Gnosis Safe: Flexible, Secure Digital Asset Management Tools

By requiring multiple users to approve transactions, multi-signature wallets allow a group of people to share control of their funds.

Availability: Gnosis Safe Launched in 2018

Gnosis safe.

By requiring multiple users to approve transactions, multi-signature wallets allow a group of people to jointly control their funds.The Gnosis Multisig wallet sets a standard for secure fund management:It can hold ETH as well as other ERC-20 tokens, integrates with web3 wallets, supports offline signatures, hardware ledgers, and allows users to configure the owner and the number of signatures required. In addition, Gnosis Safe offers similar functionality to Gnosis Multisig, but for individual users who use two or more factors for authentication. Other factors can be saved by mobile devices (phones, tablets) and hardware ledgers.

  1. Background
    At the heart of everything we do on Ether, whether it’s sending ETH to a friend, taking out a loan on Maker, or buying digital art on OpenSea, is the concept of an account. An account on Ether holds everything we own, allows us to interact with the network, and provides us with an identity (ID). The account is identified by a 42-character string of numbers and letters, prefixed by 0x. Since 2017, accounts on the Etherea network have exploded.

Currently, there are more than 90 million unique accounts worldwide, and that number is growing at a rate of about 70,000 per day. Meanwhile, the value of ETH and ERC20 tokens in these accounts exceeds $40 billion. (Source: CoinMarketCap and Etherscan, April 3, 2020) With the rapid growth in the number of users and amount of wealth, we should make sure we are using our accounts to their maximum capacity.

  1. Team, affiliates and partners
    2.1 Core Team

Martin Köppelmann, CEOMartin Köppelmann has been an entrepreneur and thought leader in the blockchain space for over 3 years. He co-founded the decentralized Gnosis prediction marketplace – the first larger DApp to go live on ethereum. closely related to the prediction marketplace is his work on decentralized marketplace-driven governance mechanisms. futarchy. in addition to his entrepreneurial activities, Martin has also worked on different consensus mechanisms and scalability through state channels (state channels) He has studied the economic incentive structure of different consensus mechanisms and scalable solutions. Martin co-chairs the Ether Meetup groups in Silicon Valley and San Francisco. Finally, Martin is known for his work and research on “Basic Income on the Blockchain: Circles”, a new cryptocurrency built on top of Ether that aims to implement basic income as a monetary policy. Stefan George, CTOStefan is an entrepreneur and developer who became interested in Bitcoin in 2013.

Previously, Stefan worked for tech companies in Silicon Valley and startups in Berlin. After receiving his Master’s degree in Computer Science, he traveled to Asia for a year in 2014 before starting work on Gnosis in Berlin. the first alpha version of Gnosis was released a week after the launch of Ether. Stefan led the development of Gnosis and implemented the smart contract behind the prediction market platform. Dr. Friederike Ernst, COOFriederike is a physicist with a PhD from Freie Universität Berlin followed by years of fundamental research at Columbia University and Stanford University, Friederike also worked part-time as a crypto technologist for many years. She now runs the company full time at Gnosis. In addition, she is the Secretary General of the German Blockchain Association, the leading think tank for blockchain policy in Germany.

2.2 Committee & Advisory Board:

Joseph Lubin (Committee Member) Co-founder of Ether, Founder of ConsenSys. He has an academic background in electrical engineering and computer science from Princeton University and has extensive research experience in the field of robot learning. Former Vice President of Technology at Goldman Sachs Private Wealth Management. Jeremy Millar (Committee Member) Chief of Staff for ConsenSys. As Chief of Staff, Jeremy is responsible for the firm’s corporate activities and strategic initiatives. Previously, Jeremy Millar was the founder and managing partner of Ledger Partners.

Ledger Partners grew out of Jeremy’s growing interest and passion for the blockchain and bitcoin ecosystem. It started with a blog post that is arguably the most comprehensive report to date on what is happening in the world of bitcoin and blockchain startups, which you can see here: http://bit.ly/1Zq2Pvy. Jeremy started out as one of the first Java architects at Oracle and went on to work within Oracle and at a number of startup companies in sales management and strategy roles. He completed his MBA at Oxford University before joining the M&A team at Goldman Sachs. Jeremy is a founding partner of Magister Advisors, advising fintech and SaaS companies in Europe.

