[ANN] KeyPocket - Usable private key storage and recovery

RealBitcoin

hero member

Activity: 854

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: njlr on April 14, 2016, 03:51:47 AM

Quote from: RealBitcoin on April 13, 2016, 08:03:21 AM

Interesting initiative, but you might want to release the source code for it.

Otherwise it might look like a private key stealing scam.

Good luck!

Yes, absolutely.

The source code is available here: https://github.com/nlr/KeyPocket

Please keep in mind that it is at a pre-alpha stage!

OK good luck with it, it's always good to have security initiatives.

I can already see how useful this can become for bitcoin companies. They can just split the backup of a priv key between CEO, CFO, and CSO

And for regular usage they just use multisig. This is more for backup purposes.

njlr

newbie

Activity: 3

Merit: 0

Quote from: RealBitcoin on April 13, 2016, 08:03:21 AM

Interesting initiative, but you might want to release the source code for it.

Otherwise it might look like a private key stealing scam.

Good luck!

Yes, absolutely.

The source code is available here: https://github.com/nlr/KeyPocket

Please keep in mind that it is at a pre-alpha stage!

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Interesting initiative, but you might want to release the source code for it.

Otherwise it might look like a private key stealing scam.

Good luck!

njlr

newbie

Activity: 3

Merit: 0

Hi all,

I've been working on a private-key backup system using Shamir secret sharing for security and redundancy.

Each secret is divided into n "shares", where k of n shares are required to recover the secret. The shares are put on a range of devices that you (or people you trust) control. If your secret is lost, just collect the shares to recover it.

The app makes this workflow easy.

You can find out more information here:
http://www.keypocket.io/

FAQ

Doesn't spreading my key compromise security?
Shamir secret sharing is information theoretically secure. As long as k of n shares are not compromised, your key will be safe.

What if I don't own many devices?
Owning a few devices is a requirement. However, you can also use your friend's devices and cloud services. For example, you could keep a share on your laptop, on your phone and on Dropbox. You could even print one out.

Similar Projects
PassGuardian - safety in numbers
http://passguardian.com/

Topic: [ANN] KeyPocket - Usable private key storage and recovery (Read 614 times)