Recovery Share
A recovery share is one part of a threshold backup scheme used with other shares to reconstruct wallet recovery material.
✦ Key Insight
It allows geographically separated backups and reduces dependence on one recovery copy.
✕ Common Misconceptions
One share may be insufficient to recover funds, but collecting enough shares can expose the wallet secret.
Detailed Explanation
In Practice
Dig Deeper
Private Key
A private key is a secret cryptographic code that proves ownership of crypto assets and allows the holder to authorize transactions.
Seed Phrase
A seed phrase is a set of words that acts as the master backup for a crypto wallet.
Cold Storage
Cold storage keeps cryptocurrency private keys offline to reduce exposure to internet-based attacks.
Shamir Secret Sharing (SSS)
Shamir Secret Sharing is a cryptographic method for splitting a secret into multiple shares so only a chosen threshold can reconstruct it.
Wallet Backup
A wallet backup is recovery material or data kept so access can be restored after device loss, failure, or software removal.