embeddedwallets

1/ Launching cloud-based recovery

We are continuously unfogging the map to improve the UX of self-custody. 

Secure embedded wallet recovery shares with your own Cloud.

Excited for this launch and a major unlock to future proof embedded wallets!

Data privacy on the web. Keeper of the fabric @privy.

Fmr Protocol Labs consensus work. Before that YC S14 🇫🇷🌐🍊

3/ To-date we've offered two options to secure the recovery share:

1️⃣ Automatic: Secured with entropy only the user can access, managed by remote infra

2️⃣ Pw-based: Power users create a password, giving more control but need the pw to provision new devices

4/ Today's launch gives power users a simpler way to secure wallets, starting with Google.

💪 Stronger entropy than manual pws
🧠 No need to remember anything

Users get more control than automatic recovery, and better UX than setting a password. A rare security + UX win/win!

5/ It's 🧈 - check it out for yourself at http://demo.privy.io today!

Our work to improve the UX of self-custody is never over. A lot more to come (not least as passkeys mature and EIP-3074 goes live).

Learn more about why we're so excited👇

5/ It's 🧈 - check it out for yourself at http://demo.privy.io today!

Our work to improve the UX of self-custody is never over. A lot more to come (not least as passkeys mature and EIP-3074 goes live).

Learn more about why we're so excited👇

https://www.privy.io/blog/cloud-based-wallet-recovery-launch

2/ When wallets are created, we split the private key into three shares. 2/3 are needed to use the wallet.

📱 Device share
🔒 Auth share (Privy stored)
🤝 Recovery share (e2ee, only accessible to the user)

Users need to recovery share to access the wallet on a new device.

off & onchain operations
<--->
Sharing ideas over at /workflow <--->
Problem solving is my jam😎
🎩

seemore.tv/free/fc/adam-

Great feedback, thank you. We hope to leverage webauthn to get security key support (am a big yubikey user) but starting with highest impact

I understand why google was prioritized here do to its familiarity, but please consider additional options such as BitWarden. 
Yubikey integration would also go a long way in giving peace of mind

building /tap /cortex, hacking /farhack | dylansteck.com

It’s not quite back up your wallet in that it’s entropy used to secure a recovery share that’s backed up —

+ Google compromise doesn’t leak your key in any way
- you can’t recover if privy goes offline (yet — that’s next)

This might be the first time I've seen "Back up your wallet/account to Google Drive", pretty sick!!