BioVenomSDK
Updated 98 days ago
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Updated 98 days ago
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Your Device is Your Hardware-Wallet: Simple, Secure, and Streamlined.
Description
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BioVenomSDK: Versatile SDK for a Secure, Biometrics and Account Abstraction-based Wallet on Venom Network.
Presenting an innovative solution designed to transform user engagement with the Venom Network - a Biometric Based onboarding of users realized through a versatile SDK that can be seamlessly integrated into any web-based DApp.
Streamlined Onboarding
Traditional browser-based wallets often entail a complex onboarding process, deterring potential Web2 users from venturing into the realm of blockchain. This solution capitalizes on the secure enclave within users' mobile devices, transforming them into hardware wallets. This inventive approach significantly simplifies the onboarding process, providing a user-friendly interface for interaction with the Venom Network. With our SDK integrated into a DApp, any new user can begin exploring the DApp without needing to install any extension or endure tedious setup processes.
Overcoming Security Pitfalls of Browser Wallets
In the world of blockchain, one of the most significant issues users face with browser wallets is the risk associated with seed phrases. Seed phrases, if lost or stolen, can result in users losing access to their funds, or worse, having their funds stolen. Instances of committing these phrases to public repositories like Github can also lead to disastrous consequences.
Our solution mitigates these risks. Keys are securely stored within the secure enclave of users' mobile devices, eliminating the need for a seed phrase and thereby reducing the risk associated with mismanaging or exposing these phrases. This approach provides a superior layer of security, offering users assurance of their wallet keys' safety and integrity while interacting with the Venom Network.
With our SDK, we bring together the strengths of both browser wallets and hardware wallets, while effectively mitigating their respective weaknesses. Its integration with the secure enclave ensures that the private key never leaves the device, and is therefore never exposed. This feature guarantees a level of security comparable to that of hardware wallets, all while ensuring a smooth and effortless onboarding experience for users.
| Feature | Our SDK | Browser Wallets | Hardware Wallets |
|---|---|---|---|
| User Experience | Excellent (Streamlined onboarding) | Good (Though may be complex for new users) | Good (Depending on the wallet, can be complex for beginners) |
| Security | Excellent (Comparable to hardware wallets with keys securely stored in secure enclave) | Fair (Risk of seed phrases being lost, stolen or exposed) | Excellent (Keys stored offline, isolated from internet threats) |
| Recovery Options | Excellent (MPC based recovery) | Fair (Depends on seed phrases, if lost recovery may be impossible) | Good (Depends on wallet, may have backup and recovery options) |
| Cost | Low (No extra cost, part of mobile device) | Low (Typically free to use) | High (Hardware purchase required) |
| Mobility | Excellent (Integrated into mobile device, easily accessible) | Good (Can be accessed from any device with an internet connection) | Fair (Physical device may need to be carried around) |
| Risk of Loss | Low (Keys stored in secure enclave, risk of loss is significantly lower) | High (If seed phrase is lost or stolen) | Medium (Risk of losing physical device) |
| Integration with DApps | Excellent (Versatile SDK for easy integration) | Good (Depends on compatibility) | Fair (Not all wallets may support all DApps) |
| Accessibility | Excellent (Any user with a mobile device can use) | Good (Requires internet connection) | Fair (Requires purchase and setup of hardware device) |
MPC Based Recovery
Currently under the process of integration with SDK.
Our wallet supports Multi-Party Computation (MPC) based recovery, enhancing security further. If a user loses access to their wallet, keys can be securely recovered through MPC, ensuring users can regain access to their wallets under any circumstance.
The recovery key is sharded into multiple places via Shamir-Secret Sharing and then during recovery, the user can select Threshold number of shards to recover gain access to their wallet
Facilitating Accessibility and Growth
By eliminating barriers to entry and bolstering security, the SDK-based solution has the potential to significantly drive the growth and popularity of the Venom Network. It caters to both newcomers and seasoned blockchain users, ensuring a user-friendly experience without compromising on robust security standards.
In summary, this project aspires to redefine user engagement with the Venom Network by providing an SDK for easy integration of a secure, convenient, and user-friendly wallet solution into any web-based DApp. The potential of this solution to enable broader adoption and growth of the Venom Network is substantial.
Achievements
Team Information
I am a dedicated professional with a passion for blockchain technology and development.
I currently work as an Auditor at OakSecurity.
My dedication to the field has been recognized by ETHIndia22 for Banana Smart Wallet and RoadToWeb3 for CryptoBaskets, where won multiple prizes.
I am also an EthIndia Fellow for the Gwei Track (i.e the senior track).
In addition to auditing, I find immense satisfaction in mentoring the next generation of developers as a Coach at DappCamp.
Before my current roles, I gathered valuable hands-on experience as a Smart Contract Developer at Prepo.
I also honed my analytical skills as a Quant at JPMorgan.
Alma mater -IIT Kharagpur, 2020 Batch
Nilay27
@U_5a2a5b1777f090
Owner
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