.VitalikButerin explains how to correctly choose guardians and increase the safety of multisig wallets
, recently shared his thoughts on using multisig and social recovery wallets. He personally uses a multisig wallet to store most of his funds, as does the Ethereum Foundation. He believes that social recovery wallets, once mature, will be ideal for"hot wallets," which store small portions of funds for daily use, while multisig wallets will be best for"cold wallets," which hold long-term savings.Guardians play a crucial role in both wallet types.
Regularly testing guardians ensures they have not lost or forgotten their accounts. Conducting two test operations per year with half of the guardians each time is recommended.
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