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Understanding Trezor Hardware Wallets

At the core of Trezor.io/start lies the hardware wallet - a physical device safeguarding your cryptocurrencies offline, impervious to cyber threats. Trezor hardware wallets operate on a foundation of cutting-edge security features, assuring users of a fortified shield against potential breaches.

Shamir backup and its role in protecting your recovery seed

In the case of hardware wallets, and recovery seed protection, Shamir backup allows users to split their wallet’s private key into multiple unique recovery shares.

Note: Shamir backup is available on the Trezor Model T and Trezor Safe 3

  • When setting up a new wallet with Shamir backup, your Trezor device will prompt you to generate a certain number of recovery shares.

  • You can create up to 16 shares, each consisting of a sequence of 20 or 33 words.

  • After generation, you must decide on a threshold — the minimum number of shares needed to recover your wallet.

  • In conclusion

    Shamir Backup offers several advantages over the traditional single-seed backup. Some of these include,

    • Instead of a single recovery seed, you can have up to 16 shares.

    • No single share contains enough information to compromise your hardware wallet.

    • Shares can be distributed among trusted parties or secure locations.

    • The threshold allows for some shares to be lost without compromising wallet recovery.

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