Jan 18The private key can be changed.ZKSAFE developers submitted an EIP proposal —Elastic Signature, which is open-source and can be used by different project parties, see the original EIP proposal here: https://github.com/ethereum/EIPs/pull/6327… I always think that the design of private keys for the wallet is against human nature, since it’s hard to remember in one way…Eip3 min readEip3 min read
Jan 16The new direction for smart contract wallet: Elastic SignatureLowering the user barrier has always been the aim of the wallet. Statistically, 80% of new user registrations are stuck on mnemonics. If we can bypass mnemonics, the size of crypto users should be five times larger than it is today. MPC, which stands for Multi-Party Computation, can be used…Eip6 min readEip6 min read
Nov 25, 2022One diagram to show where to save your crypto assetsBasically, it’s the difference between giving custody of your asset or not If you save your assets in exchanges, the exchange has custody. There were lots of hackers in the early years and many users lost their assets in exchanges. Now, most exchanges have upgraded their security measures, so hackers…Safety3 min readSafety3 min read
Oct 28, 2022EPS is NOT MPCWe developed a decentralized cryptosystem named Ethereum Password Service (EPS). Some people think of it as MPC (multi-party computation) because they all use passwords to send tx instead of a private key, however, it’s not the same thing at all. MPC divides the private key into pieces (shards) and distributes…2 min read2 min read
Oct 4, 2022Is Web3 an upgrade from Web2?As usual, answer first: Web1 is about watching ads; Web2 is about spending money; Web3 is about making money. No matter what technology revolution, big data, or blockchain, business logic will always focus on two matters: 1. Who is the user? 2. Where does the money come from? First let’s…Web33 min readWeb33 min read
Sep 29, 2022ZKSAFE Completed Seed Funding RoundAsset Safety Issues Private key have been stolen every day, according to a report from London-based firm Elliptic, more than $10 billion worth of user funds were stolen from users and crypto investors in 2021. Apparently, there are many products focused on asset safety appearing in the market, however, interacting with DeFi websites…3 min read3 min read
