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    Home Unlabelled Ethereum The Gnosis Safe is live on mainnet

    Ethereum The Gnosis Safe is live on mainnet

    November 28, 2018

    Ethereum The Gnosis Safe is live on mainnet

    The Gnosis Safe is live on mainnet

    Posted: 28 Nov 2018 05:52 AM PST

    TLDR: You can download the Android app (iOS coming soon) right now that will deploy a mobile-friendly personal smart contract wallet (multisig). You can add a Chrome extension that will hold the second key and will allow you to interact with dApps similar to Metamask (but then with your phone effectively as a 2FA device). safe.gnosis.io

    Why is this a big deal? Basically all wallets today are EOAs (Externally Owned Accounts) - those accounts are "all-or-nothing accounts". You have the key - you have FULL control over the account, you don't have it - you have nothing. Smart contract wallets, in contrast, can have access logic by whom and how they can be used. So far, the only instance of smart contract wallets in use are "multisigs" used by teams. However - we are bringing them to the end user because they will provide significant UX and security improvements:

    UX:

    • you can have a wallet that only contains tokens/tokens are used to pay for gas
    • batching of transactions into one atomic transaction (many dApps require multiple transactions where the user would expect a single transaction; e.g. approve a token + interact with the contract that then uses the approval)
    • outsource the gas pricing strategy to a specialized service
    • have different devices control the same account without sharing/exporting the seed (instead multiple keys are registered as an owner)

    Security:

    • The Safe removes the single point of failure; it can be controlled from multiple devices without any device having full controll
    • different permissions for different devices (e.g. you have all your ETH/tokens in one account and can spend up to $500 per day with the Chrome extension, for more you have to also use your hardware wallet)
    • (social) recovery rules (e.g. if your account has not been touched for 100 days (you lost your keys), you can trigger a recovery process in which a set of your friends can give you back ownership)
    • exchange your keys if you have reasons to believe they might be compromised

    All of that is enabled with the contract design. However - to manage expectations - in this first release the benefit over other wallets is the 2 factor aspect. You can interact with dApps using the Chrome extension and you will have to confirm the transaction on your phone as well. If either your computer or your phone gets compromised, your funds are still safe.

    Some are asking us why we are building such a product when our main product is prediction markets? As a project early in the space (we had a live prediction market on mainnet just weeks after Ethereum's launch in 2015), we have always contributed to infrastructure. At the time we prepared our token sale, there was no multisig wallet that could handle tokens - that is why we built what became the standard for teams in the space: https://wallet.gnosis.pm. Instances of that contract handle around 2 million ETH today and much more in tokens. The Safe is the successor of that project with many improvements that make it easy enough for normal end-users to use it. For further reading, check blog.gnosis.pm and specifically this post on the safe.

    When we release the prediction market, it will be possible for a user to use it only having a stable coin in their Gnosis Safe and without worrying about complicated gas pricing or loss of all funds if a single device is compromised.

    For help, questions, critique also join us on Riot: https://chat.gnosis.pm/

    submitted by /u/koeppelmann
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    Geth v1.8.19 (No Nick) out! 30% faster blocks processing!

    Posted: 28 Nov 2018 05:11 AM PST

    AWS launches a managed blockchain service w/ Ethereum & Hyperledger support [Techcrunch]

    Posted: 28 Nov 2018 10:33 AM PST

    Using Ethereum to bring Open Source Financial Freedom

    Posted: 28 Nov 2018 01:32 PM PST

    OpenBazaar blog: Why We Are Integrating Ethereum into OpenBazaar

    Posted: 28 Nov 2018 04:45 PM PST

    Ethereum Workshop in Cambridge : Ethereum 2.0 explained by Justin Drake

    Posted: 28 Nov 2018 05:21 PM PST

    Ethereum 2.0 Q&A session (hosted by ETHMagicians, with Vitalik, Danny, Lane, and more) write-up and useful links

    Posted: 28 Nov 2018 02:21 AM PST

    Allow me to introduce Upbloc, curated message board built on ethereum/ipfs and deployed to Ropsten today. 3 different curation frequencies - the slower the frequency, the tighter the filter and the higher the reward

    Posted: 28 Nov 2018 10:31 AM PST

    Check it out here: https://upbloc.io/

    This project is my attempt to build an incentivized curation platform that was simple, easy to use, and would incentivize high quality content.