He is also an active angel investor and a mentor in the Barclays Accelerator, a program facilitated by Techstars. James Slazas has 20 years of capital markets experience, initially working on the futures exchanges of CME and La Matif. Managed proprietary derivatives arbitrage and structured products books for Lehman Brothers. Also held $1 billion of emerging market credit exposure for Lehman’s high net worth clients in London, Switzerland and Hong Kong banks. James manages a life settlement hedge fund with a unique approach to acquiring longevity risk for limited partnership units.

Robin HansonRobin Hanson is an Associate Professor of Economics at George Mason University and a Fellow of the Future of Humanity Institute at Oxford University. He is a well-known futures and markets expert and was involved in the creation of the Foresight Institute’s Foresight Exchange and DARPA’s FutureMAP program. He invented the LMSR (Logarithmic Market Scoring Rule) market scoring rule for prediction markets such as Gnosis and has worked on signals.

Jason TrostSmarkets Founder and CEO. Prior to founding Smarkets, Jason was an application developer at UBS Global Asset Management (New York), where he focused on innovative web technologies. Jason founded the internet startup Descipher, a consumer healthcare website, and was an equity trader at Great Point Capital (Chicago). Vitalik Buterin Founder of Ether and Chief Scientist at Ether.Vitalik Buterin is a Canadian programmer and writer, primarily a co-founder of Ether and co-founder of Bitcoin Magazine.Vitalik helped develop Gnosis’ auction mechanism and participated in the crypto-economic experiments conducted by Gnosis. 3. The idea behind Gnosis Safe
There are actually two different types of accounts on Ether: external accounts and contract accounts, and it is becoming increasingly clear that the latter is key to mass adoption. Below we provide a comparison between external and contract accounts, followed by an introduction to the main features and benefits of gnosis safe smart contracts, according to the gnosis team. EOAs vs. contract accounts (external accounts vs. contract accounts)
What is the difference between two different types of accounts on Ether: external accounts (EOA) and contract accounts?

3.1 EOAs (external accounts):

So far, most of the accounts created on the ethereum network fall under the category of external accounts. eoa (externally owned accounts) are ethereum accounts that use traditional key pairs. That is, they consist of a single private key that can be used to make transactions and sign messages. If you gain access to that private key, you gain full control over the account. Most popular wallets such as Memask or imToken are simply EOA, and even hardware wallets such as Ledger Nano or Trezor are EOA based. This means that there is only a single stopping point between the user and the loss of their funds, the private key.

3.2 Contracted accounts

Another type of Ether account is the smart contract account. Like EOAs, smart contract accounts each have a unique public Ether address, and they cannot be distinguished from EOAs by looking at the Ether address. Smart contract accounts can also receive funds and perform transactions similar to EOAs. Often, the key difference is that no single private key is used to validate the transaction. Instead, the logic behind how an account completes a transaction is defined in the smart contract code. Smart contracts are programs that run on the ethereum blockchain and execute when specific conditions are met. Their functionality in contract accounts means that such accounts enable access, for example, to specify who, how, and under what conditions transactions are executed, as well as more complex logic than EOA.

3.3 Multi-Signature Wallets

A multi-signature wallet is a contract account that requires confirmation from multiple parties before a transaction can be executed. These parties (each represented by a unique ethereum account address) are defined in the smart contract as multi-signature wallet owners. A transaction is executed only when a predefined number of owners confirm it. As a result, single points of failure associated with accounts controlled by private keys are removed; loss or corruption of the private key will no longer automatically result in the loss of all funds controlled by the account.

Gnosis Safe: Flexible, Secure Digital Asset Management Tools

4、The Gnosis Safe

The Gnosis safe is a smart contract wallet with multi-signature functionality at its core. It has the following features:

4.1 High security

Gnosis Safe’s multi-signature feature allows you to define a list of owner accounts and a threshold number of accounts required to confirm a transaction. Once a transaction is confirmed by the threshold of the owner’s account, the secure transaction can be executed. Owners can be EOAs or other smart contract accounts.

