SRS: Secrets Recovery System
This is an excerpt of a whitepaper that I co-authored with a number of colleagues.
SRS is a secure, multi-party retrieval service that simplifies non-custodial crypto wallets. It eliminates the need for remembering lengthy recovery phrases by using convenient 4-word mnemonics. Unlike HD wallets, SRS allows an arbitrary set of secrets to be stored and recovered with one short phrase. It supports use cases for both long-term vaulting of secrets and daily joint-custodial wallet transaction signing. Supported by a Protocol Labs research grant.
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