Social recovery is a method used to regain access to a cryptocurrency wallet or account in case of loss or theft. Instead of relying on a single, easily forgotten password or private key, social recovery involves a network of trusted individuals, often referred to as “guardians.”When setting up social recovery, users choose a group of friends, family members, or trusted contacts. If the user loses access, they can seek assistance from these guardians to recover their account. Typically, this process involves verifying the user’s identity through various means, like answering security questions or providing proof of ownership.This approach enhances security by distributing the responsibility of recovery among multiple parties. It reduces the risk of losing access entirely and provides a more user-friendly alternative to traditional recovery methods. However, the effectiveness of social recovery relies heavily on the trustworthiness and availability of the chosen guardians. Overall, it offers a way to balance security with convenience, making cryptocurrency more accessible for everyday users.