The Wild West of Crypto Storage
The transition from Web2 to Web3 has brought incredible autonomy to users, but it has also shifted the burden of security entirely onto them. Lost keys, phishing attacks, and malicious smart contracts cost the industry billions every year.
Redefining Self-Custody
When we started architecture discussions for Oron Wallet, our mandate was clear: build a non-custodial wallet that feels as secure and forgiving as a traditional bank account.
Multi-Party Computation (MPC)
We moved away from traditional seed phrases, which represent a single point of failure. Instead, Oron Wallet utilizes threshold signature schemes (TSS) and Multi-Party Computation.
- The private key is never constructed in its entirety anywhere.
- Key shares are distributed across the user's device, our secure enclave, and an optional third-party backup.
- Transactions require a threshold of these shares to be signed.
Social Recovery Mechanisms
What happens if a user loses their phone? We implemented a robust social recovery system using zero-knowledge proofs. Users can nominate trusted guardians (friends, family, or institutions) who can collectively approve the recovery of wallet access without ever having access to the funds.
Security should not come at the cost of usability. Oron Wallet proves that you can have both.