APPLICATION INTRODUCTION
The Bitizen Wallet team has built the most advanced MPC-based wallet existing in the market, that provides a much safer and easier entry point for Web3 than any traditional wallets that have private keys and seed phrases. By applying for Conflux Technical Grant, Bitizen wishes to commonly integrate and further develop its technology and applications, helping the secure growth of the Conflux Ecosystem.
We are going to do an MPC + AA (EIP-4337) wallet solution for Conflux, which is specifically designed for Web3 projects to onboard Web2 users. The highlight is that the whole process is decentralized without any technical and knowledge barriers. It allows Web2 users who haven’t even heard of Bitcoin, to access NFTs, GameFi or other Web3 applications with zero barriers and smooth experience, with “no crypto slang, no KYC, no fiat deposits, no gas, and no blockchain knowledge." This is the only project on the market that is completely dedicated to converting Web2 users to Web3 users.
Underlying MPC cryptographic technology stands for Multi-Party Computation, that creates distributed and independent encrypted key shares, and allows multiple parties (or devices) to jointly co-sign the transaction, while completely removing a full private key. The MPC solution designed by the Bitizen team provides 2-of-3 TSS (Threshold Signature Scheme) that allows two out of three signing parties (mobile phone + server, or mobile phone + second device) to jointly compute the signature.
MPC technology will become a new benchmark for secure crypto wallets in the near future, removing the old standard of private-public key cryptography that is being currently used in Metamask, Trustwallet, TokenPocket, Bitkeep, Coin98 and other traditional wallets.
Right now Bitizen Team has fully working and operating Bitizen Wallet as a main product supporting Web3 Browser and Dapp Discovery functions, with its own SDKs and full WalletConnect v2 compatibility; while developing and adding more features at the moment, including Use-to-Earn (U2E), AA (Account Abstraction), DID (Digital Identity), Bitizen RewardBox, Bitizen Launchpad, GameFi Store, Bitizen DEX aggregator, DeFi aggregator, Fiat on-ramp solution, CryptoNews Hub and so on.
TEAM
Winson LIU - the Founder of Bitizen Wallet. Former Tencent & Sina Senior Engineer, skilled at cryptography engineering. Crypto OG, started mining and investing in BTC in 2013, long-term HODLer. Founded a privacy data marketplace protocol in 2017.
David Peng - CTO, Master’s degree in Cryptography from BUPT, former Blockchain Architect at Oracle, proficient in cryptography and blockchain, former core architect of a data marketplace protocol.
Nikita Ermakov - CMO, Master’s degree in Economics from Peking University. Former Head of Broker Department at OKX, Strategy Department Specialist at Huobi. Seasoned Russian expert in digital assets, multi language (EN, RUS, CH, KOR) & creative writer.
TG: nikitawins
TW: https://nikitashengli
James Jiang - Marketing and Global Growth Advisor. Former CEO of Global Markets at OKX Exchange Developed exchange’s both local and global operations and marketing since 2016. Since 2018 focused on overseas markets and served as the CEO of Global Markets, implementing his rich experience, team management skills, wide international network and resources in global marketing, greatly driving exchange’s performance, boosting revenue and user acquisition. Top-level marketing expert, with strategic vision and entrepreneurship spirit, James is a trusted partner, contributing to the Bitizen global growth in Web3.
Will Wang - Master’s degree from Tsinghua University, Ph.D. in Cryptography from Worcester Polytechnic University. Former Chief Data Office Cryptography Manager at USA AT&T; Security Architect at Apple Inc.; Senior Engineer at Qualcomm Corporation.
TOTAL BUDGET AND FUNDING TIER 2-3
Negotiable according to the depth of the integration with Conflux Ecosystem and its Partners.
CURRENT FUNCTIONALITY
Bitizen can completely solve the problems of unsecure private keys and seed phrases used in Conflux users’ wallets by providing an MPC-based solution as well as creating a unique DID related to each real user.
Easy user onboarding in less than one minute, including download, creating a safe wallet and backup, with no extra steps like creating a password or writing down a seed phrase.
Other steps can also be improved:
3FA Backup and Recovery solution including Biometry (face scan) and Social Recovery, becoming a complete AA solution for all users’ needs
TECHNICAL PROPOSAL
A complete and secure MPC wallet solution for fast and easy user on-boarding (within 30-40 seconds) with 20+ blockchains, DID, Web3 Domains, and NFT support, Web3 browser, DApp Store, Rankings, Widgets, News Hub, and ability to add dozens of modular features such as DEX + DeFi aggregators, fiat gateways, U2E, and so on.
SYSTEM MODEL
The working product can be viewed by downloading Bitizen Wallet app (iOS and Android):
https://bitizen.org
DEVELOPMENT ROADMAP
2023 Q1-Q2 Integration with Conflux Ecosystem, introducing RewardBox, U2E
2023 Q2-Q3 Launchpad, DEX & DeFi Aggregators
2023 Q4 Full DID Solution, GameFi Store, Fiat onramp
MAINTENANCE CONSIDERATIONS
Different modules will be added one by one, main functions will be not affected. Other projects from Conflux ecosystem are welcome and will be supported accordingly
Send us an email to [email protected] or contact directly in Telegram @nikitawins @winson_bit
