Thread by @privy_io

1/ Launching cloud-based recovery

You can now secure embedded wallet recovery shares with Google Drive!

Self-custody is a core crypto feature, and today marks our biggest UX upgrade on this front since launching embedded wallets.

We're continuously future-proofing wallets 🦾

2/ When wallets are created, we split the private key into three shares. 2/3 are needed to use the wallet.

📱 Device share
🔒 Auth share (Privy stored)
🤝 Recovery share (e2ee, only accessible to the user)

Users need to recovery share to access the wallet on a new device.

3/ To-date we've offered two options to secure the recovery share:

1️⃣ Automatic: Secured with entropy only the user can access, managed by remote infra

2️⃣ Pw-based: Power users create a password, giving more control but need the pw to provision new devices

4/ Today's launch gives power users a simpler way to secure wallets, starting with Google.

💪 Stronger entropy than manual pws
🧠 No need to remember anything

Users get more control than automatic recovery, and better UX than setting a password. A rare security + UX win/win!

5/ It's smooth - check it out for yourself at today!

Our work to improve the UX of self-custody is never over. A lot more to come (not least as passkeys mature and EIP-3074 goes live).

Learn more about why we're so excited👇

demo.privy.io
privy.io/blog/cloud-bas…