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You don’t need splitting the private key. Bitcoin has multisig setup. For example, you can setup your wallet such that 6 out of 10 private keys need to sign in
by netheril96 5y ago
You don’t need splitting the private key. Bitcoin has multisig setup. For example, you can setup your wallet such that 6 out of 10 private keys need to sign in order to transfer funds. Spread that 10 private keys out. Or 3 out of 10. Or 2 out of 5. Any n out of m.
- pshc 5y agoYou're right, gathering multisigs would be much safer than gathering SSS shares because you wouldn't be carrying around bits of the private key.