Project Summary
⚡ Why 1Wallet Exists:
Billions of users worldwide can earn 10% or more annual returns with crypto assets—but only if they stop worrying about seed phrases, device loss, phishing scams, and exchange hacks. 1Wallet secures financial futures by eliminating vulnerabilities like password breaches, malware, and custodial risks.
👩👩👧👦 Target Users:
Global consumers with minimal technical knowledge and modest investments (as low as a few thousand dollars).
💎 What It Offers:
A non-custodial digital wallet for:
- Buying crypto via credit cards.
- Trading across platforms.
- Earning fixed-rate interest or actively investing.
- Storing digital identity (e.g., NFTs, custom domains).
🤯 Key Innovations:
- No personal data required (emails, SMS, government IDs).
- Cross-chain compatibility (Bitcoin, Ethereum, Harmony, and more).
🔨 How It Works:
Built on Harmony’s blockchain:
- 2-second transactions with <$0.01 fees.
- Non-custodial and trustless by design.
💪 Team & Backing:
- Ex-Google engineers, formal verification experts, and top branding agencies.
- Founders of billion-user products.
🚀 Roadmap:
- Launched Q3 2021 (1,000 users).
- Scaled to 10,000+ users by Q4 2021 ($1k average wallet balance).
💡 Key Terms:
- Social Recovery: Friends/backup devices help regain access.
- Non-Custodial: Only you control funds.
Security Goals
Social (People)
- Resilient: Funds recoverable via time locks and multiple backups.
- Sufficient: No reliance on passwords or biometrics.
- Anonymous: Cryptographic hashes replace real-world IDs.
Smart (Code)
- Composable: Layered authentications (e.g., one-time passwords).
- On-Chain: Decentralized validation with open governance.
- Programmable: Supports smart contracts and oracles.
Hard (Math)
- Self-Sovereign: No third-party dependencies.
- Air-Gapped: Minimizes key-logger/MITM risks.
- Verified: Open-source cryptography + formal audits.
Tradeoffs & Priorities
Early Adoption (10k Users)
- Focus: Sufficiency, resilience, composability.
Mass Adoption (1M Users)
- Differentiators: On-chain, self-sovereign, air-gapped security.
👉 Learn About Previous Wallets
FAQ
Q: Is 1Wallet safe for beginners?
A: Yes—its social recovery and no-password design simplify security.
Q: Can I use it across blockchains?
A: Absolutely. It supports Bitcoin, Ethereum, Harmony, and more.
Q: What if I lose my device?
A: Social recovery lets trusted contacts help restore access.
Q: Are there fees?
A: Transactions cost less than $0.01 on Harmony.
Q: How is this different from MetaMask?
A: 1Wallet removes seed phrases and adds cross-chain/identity features.
Q: Is my data private?
A: Yes. No emails, IDs, or third-party tracking.
Note: The beta 1Wallet app remains under active development. Assets are secure, but always exercise caution.
### SEO Keywords:
1. Non-custodial crypto wallet
2. Social recovery wallet
3. Cross-chain Harmony wallet
4. Secure digital identity
5. Passwordless blockchain wallet
6. Low-fee crypto transactions
7. Decentralized finance (DeFi)