Hacker News new | ask | show | jobs
by arifromzengo 914 days ago
You are missing something. Happy to jump into the details if you're interested.

3D FaceLock is one of the parts of the wallet recovery process: It's a biometric liveness verification (backed by 600,000 USD bug bounty). But 1) It's only one of the factors, and 2) It's never been hacked/spoofed.

Zengo's MPC wallet uses a 2/2 signing mechanism (similar conceptually to a multi-sig). You initiate transactions from your Zengo app (inside the app is the Personal Secret Share, which interacts with your wallet's secure enclave/TEE during the signing process). The Remote Share on Zengo's server essentially co-signs the transactions.

By removing a single point of failure (private key or seed phrase) it is much more challenging for a hacker to steal/spend funds or take over a Zengo wallet - indeed... we have over 1,000,000 users (since 2018) and 0 wallets hacked, 0 wallets drained. More info here: www.zengo.com/security

Also happy to answer more qs. Cheers.