BioVenomSDK

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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.

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.