|
Title: [ANN] KeyPocket - Usable private key storage and recovery Post by: njlr on April 12, 2016, 03:40:01 PM Hi all,
I've been working on a private-key backup system using Shamir secret sharing for security and redundancy. Each secret is divided into n "shares", where k of n shares are required to recover the secret. The shares are put on a range of devices that you (or people you trust) control. If your secret is lost, just collect the shares to recover it. The app makes this workflow easy. You can find out more information here: http://www.keypocket.io/ (http://www.keypocket.io/) FAQ Doesn't spreading my key compromise security? Shamir secret sharing is information theoretically secure. As long as k of n shares are not compromised, your key will be safe. What if I don't own many devices? Owning a few devices is a requirement. However, you can also use your friend's devices and cloud services. For example, you could keep a share on your laptop, on your phone and on Dropbox. You could even print one out. Similar Projects PassGuardian - safety in numbers http://passguardian.com/ Title: Re: [ANN] KeyPocket - Usable private key storage and recovery Post by: RealBitcoin on April 13, 2016, 01:03:21 PM Interesting initiative, but you might want to release the source code for it.
Otherwise it might look like a private key stealing scam. Good luck! Title: Re: [ANN] KeyPocket - Usable private key storage and recovery Post by: njlr on April 14, 2016, 08:51:47 AM Interesting initiative, but you might want to release the source code for it. Otherwise it might look like a private key stealing scam. Good luck! Yes, absolutely. The source code is available here: https://github.com/nlr/KeyPocket (https://github.com/nlr/KeyPocket) Please keep in mind that it is at a pre-alpha stage! Title: Re: [ANN] KeyPocket - Usable private key storage and recovery Post by: RealBitcoin on April 14, 2016, 10:20:18 AM Interesting initiative, but you might want to release the source code for it. Otherwise it might look like a private key stealing scam. Good luck! Yes, absolutely. The source code is available here: https://github.com/nlr/KeyPocket (https://github.com/nlr/KeyPocket) Please keep in mind that it is at a pre-alpha stage! OK good luck with it, it's always good to have security initiatives. I can already see how useful this can become for bitcoin companies. They can just split the backup of a priv key between CEO, CFO, and CSO And for regular usage they just use multisig. This is more for backup purposes. |