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by gregjor
906 days ago
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Except for UI/UX your list doesn't enumerate shortcomings of crypto wallets, but rather inherent problems with crypto -- the philosophy, the implementation, and the people involved. I would like to say I don't expect crypto or crypto wallets to exist for much longer, but debunked and dumb ideas sometimes have a life of their own, like astrology, and especially so when you factor in human greed and credulity. |
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1. Seed phrase security -> Ledger, Safe Multisig [3], Privy (sso for wallets) [0]
2. MFA for crypto wallets -> Ledger, Safe Multisig [3]. Both recommended by the crypto community.
3. Warnings pre-transaction for suspicious signing requests -> Fire Extension includes warnings [1], wallets like Rabby [2] include presigning warnings, Safe Wallet [3] includes simulations builtin
4. Wallet insurance -> A few startups [4], provided by crypto exchanges, generally not needed with other precautions in place.
* Easy onboarding
1. Easy onboarding -> Account Abstraction in general [5], Alchemy infrastructure [6], Privy wallets [0], Coinbase Wallet-as-a-Service [7], Magic.link wallets [8] and MANY more .
* UI/UX 1. Hard to use/exotic -> Crypto IS exotic. Wallets like Coinbase Wallet [9], Rainbow Wallet [10] abstract away most of the crypto details. Phantom Wallet [11] has a great UI/UX.
[0] https://www.privy.io/features/auth [1] https://www.joinfire.xyz/ [2] https://rabby.io/#:~:text=Pre%2Dsign%20check%20for%20Securit... [3] https://safe.global/ [4] https://boostinsurance.com/platform/crypto-wallet/ [5] https://metamask.io/news/latest/account-abstraction-past-pre... [6] https://www.alchemy.com/account-abstraction-infrastructure [7] https://docs.cloud.coinbase.com/waas/docs/welcome [8] https://magic.link/docs/authentication/overview [9] https://www.coinbase.com/wallet [10] https://rainbow.me/ [11] https://phantom.app/
PS. "Debunked and dumb ideas" is a gross generalization. Please provide details about how "crypto" has been "debunked" ?? Human greed fuels the capital markets of the USA. All innovation boils down to human greed at some point. We all want "cheaper, faster, easier" so we innovate to get there (insert crypto here.)