One of the best known memes in crypto is: 'Not your keys, not your coins'. This usually resurfaces whenever a (custodial) centralised exchange is hacked or goes bust altogether. Although Web3 provides the infrastructure for self custody, this often shares the fate of Pandora. Self-custody requires increased security measures, from both end-users, as well as application developers. Web3 wallets are the interface between users and decentralised applications deployed on blockchains. While Metamask still maintains the largest market share, a multitude of wallets have emerged, promising additional features and a better UX.
We were joined by Evgeny Yurtaev, co-founder & CEO of Zerion, to discuss the challenges of building a Web3 wallet and how Zerion aims to improve user experience, while still maintaining security.
Topics covered in this episode:
- Evgeny’s background
- The motivation behind building a Web3 wallet
- Zerion UX and security
- Seed phrase storing
- Zerion user profile
- Challenges in building a new wallet app
- Protecting users and potential attack vectors
- Supported blockchains and (seamless) bridging
- Account abstraction and MPC
- Business models for Web3 wallets
Episode links:
This episode is hosted by Friederike Ernst. Show notes and listening options: epicenter.tv/517
