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Winklevoss Capital backs a crypto custody startup that lets users protect private keys via friends

Winklevoss Capital backs a crypto custody startup that lets users protect private keys via friends – The Block

Cryptocurrency custody startup Vault12 is offering a new way to protect private keys – by using friends and family as a recovery network. The solution, dubbed as the “personal cryptocurrency security solution,” uses a cryptographic technique called Hierarchical Threshold Shamir’s Secret Sharing to let “guardians” safeguard users’ private keys.