RIP seed phrases - the death and future of crypto wallets
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Seed Based crypto wallets have no future. They are plagued by design no matter how you wrap them. This presentation explains why and gives a glimpse at the future of wallet security
RIP seed phrases - the death and future of crypto wallets
- 1. RIP Seed Phrases Security myths and the future of wallet security
- 2. Not your keys Not your coins
- 4. People lose their wallets
- 6. A seed phrase is a set of words that gives you the illusion of security, even in Vegas - Daniel Ocean
- 7. A single-factor system Mobile or hardware, security depends on it You have to keep it somewhere safe Seed phrases are vulnerable
- 12. Why?
- 13. Because humans are お
- 15. Because the *out-of-wallet* back up
- 16. I forgot my password Phishing Lost my seed Forgot to back-up Wiped my computer Kids threw it Software leaked it
- 17. The future of crypto security
- 18. The future of crypto security
- 19. The future of crypto security
- 20. The future of crypto security
- 22. $100,000,000,000
- 23. Seed-based wallets are like cars without breaks, seatbelts, airbags and crash detection
- 25. So what then?
- 26. The future of crypto security: Multi-factor Custodial Single-Factor Multi-factor
- 27. The future of crypto security: Keyless Shamir Secret Multi-Sig Smart-Contract + AA Multi-Party Computation Seed phrases
- 28. The future of crypto security: Recovery TOTP Password-less Secure Biometrics Passwords / Pin
- 29. MPC Wallets Simple onboarding Math first. Software first. Multi-factor authentication by default No add-ons Assisted + protected User is in control Built-in transaction protections The future of crypto security: MPC Seed Phrases Complex onboarding Tedious recovery Single-factor backup Weak authentication Buy Hardware / Steel Plate / Vault User is alone $ Billions lost / stolen
- 30. 800,000+
- 31. 0
- 32. www.zengo.com