Social/community recovery from SBT

The security mechanism of traditional wallets in blockchain typically involves the use of a private key, which is a long alphanumeric code that serves as a password to access a user's funds. When a user creates a wallet, a private key is generated, and the user is instructed to keep this key secure and secret, as anyone who has access to the private key can access the funds in the wallet.

However, relying solely on a private key for authentication can pose security risks, as private keys can be lost or stolen. In Gain network we deem SBTs as web3 credentials that are tied to your digital identities. And we proposed a groundbreaking social/community recovery method where you shall be able to recover your assets via 1) maximally broad set of real-time relationships" a Soul has across different communities; 2) lean on your trusted relationships to recover your assets.

PreviousSBT Sign on NextSoul Wallet

Last updated 2 years ago

The security mechanism of traditional wallets in blockchain typically involves the use of a private key, which is a long alphanumeric code that serves as a password to access a user's funds. When a user creates a wallet, a private key is generated, and the user is instructed to keep this key secure and secret, as anyone who has access to the private key can access the funds in the wallet.

However, relying solely on a private key for authentication can pose security risks, as private keys can be lost or stolen. In Gain network we deem SBTs as web3 credentials that are tied to your digital identities. And we proposed a groundbreaking social/community recovery method where you shall be able to recover your assets via 1) maximally broad set of real-time relationships" a Soul has across different communities; 2) lean on your trusted relationships to recover your assets.