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Growing a Cryptocurrency Beyond Early Adopters
Who Is This Guy
world’s first bitcoin merchant service
world’s first multi-currency wallet
world’s first blockchain SaaP
Founded:
2013
2014
2015
Started playing with consensus algorithms in 2010
Launched in 2014
Ethereum-based altcoin
~10 integrated trading platforms
USD & EUR on the Blockhain
Protocol: Omni Layer (ex. Mastercoin)
Launched in 2015
~40,000 usersProtocol: Ethereum contract
5 integrated projects
Tether Ecosystem
Elcoin Ecosystem
Cryptocurrency Adoption Barriers
Problem: wallet download
Solution: web wallets
Problem: User-side Keys
Solution: in-browser key derivation
Problem: Lost Password
Typical proposal: multi-sig & recovery keys
Better Solution: Automatic Recovery Key Backup
Wallet ProviderRecovery Service Provider
User
Multi-sig Wallet
IT WORKS!
secondfactor.io
+
Wait! Did you say multi-sig wallet for Ethereum?!
Our Little Secret: Blind Signing
SecondFactor
Ambisafe Wallet API
Protocol Implementation
Sigha
sh(es
)Sighash(es)
Simple ECDSA Sign
Simple ECDSA Sign
Problem: “Fee Currency”
Solution: Wallet Provider Covers Network Fees
Bitcoin-based USD Wallet
No Mention of Bitcoin
Ethereum-based Wallet
No Mention of Ethereum
Problem:Newborn Cryptocurrency Requires:
Web & Mobile Wallets Trading Platform Integrations Merchant Services A ton of other integrations
WE HAVE SOME OF THESE
Solution:Standartize Wallet API’s
Supernode Standard Initiative
Our Try:
https://www.ambisafe.co/blog/supernode-standard-initiative/
Vitalik Buterin: ah okay, so it's a wallet which can very quickly be configured to work with different block explorer APIs for different cryptos Vitalik Buterin: interesting
Ambisafe KeyserverWeb UI
Other Integrations
Your Currency
Currency Plugin API
How is this decentralized!?
Thank you!
