What are Ethos Magic Keys?

Created by Ethos Support, Modified on Mon, 27 May 2024 at 07:02 PM by Ethos Support

Ethos Magic Keys are a patent pending technology that allows Ethos users to alleviate “Key Anxiety” by only needing to remember 3 out of 5 unique personalized keywords, rather than a traditional 24 Word Seed Phrase. Magic Keys use “Safe Words” to encrypt “shards”. Shards are pieces of a key that have been cryptographically split, such that any individual piece can’t reconstruct the key without the other pieces. This means that even if someone gets ahold of a couple shards, they still can’t access your key without all the shards. Safe Words encrypt 2 out of 3 of the shards. You choose 5 safe words like security questions that encrypt your shards.

You need to remember at least 3 out of the 5 security questions. 2/3 shards are held with you, encrypted by security questions. You can safely put this on cloud storage because it doesn’t give access to your keys. 1/3 shards are held in secure storage protected by your social guardians. If someone ever were to crack your Safe Words, you can “reset your password” by generating new Safe Words and a new Backup file.

For more information, see:
What are Magic Keys?

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