Georgii Kuksa, Here Wallet - Abstraction in Action

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1. 0:08

   okay guys we have 5 minutes I'm going to rush a lot more uh so let's start I'm Georgie I'm developer at heart protocol I'm going to start from L history we started as a part of telegram mini apps it serves us a huge deal because at the moment it's the best option to gain Mass adoption via telegram as we've seen it through launching not and ton system but with problem with mass adoption is that currently it has uh single point of failure if you lose your

2. 0:39

   seat FR us then you lose all assets uh that are related to this account so the new idea that we try to use is to actually sign messages on behalf of a user distributedly uh what does what it does allows us so first of all it allows us to create two Factor authorization that eliminates single point of failure when you lose your seat phrase you lose your account secondly it allows us to actually regenerate the seat phrase so if you actually lost it you don't have

3. 1:14

   to transfer all your assets to the other account and DP the the previous one and that as a result leads us to a potential Market Place of an accounts because accounts can now be verified and sold so a little technical notes about that this distributed message signing is done with so-called multi computation it works like each validator has a piece of a private key importantly to note is that the whole private key is never combined in the first place and it

4. 1:48

   will never be but we still have mathematical mechanism that allows us for each node for each validator to sign its own share of message and then combine all the shares and receive the completely signed message and it's non distinguishable If the message was signed with a fully private key or with it shares so a little bit of uh how uh currently signatures work in uh more old blockchains like Bitcoin or ethereum they use ecdc uh signature and uh more the newer one like

5. 2:28

   ton or salana they use Edward curve signature algorithm and currently our validat Network support only the first type uh I want to note that uh we implementing support for ton uh we little hack uh we created a smart contract uh that serve as the wallet and supports oral the first type signature so our next plans uh for the development is to support the second type of signature and allows uh this allows us to support many more

6. 3:01

   blockchains then to expand our Network to to feel more secure and then to make use of trust execution environment which basically encapsulates code uh code execution and all that as we develop many more features we try not forget about the current users try not to forget to gain more users so we launch much we launch many activities and uh here are some stats um here's some other stats uh yes and I forgot to mention in the first uh the first slides we have uh today Daily

7. 3:39

   3 million active users more than half of them have at least five US dollars in their bank account which uh basically it's quite a lot half a million million and a half million of users and uh currently we have support for evm blockchains salana and base so if you want to have uh some kind of integration just reach to us and we'll work it out thank you