I am trying to understand, is it a bitcoin mixing service or you are talking about a wallet, perhaps an online wallet?
Finally, we the Mixin Safe service maintainer holds the RECOVERY key for emergency recovery usage once the OWNER key is lost.
In case it's a wallet then isn't it means there is this fake sense of decentralization? After all you hold the key and your clients are trusting you with their funds.
Sorry, If I got the whole idea wrong.
I would love to see the finished product first. Then you can start with a review campaign to see the response from the community. I can help you in that if you want.
The link above is the beta product, you can already sign in and start using it. I know the Mixin name makes it sound like a mixer, but It's just a wallet.
To start using the product, you need Mixin Messenger, which is an MPC wallet, to make the Mixin Safe account. And thank you so much for helping.
Sorry the website doesn't make it clear for people to understand the product, we are still polishing the website design and words.
I am trying to understand, is it a bitcoin mixing service or you are talking about a wallet, perhaps an online wallet?
It is not a mixer, it's code for making a multisig transaction where some members cannot spend from it by signing using their keys until after a fixed time period.
But this last link from the OP looks like it's a service that is trying to replace crypto custodials for companies (think Coinbase holding coins for Blackrock), not intended for the general public - I mean how can you say a timelocked multisig is more secure than a hardware wallet, for example?
Hi, it's a wallet service. The wallet is provided as a website to make it easy to access from anywhere, but the website doesn't hold the private keys, it's just an interface to make it easy to do multisig.
It's some kind of custodian services those companies will use, but it's built with general public in mind, the website interface is pretty easy to use, and pricing is transparent and cheap.
For security, it's better to read the post instead of the website, the website is under development and missing some points.
So Mixin Safe is a multisig wallet with three keys, OWNER, MEMBERS and RECOVERY.
The OWNER key is managed by user's own hardware wallet, Ledger, BitBox02, etc.
The MEMBERS key is also managed by user's wallets, the Mixin Messenger MPC wallet. The MEMBERS key can be managed by the user own or friends, make it difficult to lose.
And the recovery key is timelocked, and can only be used when timelock expired and must be used together with OWNER or MEMBERS key.
When I say this is more secure than a single hardware wallet, I mean hardware wallet is secure, but a single hardware wallet is easy to lose or broke, Mixin Safe uses hardware wallet, and try to eliminate single point of failure.