How and Why to Set Up a Shamir Backup on Trezor Model T
11.1 هزار بار بازدید -
4 سال پیش
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Read my Q&A article about
Read my Q&A article about the Shamir Backup, you'll find sources to everything you need to know: https://bitcoin-takeover.com/how-and-...
The Shamir Backup celebrates its first anniversary on the Trezor Model T, so Trezor has contacted me and requested a video on setting up this advanced yet user-friendly security feature.
In a nutshell, the Shamir Backup on the Trezor Model T splits your private key in up to 16 different shares of 20 words (whose first 3 words are identical for identification purposes) and allows you to choose how many of these shares are required to reconstruct the private key and therefore make your coins spendable.
It's a convenient middle ground between a basic 12-words BIP 39 wallet and a more complex multisig. And if multisigs setups are best suited for companies, then Shamir is for individuals who want to add extra security steps to their banal seed phrase.
Trezor also lets you access your wallet in the Tor browser, but you will have to follow this short guide and change one parameter in the settings: https://wiki.trezor.io/Glossary:Tor
This demo was recorded using the Tor browser, which gives you better online anonymity thanks to its onion routing obfuscation of your IP.
–––––––––––––––––––––––––––––––––––––––––––
00:45 – What is the Shamir Backup & why should you do it?
01:11 – Example of Shamir Backup
01:30 – Shamir Backup vs Multisig
02:48 – How long does it take to set up a Shamir Backup?
02:55 – Tips for good security
04:54 – Using the Tor
05:02 – Secure your Trezor with Passphrase + PIN
05:13 – Step by step guide to setting up your Shamir Backup
12:03 – Verifying your Shamir Backup to make sure you haven’t made any mistakes in your shares
12:52 – Don’t put your Shamir Backup shares on the same piece of paper
13:47 – Do a new Shamir Backup when your lose shares
Learn more about threat models from Peter Todd: https://bitcoin-takeover.com/s4-e7-pe...
Learn more about Trezor from co-inventor Slush: https://bitcoin-takeover.com/s4-e8-sl...
The song is called "First Class Bitcoin Citizen" and it's written and recorded by me. If you'd like to listen to it in all of its dreamy lushness, please let me know and I'll upload it too.
–––––––––––––––––––––––––––––––––––––––––––––––
If you found this useful and want to support the Bitcoin Takeover project, you can donate BTC to this address: 35N87DC6DD9yr27nBrYcbmYrzanCU3gW27
Lightning tips: https://tippin.me/@TheVladCostea
If you'd rather send fiat, use Patreon and you'll make your way into the Hall of Patrons: Patreon: bitcointakeover
The Shamir Backup celebrates its first anniversary on the Trezor Model T, so Trezor has contacted me and requested a video on setting up this advanced yet user-friendly security feature.
In a nutshell, the Shamir Backup on the Trezor Model T splits your private key in up to 16 different shares of 20 words (whose first 3 words are identical for identification purposes) and allows you to choose how many of these shares are required to reconstruct the private key and therefore make your coins spendable.
It's a convenient middle ground between a basic 12-words BIP 39 wallet and a more complex multisig. And if multisigs setups are best suited for companies, then Shamir is for individuals who want to add extra security steps to their banal seed phrase.
Trezor also lets you access your wallet in the Tor browser, but you will have to follow this short guide and change one parameter in the settings: https://wiki.trezor.io/Glossary:Tor
This demo was recorded using the Tor browser, which gives you better online anonymity thanks to its onion routing obfuscation of your IP.
–––––––––––––––––––––––––––––––––––––––––––
00:45 – What is the Shamir Backup & why should you do it?
01:11 – Example of Shamir Backup
01:30 – Shamir Backup vs Multisig
02:48 – How long does it take to set up a Shamir Backup?
02:55 – Tips for good security
04:54 – Using the Tor
05:02 – Secure your Trezor with Passphrase + PIN
05:13 – Step by step guide to setting up your Shamir Backup
12:03 – Verifying your Shamir Backup to make sure you haven’t made any mistakes in your shares
12:52 – Don’t put your Shamir Backup shares on the same piece of paper
13:47 – Do a new Shamir Backup when your lose shares
Learn more about threat models from Peter Todd: https://bitcoin-takeover.com/s4-e7-pe...
Learn more about Trezor from co-inventor Slush: https://bitcoin-takeover.com/s4-e8-sl...
The song is called "First Class Bitcoin Citizen" and it's written and recorded by me. If you'd like to listen to it in all of its dreamy lushness, please let me know and I'll upload it too.
–––––––––––––––––––––––––––––––––––––––––––––––
If you found this useful and want to support the Bitcoin Takeover project, you can donate BTC to this address: 35N87DC6DD9yr27nBrYcbmYrzanCU3gW27
Lightning tips: https://tippin.me/@TheVladCostea
If you'd rather send fiat, use Patreon and you'll make your way into the Hall of Patrons: Patreon: bitcointakeover
4 سال پیش
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