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

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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Guests:

Itai Turbahn, cofounder and CEO of Dynamic Labs

Ouriel Ohayon, CEO of ZenGo

Previous appearance on Unchained: ZenGo: A Self-Custodial Wallet Minus the Risk of Losing Your Keys

Previous coverage of Unchained on wallets:
The Ugly Tradeoffs of Ledger’s New Recovery Service
Links

What is ZenGo Recovery Kit?

Cointelegraph:

Multiparty computation could offer increased protection for crypto wallets

I run a Ledger competitor — But I support it in blow-up over keys

Unchained: ‘Backdoor’ for Seed Phrases? Ledger’s New Recovery Feature Spooks Users

Tweet from Ouriel that explains the differences between ZenGo and Ledger

Solving the crypto adoption problem: making crypto *actually* usable

Multi-Party Computation (MPC) Technology Can Ensure Effective Fraud Detection | Nasdaq

Web3 Auth 101: What is wallet-based authentication?

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