Social Recovery

Definition ∞ Social recovery is a mechanism designed to help users regain access to their digital asset wallets or accounts through a network of trusted individuals. Instead of a single seed phrase, a user designates a set of “guardians” whose collective approval can initiate a recovery process. This method offers an alternative to traditional recovery phrases, which can be lost or compromised. It aims to enhance security and usability.
Context ∞ This approach to account security is gaining prominence in the crypto space as a more user-friendly and robust alternative to sole reliance on mnemonic phrases. News reports discuss social recovery as a solution to common problems like lost keys or forgotten passwords, particularly for non-custodial wallets. Its adoption could significantly improve the accessibility and safety of digital asset management.