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multi signature – Is it secure to make use of a non-public key for an current singlesig pockets as one of many keys for a brand new multisig pockets?

thecryptogoblin by thecryptogoblin
August 25, 2024
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I’m new to {hardware} wallets and self-custody so apologies if I’m mixing issues up or attempting to do one thing flawed right here.

I bought a Blockstream Jade and enjoying round with air-gapped keys and wallets on Nunchuk.

I created a brand new pockets on the Jade and setup a singlesig pockets on Nunchuk with that key, let’s name it Key #1. Did some air-gapped transactions, all good.

I need to setup a 2of2 multisig pockets on Nunchuk now. Can I create only one new pockets/personal key on Jade, name it Key #2, and use the 2 keys I’ve as the 2 keys for the multisig? I’ve two questions right here:

  1. Will the singlesig pockets with Key #1 nonetheless work as earlier than and independently?

  2. Are there safety points? Each keys are mine and I do not plan to make use of the unique singlesig pockets – it was only for testing.

I might simply create two new keys for the multisig nevertheless it bought me pondering: “Is not a restoration phrase/personal key the identical factor as a pockets?” So should you create n keys for a multisig every of these keys ought to on their very own correspond to separate singlesig wallets along with being keys for the completely separate multisig pockets. Is that right?

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I’m new to {hardware} wallets and self-custody so apologies if I’m mixing issues up or attempting to do one thing flawed right here.

I bought a Blockstream Jade and enjoying round with air-gapped keys and wallets on Nunchuk.

I created a brand new pockets on the Jade and setup a singlesig pockets on Nunchuk with that key, let’s name it Key #1. Did some air-gapped transactions, all good.

I need to setup a 2of2 multisig pockets on Nunchuk now. Can I create only one new pockets/personal key on Jade, name it Key #2, and use the 2 keys I’ve as the 2 keys for the multisig? I’ve two questions right here:

  1. Will the singlesig pockets with Key #1 nonetheless work as earlier than and independently?

  2. Are there safety points? Each keys are mine and I do not plan to make use of the unique singlesig pockets – it was only for testing.

I might simply create two new keys for the multisig nevertheless it bought me pondering: “Is not a restoration phrase/personal key the identical factor as a pockets?” So should you create n keys for a multisig every of these keys ought to on their very own correspond to separate singlesig wallets along with being keys for the completely separate multisig pockets. Is that right?

Tags: existingKeykeysmultimultisigprivatesafesignaturesinglesigWallet
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