a retail user; if I set up 2-3, then every transfer still requires finding someone to authorize it, and it feels like I’m running a company. Social recovery is pretty trendy: you choose a few friends you trust as guardians, but honestly, I’m even afraid I’ll forget my own private key—how can I make sure my friends don’t lose that half sheet of paper? 😂

Right now, I’m doing this: I keep major holdings in a hardware wallet, and only keep in exchanges the funds I need to move in the short term. As for this migration wave brought by the public chain upgrade, I’ll choose to observe first and decide whether to switch to another chain only after looking at stability and TVL data. Either way, I’ll make sure my assets are safe first—everything else is a later concern.
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