What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502
Вставка
- Опубліковано 5 сер 2024
- Wallet security was in the spotlight after the announcement of Ledger Recover, but the crypto community doesn’t need to “freak out,” according to Itai Turbahn, co-founder and CEO of Dynamic Labs, and Ouriel Ohayon, CEO of ZenGo.
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Show highlights:
🔹 the problems that may arise when managing your own keys
🔹 the misconceptions that people have about hardware wallets
🔹 why Ouriel says that Ledger is going in the right direction but made a major mistake
🔹 how multi-party computation can be a solution to the problem of securing your own keys
🔹 what are other ways to solve it, such as Shamir’s secret sharing (SSS) and multisigs
🔹 the tradeoffs between security and user experience
🔹 how Dynamic Wallet works by linking multiple wallets to a single account
🔹 whether “passwordless authentication” is the future of security
🔹 how can users protect themselves from “bad transactions” and what are companies doing to help
🔹 whether open source contributes to more security in the wallet landscape
🔹 how account abstraction will change the user experience
🔹 whether security is the key to the future of crypto
Thank you to our sponsors!
➡️Crypto.com
Guests:
⭐️Itai Turbahn, cofounder and CEO of Dynamic Labs
⭐️Ouriel Ohayon, CEO of ZenGo
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Time Stamps:
00:00 Introduction
06:18 Ledger Recover
19:32 MPC
31:55 Dynamic wallet
35:48 Security measures
55:58 Future of wallets
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#bitcoin #ethereum #crypto #cryptocurrencies
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new unchained; it's a good day!
Very reassuring to hear the heads of wallet companies extolling the benefits of security by obscurity. This "Trust me, bro" approach is exactly what's so great about blockchain.
i have 3 seed phrases memorized…maybe theres something wrong w me
prove it.
@@petercofrancesco9812 lol, nice 1
@@petercofrancesco9812 tho i just realized i could do that as the words can be obfuscated n one still can see confirmation, but im not really a content creator (would need also a camera filiming me doing it for proof ofc)...why is it so hard to believe? i mean actors for example memorize a ton of words w every role they play, no?
@@1ntrcnnctr608 It's fine j/k. Depends on the length of the seed phrase I have 24 so 3x would 72 words. Also how much money are you willing to put at risk that you'll never forget, suffer a brain injury or death... For inheritance purposes. A safe deposit box with instructions is good backup.
Thanks to the episode I now know never to trust ZenGo 👍
🤣👏
@@HODL_BTC lol
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