External Recovery with Caravan, Sparrow, and Electrum | Recover Your Vault Without Unchained

We at Unchained Capital are passionate about helping our clients become sovereign in their Bitcoin journey. One of the ways we do that is to ensure that we ourselves are not a single point of failure by providing an open-source external recovery tool: Caravan. In this week's webinar, we walk you through every step of the external recovery process, why it is important, and show off external recovery with other open-source tools such as Sparrow and Electrum. Caravan multisig coordinator: https://unchained-capital.github.io/caravan/ Sparrow: https://sparrowwallet.com/ Electrum: https://electrum.org/ Unchained Concierge onboarding: https://unchained-capital.com/the-vault-concierge-onboarding-package/ 0:00 Introduction 1:05 What is external recovery? 2:55 What is a bitcoin address? 4:32 What is a public key? 5:04 What is a private key? 5:26 What is an xpub (extended public key)? 6:28 What is a seed? 7:23 What is a wallet configuration file? 9:08 Why is a wallet configuration file so important? 14:20 Caravan: Unchained's external recovery method 23:02 Sparrow: another external recovery method 26:24 Electrum: another external recovery method 35:00 Q&A 35:17 Do you need to download the external configuration file multiple times? 35:57 Is storing a configuration file in a password manager a bad idea? 37:34 A look at accessing addresses in external recovery 40:00 Can I build my wallet using only 2 seed phrases and no wallets? 42:16 How to access Caravan in the doomsday scenario 43:37 Do I need to cancel existing Unchained vault after recovery? 46:22 Download all wallet configuration files for each vault 48:22 Conclusion