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  3. /Social Recovery
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blockchain

Social Recovery

A wallet recovery method where trusted friends or family (guardians) can help you regain access to your wallet if you lose your keys.

Definition

A wallet recovery method where trusted friends or family (guardians) can help you regain access to your wallet if you lose your keys. Instead of relying solely on a seed phrase, a majority of guardians can approve a key change. Vitalik Buterin has advocated for this as the ideal wallet security model.

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Related Terms

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

Wallet

Software or hardware that stores your cryptocurrency private keys and lets you send and receive tokens.

Seed Phrase

A series of 12 or 24 words that can restore your crypto wallet.

ABI

Application Binary Interface.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

Account Model

The way Ethereum and many other chains track balances.

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