produvia / kryptos

Kryptos AI is a virtual investment assistant that manages your cryptocurrency portfolio

http://twitter.com/kryptos_ai

MIT License

48 stars 8 forks source link

Custody #42

Open slavakurilyak opened 6 years ago

slavakurilyak commented 6 years ago

Story

As a developer, I want to solve the custody problem of cryptocurrency, so that I can answer the question: "who holds your bitcoin?"

Inspiration

It's a beautiful idea to "be your own bank" (BYOB), but if you're a prominent individual or if you're a fund or an institution, it's the last thing you want to do.

--Naval Ravikant, CEO at AngelList (YouTube, 2017)

Background

What is digital asset custody?

A digital asset custodian provides strict financial controls and secure storage for institutional investors wanting to trade digital currencies like Bitcoin, Ethereum, and more. (Coinbase, 2018)

Consider

Learning from existing custodian software in the digital asset custody space:

Ledger's software
Coinbase's Custody software
Anchor Labs

Using Third-Party Authentication to remove the reliance of storing user data (exchange keys) on the platform

slavakurilyak commented 6 years ago

Here are some solutions to the crypto custody problem:

(TechCrunch, 2018)