What’s Next for Wallets After Ledger Recover Outrage? - Ep. 502

Episode • Jun 6, 2023 • 1h 7m

Wallet security was in the spotlight after the announcement of Ledger Recover, but the crypto community doesn’t need to “freak out,” according to Itai Turbahn, co-founder and CEO of Dynamic Labs, and Ouriel Ohayon, CEO of ZenGo. The two CEOs join the show to talk about the challenges of bringing self-custody to the masses. For many, “not your keys, not your coins” is actually “your keys, your problem.”

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights:

the problems that may arise when managing your own keys
the misconceptions that people have about hardware wallets
why Ouriel says that Ledger is going in the right direction but made a major mistake
how multi-party computation can be a solution to the problem of securing your own keys
what are other ways to solve it, such as Shamir’s secret sharing (SSS) and multisigs
the tradeoffs between security and user experience
how Dynamic Wallet works by linking multiple wallets to a single account
whether “passwordless authentication” is the future of security
how can users protect themselves from “bad transactions” and what are companies doing to help
whether open source contributes to more security in the wallet landscape
how account abstraction will change the user experience
whether security is the key to the future of crypto

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