Improving crypto UX with onchain password reset
We just crossed 5K onchain recoveries for Farcaster.
One thing that I learned at Coinbase was that mainstream users forget passwords.
But we want Farcaster to be self-custodial. So we've implemented two layers to help users keep their account:
1. When you sign up, we generate a new mnemonic in the background and attach it to a Passkey that stays on the user's device and encrypted in their iCloud.
No need to write down the seed phrase (which over the last 3 years we've learned that most people won't do).
2. But even if you lose access to the Passkey, the Farcaster protocol allows for a second address to be able to transfer the Farcaster account to a new address.
This is set by default to Warpcast for users that sign up with Warpcast, but more sophisticated users have the option to change it to an address they control.
You can think of it as an onchain password reset that is user-controlled.
@chaserchapman@dwr@farcaster_xyz Patience and intentionality…absolutely. To me it feels like they (and the community) have a slightly different focus than anywhere else in this space…and it’s working.
I have 5 @lensprotocol invites for the first 5 people to mint a 5GEEZUS & show me with your wallet address below 👀👀👀
https://t.co/gSq3HSaBHy
or https://t.co/8muy3ybfAk
Then join the community on @orbapp_ 🙏
@OlimpioCrypto What do you do if a company.. ahem a tradfi one…uses SMS as the only form of 2FA? Or better yet, some seem to offer security keys but hey if you don’t have it with you time, don’t worry you can choose to use SMS instead
Has anyone else been having trouble connecting to apps via the @zerion browser extension for the last few days? The connection just spins, wonder if it’s my setup…but it did used to work.
Just noticed that my barber has a bitcoin atm. I have to admit I’ve never used one before. Do you have to T9 your address on the sticky keypad while Joe Barber is clipping someone’s nose hairs behind you?
Spent some time with screen time data today. 5 of my 10 most used mobile apps are portals to social networks: @buttrfly.lens, @warpcast, twitter, reddit, discord. The other 5 are communication/wallet apps.
Wild how effectively smartphones connect the ideas & money of 7B people
Thrilled to announce Farcaster will be moving to OP Mainnet.
Many of our most active users & developers are building on the OP Stack across OP Mainnet, Base & Zora.
We’re also excited about Optimism’s strong commitment to open source & OP Mainnet identity initiatives like EAS.