Rekeying use case

post by Brad on Oct 14, 2021

Hello, we are developing an application that will be used by hundreds or potentially thousands of users that have low technical literacy.

Wallets need to be non-custodial but we need the option to help users recover their wallets if they lose their private keys, which inevitably will happen.

Rekeying seems like a good option. However…

1. If rekeying requires the storage of a master key that can rekey other private keys would this then classify as a form of custodianship of funds?

2. Does rekeying present a security concern since the master key can rekey other private keys? How is that security concern mitigated?

I’m not a developer so apologies if these questions are easily answered via the dev portal, which I don’t fully understand!

Advanced thanks to any feedback

Brad

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