Seed Based crypto wallets have no future. They are plagued by design no matter how you wrap them. This presentation explains why and gives a glimpse at the future of wallet security

1. 💀 RIP Seed Phrases
Security myths and the future of wallet security

2. Not your keys
Not your coins

3. Your keys
Your problems

4. People lose their wallets

6. A seed phrase is a set of words that gives
you the illusion of security, even in Vegas
- Daniel Ocean

7. ● A single-factor system
● Mobile or hardware, security depends on it
● You have to “keep it somewhere safe”
Seed phrases are vulnerable

8. Seed Phrase Wallets

9. First some.. magic

12. Why?

13. Because humans are 🤪

15. Because the *out-of-wallet* back up

16. I forgot my password
Phishing
Lost my seed
Forgot to back-up
Wiped my computer
Kids threw it
Software leaked it

17. The “future of crypto security”

18. The “future of crypto security”

19. The “future of crypto security”

20. The “future of crypto security”

22. $100,000,000,000

23. Seed-based wallets are
like cars without breaks,
seatbelts, airbags and
crash detection

25. So what then?

26. The future of crypto security: Multi-factor
Custodial Single-Factor Multi-factor

27. The future of crypto security: Keyless
Shamir Secret
Multi-Sig
Smart-Contract + AA
Multi-Party Computation
Seed phrases

28. The future of crypto security: Recovery
TOTP
Password-less
Secure Biometrics
Passwords / Pin

29. MPC Wallets
ᐩ Simple onboarding
ᐩ Math first. Software first.
ᐩ Multi-factor authentication by default
ᐩ No add-ons
ᐩ Assisted + protected
ᐩ User is in control
ᐩ Built-in transaction protections
The future of crypto security: MPC
Seed Phrases
ᐩ Complex onboarding
ᐩ Tedious recovery
ᐩ Single-factor backup
ᐩ Weak authentication
ᐩ Buy Hardware / Steel Plate / Vault
ᐩ User is alone
ᐩ $ Billions lost / stolen

30. 800,000+

31. 0

32. www.zengo.com