Our platform offers a simple and secure user experience to retrieve your private keys without ever exposing them and before giving you access, ensuring you are you. Exponentially making owning a self-custodial wallet more simple, leading to an increase in adoption.
The platform uses a simple browser-based frontend that allows users to register a new set of private keys, retrieve a previously registered set or gift a wallet. If a user is trying to register a new set of keys, the platform is designed to prompt the user to first select the kind of wallet they’d like to use. Once the user has selected the kind of wallet, they will be prompted to connect the wallet to receive a pop-up enabling them to fill the following fields: wallet address, private key, and email/SMS.
Once this information has been filled up, the user will receive a success message.
For retrieval, the user will log in with their World ID. This will trigger a challenge to verify their proof-of-personhood through email/SMS. If the proof-of-personhood is successful, the platform will send the nullifier received into the zkApp and launch the decryption of the information associated to this nullifier. The user will then be able to see and retrieve the private key.
Last, if the user is interested in gifting a wallet securely, to hopefully onboard more people into crypto, they can do so in a secure way through our platform. By clicking on the option to gift a wallet, a user can share their encrypted private keys to a friend or family member and prompt them to substitute their World ID nullifier with one of the new owner to preserve the retrieval functionality in favor of the new owner.
How is the project built:
Data required on front-end:
A1: On one end, obtain the World_ID nullifiers, both the one required when a wallet is created and the one shared when proof-of-personhood is completed for an individual.
A2: Once we have the nullifier required when a wallet is created, we hash it (N) and take the first character from the hash and add 10 to that number , we call this n. n= N+10
A3: We then generate a set of random strings with a length of n called S_i which are stored on Firebase. We create multiple S_i for robustness (explained later).
A4: After we have confirmation through proof-of-personhood, we proceed to concatenate the briefly locally stored private keys along with the string S_i generated.
B1: On another end, as the user inputs their private key, we temporarily store them on the device while we wait for the protocol to generate the random strings.
B2: Once these strings (S_i) have been generated, we concatenate them with the private key and encrypt it with K. The key (K) used to encrypt the concatenated private key will be stored in Firebase.
C1: Lastly, the Email/SMS will be stored directly on Firebase to enable the World ID verification during retrieval.
D: The encrypted concatenated private key+string will be divided in multiple shards, each shard is stored in IPFS. We recover the address in which the shard is stored and create the set of addresses (A_i) that will also be stored on Firebase.
For robustness we created multiple strings, so that if one or more set of addresses are breached, it is still impossible to decrypt the private key.
Data-required on frontend:
A1: The user will connect to the platform with their World ID. With the nullifier received, associated to this account, we issue a new challenge to the email/SMS stored in the Firebase database linked to that nullifier.
A2: Once the user has verified our request, the nullifier received gets sent into the zkApp (Mina) on Firebase.
A3: The function in the contract gets the following information from the Firebase protected database for the i-th attempt:
The function will keep trying to retrieve the matching information needed to decrypt the private key until the attempt is successful.
A4: Once the attempt is successful, the contract will begin to reconstruct the private key by.
Gift your wallet:
You might wish to gift your wallet in a secure form through our platform, we have enabled this functionality through Polygon. Our smart contract allows an existing user to gift their wallet by enabling access to the zero-knowledge-proof linked to it and triggering an update in the ownership by swapping the nullifiers.
The technologies used in our project are: zero-knowledge proofs (Mina) to preserve the privacy of the processed private keys after being encrypted and during the decryption process. for retrieval. To validate that the person registering and retrieving the private key are the same (without a KYC), and are completing the retrieval process only once, we use proof-of-personhood (World ID). To enable the reliable and continuous retrieval of the sharded encrypted private key we use IPFS. We use Wallet Connect to create a better UX for our users when retrieving their wallet information. We have enabled the ability to gift the private keys of your wallet through a Polygon smart contract.
Private keys are extremely sensitive, for someone to trust you with them requires an incredible level of security which we achieved through a multi-layer encryption process.
The solution that we have built can increase and accelerate mass adoption of non-custodial crypto wallets and through it the use of the DeFi ecosystem in Latin America, and at a global level. By improving the user experience required to hold your own crypto assets, we make it easier for non-web3 natives to bridge directly to a backed-up self-custodial web3 experience.