Specter Training Overview

Cryptoadvance https://specter.solutions
v0.2 - 3ab0551721 2023-05-01

Table of Contents

Introduction

Disclaimer

These materials are intended to assist Specter users who strive to improve their cold storage-setup. While we attempt to address the necessary topics thoroughly, we can not rule out that everything necessary to ensure a safe cold-storage is covered. Thus, this information must be understood for education purposes only and none of it constitutes any legal obligations. This content is also not making any claims that the practices or procedures discussed suffice what might be required by statute or any regulations in your legal jurisdiction.

About Formats

I order to properly being able to execute the different modules, it's quite important to specify the prerequisites the participants need to fullfill and also manage expectations of what they can expect. The format of the respective unit gives a better understanding:

Bitcoin 101 for Wallet Operators

In this section, you'll learn the fundamentals of the bitcoin blockchain in order to understand how storage of funds work in general and how transaction signing works.

Blocks, confirmations and fees

time format remarks
30mins L/B

Resources: * sha256-hash-calculator

Public & private key cryptography and transaction signing

time form remarks
30m L/B

Resources: * ROTx encryption online-tool * brainwallet for creating single addresses and signing/verifying messages

The ledger, transactions and understanding inputs & outputs

time form remarks
30min L/B

Resources:

Bitcoin 201 for Wallet Operators

Coming from the individual addresses, you'll learn about hierarchical deterministic wallets and how all this relates to the secret you have to protect at the end of the day: the seed. We'll learn about different what?

From the seed to your wallet - theory

time form remarks
30min L

Resources:

From the mnemonic to your wallet - practice / pennytest

time form remarks
30min L/B

Resources:

Security, risk management and opsec

time form remarks
1h L

Resources:

SingleSig penny test

time form remarks
1h WL

A Specter DIY is needed for this exercise.

Resources:

Multisignature 101 for Wallet Operators

At the end of this section, the participants should have an idea about the challenges of multisig, different operational and deployment options and maybe have some tentative setup preferences. The final decision does not need to happen yet, though (only after the pratical part).

Creating a Multisignature wallet

time form remarks
1h WL

Resources: * Ben about Multisig-Backups

Operational models

time form remarks
1.5h L

Reasonable quora, passphrases, practical backup management

time form remarks
1h L/D

At the end of this section, some quora setups should have been discussed and ideas to store devices and backups should have been developed.

Getting Real - a production setup

time form remarks
3h WF/D

This is a kind of generic description and needs to be adjusted with the decisions discussed in former units.

Open Questions