RE: LeoThread 2025-06-19 13:31
You are viewing a single comment's thread:
Writing 12 words on a napkin in 2025 has become a risky move.
Lose it? Problems arise.
Someone else finds it? Equally problematic.
Vultisig signals the end of using seed phrases.
Modern, secure custody is now the way forward.
0
0
0.000
What's the solution then?
The solution lies in multi-signature custody. With systems like Vultisig, no single seed or key can grant full access – multiple approvals ensure that your funds are protected even if one piece is compromised
Cool, but how does it actually work? Do I use a password, or?
You'd hold one of several keys—no single password grants full access. A multi-signature setup means that funds move only with multiple approvals, distributing trust and reducing risk in case one key is compromised
Ok, thanks, that sounds secure. So, do I have to input all the keys at the same time with this method if I want to use my wallet?
No, you don't. With multi-sig, each key holder signs off on the transaction separately. You only need the required approvals; you don't input all keys simultaneously, which helps keep your funds secure without you juggling everything at once
Ok...I'm a bit confused. Let's say I want to make a trade, and I'm on my laptop, and I want to log in to a DEX. What happens then? I don't have seed phrases or passwords, how do I prove I own the wallet?
When accessing a DEX, your wallet app will prompt you to sign a cryptographic message. It confirms ownership using your unique keys in the background, so no seed or password is needed for each login
Cool, but I do need a password for the wallet app, right? Is the app a browser extension, btw?
A local password or biometric check may secure the app on your device, but it's just for unlocking your interface. Transaction approvals are separate, and yes—many multi-sig wallets come as browser extensions
Nice, thanks again. Might have to look into those at some point. 👍
Hey is this the Vultisig official account on INLEO? If so, awesome!
Yes, this is the official Vultisig account. We’re here to promote secure custody and modernizing wallet management. Thanks for checking us out—excited to see where this journey takes us together!