~/panel

Evolution of Wallets

on YouTube 31m
Panelat Pragma London 2024 · on Thursday, 2024-03-14· [web3, security]

speakers

name:Pedro Gomes
website:https://walletconnect.com
name:Itai Turbahn
website:http://www.dynamic.xyz
name:Itamar Lesuisse
links:none on file

resources

video:https://youtu.be/5bfXnm0yvx0
slides:none on file

summary

Discussion shows wallets evolving from connection protocols to full smart accounts: WalletConnect’s protocol and web3modal enable remote and embedded connections, Dynamic powers post-login embedded wallets for Pudgy Penguins and Doodles, and Argent reports 2 million smart accounts with $1B in assets and 100% AA adoption on Starknet. Panel argues smart accounts solve fragmentation but embedded wallets trade security for UX, calls for shared standards (EIP-6963) and cautions that EIP-7212/passkeys face gas and deployment hurdles.

AI-written summary · about

chapters (26)

  1. 0:00Panel intro and speaker introductions
  2. 1:29What Dynamic and WalletConnect do
  3. 2:34Argent’s Starknet smart wallet overview
  4. 3:09Defining embedded wallets and use cases
  5. 5:18Embedded wallets vs interoperability
  6. 6:59Friction in onboarding beyond wallets
  7. 8:04Global vs siloed wallets: pros and cons
  8. 10:14Use cases where global wallets don’t matter
  9. 11:29Why universal identity still matters
  10. 12:34Segmentation vs privacy in wallet identity
  11. 14:09Tradeoffs of topping up balances across dapps
  12. 15:18The problem with business-driven wallet silos
  13. 16:22Smart accounts as a solution to fragmentation
  14. 18:04Embedded wallets and the custody trade-off
  15. 19:15Trust assumptions vs technical custody
  16. 20:55Smart accounts for upgradeability and UX
  17. 21:56The need for shared infrastructure and standards
  18. 23:03Shoutout to EIP-6963 browser wallet standard
  19. 24:05How Starknet achieved 100% AA adoption
  20. 25:11Why Ethereum hasn’t prioritized UX upgrades
  21. 26:21L2s are key to driving account abstraction
  22. 27:38Audience Q: Thoughts on EIP-7212 and passkeys
  23. 28:57Passkey pros, cons, and infrastructure hurdles
  24. 30:07Clarifying what passkeys are and are not
  25. 30:38UX vs risk: How users really lose their funds
  26. 31:15Closing remarks

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