Recovery Protocols
Recovery protocols are the standardized procedures used to restore a wallet and its associated assets from a backup. These protocols rely on the deterministic nature of wallets, where a seed phrase or master key is sufficient to regenerate the entire address hierarchy.
Recovery may be necessary due to hardware failure, loss of a device, or accidental deletion of software. The efficiency and security of these protocols depend on the user having followed proper backup practices.
In advanced setups, recovery might involve social recovery, where multiple trusted parties help reconstruct a key. Understanding these protocols is vital for long-term asset management and avoiding catastrophic loss.