What is seed XOR?
Discussion
It’s made by coinkite. You basically split your 24 word seed in three (8 words each). I never used it so there could be more it but my guess is you have two backups for each set of 8 words. You store them in 6 different locations kind of like a multisig. I think the benefit is you don’t need so many signing devices and you don’t have to pay the higher fees of a multisig transaction.
Sorry it looks like it is split in two which makes it a little easier to manage. The tradeoff is that only two need to be compromised instead of three. It’s all tradeoffs
I love seed XOR as a backup.
You can do 2, 3, or 4 splits, but 2 is recommended. For example, you have a 24 word seed. It gets split up into two 24 seeds. You need part A and part B to build the actual seed.
So if you could somehow get 3 seeds on steel, you would only need 2-of-3 steel plates. You would not need the descriptor as long as you have 2-of-3 plates.
I'm legitimately paying out "5" grands to the first "6" to message me with "FAITH" cus I feel some people going through difficulties this year, y'all stay blessed.