Growing a Cryptocurrency Beyond Early Adopters

Growing a Cryptocurrency Beyond Early Adopters

Who Is This Guy

world’s first bitcoin merchant service

world’s first multi-currency wallet

world’s first blockchain SaaP

Founded:

2013

2014

2015

Started playing with consensus algorithms in 2010

Launched in 2014

Ethereum-based altcoin

~10 integrated trading platforms

USD & EUR on the Blockhain

Protocol: Omni Layer (ex. Mastercoin)

Launched in 2015

~40,000 usersProtocol: Ethereum contract

5 integrated projects

Tether Ecosystem

Elcoin Ecosystem

Cryptocurrency Adoption Barriers

Problem: wallet download

Solution: web wallets

Problem: User-side Keys

Solution: in-browser key derivation

Problem: Lost Password

Typical proposal: multi-sig & recovery keys

Better Solution: Automatic Recovery Key Backup

Wallet ProviderRecovery Service Provider

User

Multi-sig Wallet

IT WORKS!

secondfactor.io

+

Wait! Did you say multi-sig wallet for Ethereum?!

Our Little Secret: Blind Signing

SecondFactor

Ambisafe Wallet API

Protocol Implementation

Sigha

sh(es

)Sighash(es)

Simple ECDSA Sign

Simple ECDSA Sign

Problem: “Fee Currency”

Solution: Wallet Provider Covers Network Fees

Bitcoin-based USD Wallet

No Mention of Bitcoin

Ethereum-based Wallet

No Mention of Ethereum

Problem:Newborn Cryptocurrency Requires:

Web & Mobile Wallets Trading Platform Integrations Merchant Services A ton of other integrations

WE HAVE SOME OF THESE

Solution:Standartize Wallet API’s

Supernode Standard Initiative

Our Try:

https://www.ambisafe.co/blog/supernode-standard-initiative/

Vitalik Buterin: ah okay, so it's a wallet which can very quickly be configured to work with different block explorer APIs for different cryptos Vitalik Buterin: interesting

Ambisafe KeyserverWeb UI

Other Integrations

Your Currency

Currency Plugin API

How is this decentralized!?

Thank you!

Andrey Zamovskiy Founder andrey@ambisafe.co

Questions?

Johann Barbie CTO johann@ambisafe.co