What is a Recovery Share?

A recovery share is an additional plan share to be utilized during plan merging in the event a shareholder loses access to their share.

How do I choose the number of Recovery Shares?

Recovery Shares are optional but highly recommended, especially in complex plans with multiple beneficiaries. Considerations when choosing the number of shares are for example:

• Number of beneficiaries.

• Trustworthiness of the selected Merge Authority.

• Shareholder’s commitment to your protection plan.

• Number of shares in the merging threshold.

What is the risk of too few Recovery Shares?

Too few Recovery Shares increases the chance that the minimum amount of shares needed to complete the merging proces is not reached in the event that one or more beneficiaries are unable or unwilling to provide their share. This would result in no access to the secret data.

What is the risk of too many Recovery Shares?

Too many Recovery Shares increases the chance that the Merge Authority can leave out beneficiaries. This would result in a decrease in the planned level of shareholder involvement intended by the plan owner when creating the plan.

Why can I not choose a Recovery Share when I have 1 beneficiary?

A Recovery Share cannot be included in situations where there is only one other shareholder besides the plan owner. This ensures that the consensus of the shareholder for the merging process holds significance.

Where is the Recovery Share saved?

Recovery Shares are saved in the smart contract of the protection plan on the blockchain. Only the Merge Authority can include this share during the merging process.

Can a Recovery Share be used in case a beneficiary looses access to their share?

A Recovery Share cannot be sent to a beneficiary to replace their share. It is an extra share located on the blockchain and only to be used by the merge authority during the merging proces to reach the share threshold set by the plan owner.