BTC030: Bitcoin Security and Self Custody w/ Nick Neuman (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Multi-sig Bitcoin Security
- Use multi-sig to enhance Bitcoin security by requiring multiple keys for transactions.
- This protects against both loss and theft, allowing key loss without total fund loss.
- A 3-of-5 setup means 3 out of 5 keys are needed, making theft harder by requiring multiple keys.
- Geographically disperse key storage to further enhance security against physical theft.
- Multi-sig offers greater protection for self-custody Bitcoin.
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