What happens if you multi-sig with Nunchuck and one day nunchuck stops functioning #asknostr
Discussion
I guess so long if you have keys you can still move funds.
Yea, i never set a multi-sig but from what i've read you can use other wallets if you have the keys
Keys and the wallet configuration which you can export and which I believe it prompts you to export when you set your wallet up.
Without both, you're gonna have a bad time.
With both, you can use other software/devices to recover.
Don’t wait to find out, build a nostr:npub17tyke9lkgxd98ruyeul6wt3pj3s9uxzgp9hxu5tsenjmweue6sqq4y3mgl
Also you need more than just the three keys
The number of keys doesn't matter. You would have the seeds for every associated key, and would therefore be able to easily import into another wallet.
What about wallet configuration details or derivation paths? What if you lose one of the keys?
The multi-sig wallet is dependent on Nunchuk. You would have the seeds for every signing key, and so you could easily import them into a different wallet.
*isn't dependant
So basically if nunchuck went down for whatever reason I could still access funds and sign transactions to let’s say sparrow?
Yes, absolutely. It's entirely based on BIP standards, and you can import your seeds into any other wallet, and reconstruct the multi-sig.
Awesome thanks
I’ve been using it for a bit now since you’ve been talking about it but this was my concern or rather curiosity of it all.
nostr:nprofile1qqsvxq03xdev3uxehjqcdkr5lfzl5vawmcf7vm6ps73m6ghwg8y4k2spz4mhxue69uhk2er9dchxummnw3ezumrpdejqz9nhwden5te0dehhxarj9eekcmm5dpujuamfdcq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvuasnac may even have a tutorial, or documentation explaining exactly how to do this.
Awesome! Thanks for posting! Hey nostr:nprofile1qqsfc3am2y8cuue2h359rrc73rfalnlzlnrzfnv5y7h0cavaqqpcr5qpp4mhxue69uhkummn9ekx7mqpz4mhxue69uhhyetvv9ujumn0wd68ytnwv46qzyrhwden5te0dehhxarj9emkjmn9l6epj6! Take a look at this tutorial.
Nunchuk is built on open standards. Any wallet created in Nunchuk can be recovered elsewhere using standards-compatible software such as Sparrow.
See guide here: https://nunchuk.io/blog/wallet-recovery-sparrow
I wonder what the thebitcoinway says about this