    The main features are the idea of having different "tempos", each publishing the top-curated post at a different frequency. So we have an hourly tempo, a semidaily tempo, and a weekly tempo.

    To incentivize posts, the published post wins credits equal to the number of hours in the frequency, so 1 for the hourly and 168 for the weekly. Credits are an ERC-20 token. No ICO or anything, they're just being given away for fun.

    I deployed this to the ropsten testnet today. Would love any feedback and am happy to answer questions.

    submitted by /u/Enodios
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    [STREAM] Eth2.0 Implementers Call #7 [11/29/2018 2pm UTC]

    Posted: 28 Nov 2018 10:21 AM PST

    PlasmaChain Validators: Next-Level Security with HSMs -- Loom Network

    Posted: 28 Nov 2018 08:20 AM PST

    Cryptocup integrates DAI for a stable prize pool

    Posted: 28 Nov 2018 11:04 AM PST

    Physical Meets Digital: CryptoKaiju Launches First Collectible Toys On The Ethereum Blockchain

    Posted: 28 Nov 2018 08:06 AM PST

    Central Planning As Overfitting -- Vitalik Buterin & E. Glen Weyl

    Posted: 28 Nov 2018 09:17 AM PST

    PubSub Pattern in Solidity Smart Contracts using Solidity 0.5.0

    Posted: 28 Nov 2018 05:30 PM PST

    Amazon Announces Managed Blockchain with Ethereum Framework Support

    Posted: 28 Nov 2018 09:32 AM PST

    Grid+ Lattice1 Demo at DevCon

    Posted: 28 Nov 2018 10:36 AM PST

    How/will chain splits work with PoS?

    Posted: 28 Nov 2018 08:08 PM PST

    Suppose at some point in the future there's a divide over improvement proposal X. Camp X will vehemently insist X is needed to stay relevant, and camp Y will adamantly argue X is too risky.

    If there's a chain split and EthX and EthY is created, would validators staking for EthX be slashed on EthY and vice versa?

    Or will splits be a thing of the past? Could camp X create their "risky" network with a one way burn (like how PoW ether will move to the Beacon Chain)? Then if this "EthX" proves itself, could the legacy network amalgamate the feature (and *possibly* the balances) of EthX?

    submitted by /u/SwannyMatt
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    Is there an equivalent of Codepen for blockchain projects? Which tools do you use to showcase your solidity projects?

    Posted: 28 Nov 2018 09:59 AM PST

    1.4% of total ETH supply is held in MakerDAO smart contracts. And that figure is growing at 12% PER WEEK!

    Posted: 28 Nov 2018 08:10 AM PST

    Transaction hanging since 45+ minutes

    Posted: 28 Nov 2018 06:38 PM PST

    I wanted to check out MakerDAO and set up the proxy for DAI. Took the suggested GAS fee of 1 only ($0.11 which is still ridiculously high IMO) and since then it's hanging.

    It's been some time since I last used the ethereum network and even then it was way faster IIRC. Is this normal now? I went and checked the transaction queue: https://etherscan.io/chart/pendingtx Can anyone explain why it's super high then drops to zero every few hours?

    submitted by /u/StellarChurch
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    AWS Managed Blockchain AMA

    Posted: 28 Nov 2018 09:44 AM PST

    The BUIDL Weekly Newsletter- Block 1 – The Spectrum

    Posted: 28 Nov 2018 12:56 PM PST

    Welcoming Stefano to the Aragon Association

    Posted: 28 Nov 2018 07:28 AM PST

    Farewell Token Wizard 2.0 - Time to Reprioritize

    Posted: 28 Nov 2018 03:44 PM PST
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