Instead of writing down your 12-word mnemonic seed, you can select five trustworthy contacts, which store parts of your private key. Every trusted contact must download the Zion app. Your seed then gets split apart using a well-known cryptographic function and is sent to the trusted contacts during the setup process.
Should you lose your phone you can contact your trusted contacts to obtain a subset of three of your distributed secrets to regain access to your Zion Vault. A user is free to choose if he uses both or only one of the backup solutions.
The social key recovery is one of the early examples of a new standard for the backup of private keys.
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| Science & Technology | Upload TimePublished on 13 Mar 2019 |
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