![]() ![]() Details about the implementation remain scarce-what about key recovery, if you drop your phone in the river? is it a custodial relationship, or will users truly own their private keys?-but it’s an option you may want to hear more about before committing to Exodus 1. The upcoming Samsung Galaxy S10 will also have dedicated hardware storage for private keys. So yes, the blockchain experience remains a work in progress. It’s universally an issue, though, that social key recovery doesn’t currently account for what happens if you have a falling out, or one of your friends becomes otherwise unreachable. That may say more about me than it does the recovery mechanism. ![]() But, still.)īesides, I couldn’t figure out which five friends I would trust to call on three years from now to cough up my private keys. (To be clear: This doesn’t indicate shenanigans on HTC’s part, and I suspect it’s the most user-friendly way to make social key recovery work. ![]() Zion asks to “see, edit, create, and delete all of your Google Drive files,” among other permissions, and the dissonance between that and my new decentralized life spooked me. This is as far as I got in testing out social key recovery. You assign them through your Google account your trusted contact list is stored in Google Drive. But Zion also uses what it calls “social key recovery,” which lets you split your key among three to five trusted contacts. For that, you have the recovery phrase, as mentioned. Then there’s the matter of recovering those assets if you lose or replace your actual device. Either way, it’s best to think of Exodus 1 as an ambitious experiment, and to plan your risk tolerance accordingly. And the more people start stashing digital assets in there, the more popular a target it will become.Ĭhen says that HTC is working on an alternative hardware solution for future generations of Exodus, and that it has established a bug bounty program and collaborated with the cryptography community to ensure Zion’s resilience. TrustZone is strong, and very difficult to crack. We’ve talked in more depth about its approach to security here, but the topline is that it uses ARM TrustZone technology, similar to the iOS secure enclave, to protect your cryptocurrency. It’s a good question, and Exodus 1 doesn’t yet have all of the answers. Smartphones are not the likeliest place to stash your digital assets. Or you may someday, you know, want a new one. The right question to have asked at this point is some variation of: Why would I put cryptocurrency on a phone? You can lose a phone, or break it, or someone can steal it. “It’s like a proto, preliminary example of consumers starting to own their digital identities.” Although the interaction is similar, it’s fundamentally different,” says Chen, who fully acknowledges that it’s still very early days. You’re using a digital identity that you own. “You’re not using your Facebook sign-in, your Apple ID. But overall, it feels a bit like apartment hunting in a high-rise where most units are still just exposed framing. The Exodus 1 will also feature integrations with Nodle, a decentralized IoT connectivity provider, and an activity tracker called Numbers. There’s a crypto-based Airbnb, and a couple of blockchain social networks. The less good news: the Opera Dapp store offers around 30 options, including a handful of exchanges and more than one Pokémon knock-off. ![]() Opera hosts a decentralized app store, making it relatively easy to find the so-called DApps (that’s “decentralized apps”) designed to let everyone maintain control of their data. The good news is that the Exodus 1 provides something of a roadmap, or at least a brightly painted arrow, through a partnership with the Opera browser. It turns out there’s not much to experience yet. I had a colleague send a pittance of Litecoin to my shiny new wallet address, and geared up to experience the decentralized internet of Web 3.0 in its full glory. Just create a six-digit pin, get your 12-digit recovery phrase-and write it down somewhere safe, for the love of ether-and voila. It only takes a minute or so to get set up with Zion. ![]()
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