I really like Jays reframing of important perspectives when it comes to the tech

AI summary of the linked article

Silence Laboratories proposes a framework for classifying digital asset custody by user empowerment rather than by the loose labels wallets use today, such as self-custodial or non-custodial. The article divides custody into self-custody, shared custody and delegated custody, and argues that the degree of empowerment should decide where a design sits on that spectrum. It says self-custody includes localized wallets, where keys are stored on the device, such as MetaMask and Trust Wallet, and distributed wallets, where key shares are never combined, such as MPC-based designs. Shared custody, popularized by Zengo and Coinbase, splits key shares between users and enterprises, while delegated custody covers centralized exchanges, with FTX cited as an example of the risks.

Recommended by 1 curator
Characters remaining: 10,000

comment guidelines