Custodial Wallet Risks is an important aspect of modern crypto wallet technology. Exchange hacks, insolvency, asset freezes, and loss of access - why centralized custody creates counterparty risk.
Self-custody means you control your own private keys - and therefore your own assets. The collapse of centralized exchanges and custodians has proven that 'not your keys, not your coins' is not just a slogan but a critical security principle.
JIL Wallet implements custodial wallet risks through key sharding. Exchange hacks, insolvency, asset freezes, and loss of access - why centralized custody creates counterparty risk. Signing authority is split across three shards under a 2-of-3 threshold. On the default service key, cosigning is performed server-side.
Exchange hacks, insolvency, asset freezes, and loss of access - why centralized custody creates counterparty risk.
JIL Wallet implements custodial wallet risks through key sharding. Exchange hacks, insolvency, asset freezes, and loss of access - why centralized custody creates counterparty risk. Signing authority is split across three shards under a 2-of-3 threshold. On the default service key, cosigning is performed server-side.