Seamless web3 onboarding. We will remove the hurdles of Web3 and bring 100 million users from Web2.
Bounty Hunters has a wallet included in the app. This wallet is automatically created with your email address and your usual social login such as Twitter.
No need to connect a wallet such as Metamask. Therefore, you are freed from the hassle of pre-creating these wallets and strictly storing private keys and seed phrases.
Forget about the auto-generated wallet private key. It is automatically distributed and stored in email authentication, SNS authentication, devices and other factors without worrying about anything.
Of course, they are completely decentralized and we cannot even see them.
These mechanisms are integrated by Web3Auth.
Wallet can be controlled by multiple private keys, acting like a multisignature wallet. Users can either create a Sequence wallet using one of the supported social login options or create a wallet with a private key stored only on that device.
The improved security compared to traditional blockchain wallet comes from the fact that multiple independent keys need to be compromised for a malicious actor to take control of a user’s wallet, instead of a single key. The philosophy is that the more independent private-keys the user adds to their wallet, the more secure their wallet becomes, even if each individual key is only moderately secure on their own.