Smart Wallet: Blockchain to Mass Adoption

Transcript

um hello everyone this is ricky i'm the co-founder of mac lab i'm very happy to join kong to share what we are working on today my topic is smart worried blockchain to mass adoption first let me introduce something about us my team are very early and long term engage in blockchain technology we have deep relationship with ethereum our father mr guru who translated the eastern white paper into chinese in 2014 and he helped build up the extreme community in china in very early stage mikey's wishing is to learn the barrier

for using blockchain for average people before we start first let's look into some data as you know the fine market increased crazy investments so many interesting things in mm liquidity mining things happened in past weeks the total value locked in ethereum device made five billion years a day but after i compare the data with the market cap of the tesla i think different market is so small so that's why we think blockchains do not go to mass adoption

i often got a lot of questions like ricky how long time the blockchain will go method option what time even my grandparent can also use the blockchain applications blockchain is in today it is i think it's too complicated for people to understand and to use it for example i must tell my mother please remember and write down the private key if you lost the assets will disappear my mother asked me curiously what is priority it's a good question my answer may be it's priority is a very very super long

unformatted password and cannot be reset holy it's not holy grail so the complication of the key management of blockchain is the first barrier for mass adoption second the battery and yes users have too much things to run we have many different chains public chains different consensus powers some of them is a fee base like estrium you must have ethereum to transfer yazi 20 token and the sum of them is a resource state module some of them use hash style address

which cannot be remembered so we need a solution to help the user a little to learn the back end of the blockchain terrible technologies we shouldn't tell java how to build a car thirdly everything can be masked options should be very cheap and free to use and use use internet as an example and the user can use free service from google facebook but those companies can still get large revenues from their business this business model also can be copied in to blockchain industry with mass adoption coming

so i think not until those three points are met at the same time the math option will never come so for salsa's problems we launched kid portugal and my key in last august it com writes the five features the first is the smart contract based account control and the second is separate account authorities and the third is a trustless recovery mechanism the fourth is network created module the fifth is the uniform identity on multiple chain we think in the future the blockchain is

based on multiple chains yes different applications on different public chains so key id is the protocol is a pseudo account mechanism can be deployed on different smart contract compatible brochures in my key account she has two type of keys admin key and operation keys the minke can not do any specific output operations on users assets it can only be used to manage operations like reset freeze activate with camlock mechanism the operation keys are one

time generated inner users device randomly operation key is never left from the device they are used to size the transactions like transfer token use depth for user the most benefit for this mechanism is the lower the less comprehend key leak by mistake and imported by other guys to grab all the assets we implemented different tabs recovery mechanism in different situation and use case when user make a mistake like lost device

forget password come across accents we can help recover the account in different criteria and different time log myki officially launched in last august with its first public chain us by now we are the only one multiple chin smart world in the world our use base increased very fast 200 thousands user totally it is also the largest user-based smart warranty we think after we launched the estrogen part we launched kid smart contract on stream on the february on this february

and we already have more than 20 thousand users on the stream right now every functionality we designed in my key is for average people it is a very easy blockchain portal now let me do some demo for for every audience yeah when we enter my key applications as a main page this main page is for user

most frequency usage you see can buy the token and the sale token by fiat we also implemented a centralized and decentralized uh swap it can get the best liquidity from any other broker like we can just exchange usdt into israel through balance with with barbara fee and in some limit time and also we house the multiple chain asset management we currently we support ethereum and the us

public chain with the key id protocol and we also support a non-smart contract chain like btc with the decentralized private key to signature the centralized custodial service and we also implemented many popular default project into into my key will find the user interface and provides a very easy uh very easy management and portfolio management to to end users and we also have the network fee module

every transaction is consumed the network fee user can top up with different crypto and this network fee is calculated by u.s dollars and we also have the open debt brothers it is supported in different chains applications and we can easily access units web very easy just to transfer from one token to other yeah that's what we are working on

i almost completed my presentation and if you are interested in my key you can directly access my key dot org and you can also contact me ricky mykey.org and hope every developer and team can can go with us and build the blockchain better and to make the blockchain go to mass adoption thank you foreign