4.2 Advanced Execution Logic

Complex transactions can be executed using different Gnosis safe library contracts. A very common example is batch transactions, where multiple simple ethereum transactions are combined and executed at the same time. This means that instead of signing multiple transactions in a row, the user only needs to sign a single batch transaction.

4.3 Advanced access management

A user can add the Gnosis Safe module to his Gnosis Safe. This makes it possible to achieve more granular access management. For example, a module can be defined that can only be used to restore access to Gnosis safe in certain circumstances. A popular version of this is the social recovery module. A different example is the allowance module (allowance modules) that allows the owner of Gnosis safe to grant limited execution permissions, such as a daily limit on external accounts.

4.4 Token callback support

Many new tokens require wallet contracts to implement callbacks. Token standards like ERC721 and ERC1155 allow contracts to react immediately to incoming tokens via these, or even potentially reject transfers altogether.

4.5 No Ether Accounts

Another core feature of Gnosis Safe is token payments. Generally, Ether transactions require ETH to pay for the transaction fee (“gas”). With Gnosis Safe, users can pay for transactions with a number of supported ERC20 tokens. This is achieved through the transaction relay service, which accepts these tokens and submits the transaction to the blockchain, thus paying the gas fee in ETH. With the same functionality, it is possible to implement ethereum-free transactions, i.e. third parties pay transaction fees on behalf of Gnosis Safe through the same relay service.

  1. Gnosis Safe interface
    Gnosis Safe smart contracts can be accessed through different interfaces.

5.1 Gnosis Safe Multisig web interface

Gnosis Safe can be easily deployed and set up through the official Gnosis Safe website https://gnosis-safe.io安装, where users can specify the number of owners and their owner account addresses. Compatible account addresses include hardware wallets, Metamask, Authereum, WalletConnect enabled wallets, and others. You can see an asset overview and can perform transactions such as custom transactions with direct smart contract interaction. In addition to this, ENS names are also supported. Currently, the team is working on Safe Apps that third-party developers can utilize for better DApp integration.

5.2 Gnosis Safe Multisig Mobile

While the web version remains the focus, Gnosis Safe also has a mobile version. Gnosis Safe Multisig Mobile allows you to track your assets and transactions on your phone and stay informed with push notifications. App stores- iOS: https://apps.apple.com/app/id1515759131- Android: https://play.google.com/store/apps/details?id=io.gnosis.safeBeta- Mainnet iOS: https://testflight.apple.com/join/c6k0CIUk- Mainnet Android: https://appdistribution.firebase.dev/i/401cf2ea8afd6ed8- Rinkeby iOS: https://testflight.apple.com/join/U8NviSFl- Rinkeby Android: https://appdistribution.firebase.dev/i/8ecc0367c2001086

5.3 Secure Command Line Interface (CLI)

Users can use Safe -cli to interact with your Safe via the command line. Its functionality is currently limited.

5.3.1 Spotlight on Open Source

The Gnosis Safe code is an open source code available under Github that includes smart contracts, all interfaces and backend services. For the Gnosis Safe team, trust and security are essential aspects between users and them, especially the wallet infrastructure.

5.4 External interfaces

Universal Login can fully support Gnosis Safe smart contracts. Newly deployed wallets are Gnosis Safe by default, and the main reason they utilize Safe is because of its security.” Gnosis Safe is officially verified and audited code that stores more and more assets each month (currently worth nearly $9 million)” Pepo, a social network for video sharing built on the blockchain and developed by OST, leverages the Gnosis Safe smart contract. For each new Pepo user, a new Gnosis Safe contract is deployed.

The Pepo team decided to build on the Gnosis Safe stack because of its modularity, flexibility and security, allowing their application to leverage session keys, multi-device management and account recovery. a key contribution of Gnosis Safe to the application’s user experience is that its contracts enable users to have multiple devices.

  1. Contact information:
    Official Website: https://gnosis-safe.io

Twitter: https://twitter.com/gnosisSafe

Discord: https://discord.gg/hck6QZxu

Medium: https://blog.gnosis.pm/tagged/safe

Github: https://github.com/gnosis?utf8=%E2%9C%93&q=safe

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/gnosis-safe-flexible-secure-digital-asset-management-tools/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-06-05 05:09
Next 2021-06-05 07:14

Related articles