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Darren Woo - Keynote by Bitget Wallet

Stable SummitWed, Oct 9, 2024, 12:00 AM

Keynote by Bitget Wallet Presented by: Darren Woo https://twitter.com/D4Darren, Content Director at Bitget Wallet (@BitgetWallet). At the unStable Summit: Devconnect Istanbul.

Transcript

hello everyone uh my name is Darren I am the head of content for biget wallet and uh as many of you know I actually came from bitke keep wallet and that's how biget wallet actually first started and bitke keep wallet basically undergone a very very powerful brand upgrade in uh recently this year in the first quarter of this year and we became rebranded as bitg wallet so when we first started out as bit keep wallet back in 2018 we were basically trying to achieve the most fundamental aspects of what it means to serve as a good wallet a secure repository having the means to outreach to many of users as well as providing users with the accessibility to the funds they need right at their fingertips but moving forward we decided and we felt that in order for wallets to really evolve in order for us to really cater to a growing need of users we had to evolve we had to incorporate more services more features more products within the wallet that is not only useful for users like yourself and myself but also reliable and really long lasting in times to come and that is how big wallet eventually got created we began to incorporate more features into our wallet such as a swap feature a de browser an NFC Marketplace as well as many others such as staking as well as a very successful Launchpad in fact many of the projects that have been launched on biget wallet's exclusive Launchpad have done exceedingly well and that's what we're trying to prove that we can be more than what a wallet can be we are redefining the boundaries of web 3 as wallet so join me in this journey as I take you and explain to you why stable coins particularly are going to play a very vital role in the growth of the web3 wallet with bigad wallet so bigad wallet as I mentioned to you earlier already has a very large follower base we currently Support over 90 different blockchains uh we have over 250,000 different supported tokens basically any kind of token out there that has a value can be stored on biget wallet and in fact for our biget swap our integrated swap feature We Hold by the principle very strongly that any token that has commensurate value and has a corresponding Dex liquidity pool can be traded on biget Swap because we want to provide that kind of accessibility and this extends even outwards to stable coins right any kind of token has value can be traded on biget Swap currently we serve over 12 million users worldwide and we are also Asia's number one crypto wallet so in terms of strategy in terms of growth I think we already have it here and we're very pleased to stand where we are today as one of the most premier wallets that you can achieve now for stable coins stable coins require and I I'm pretty sure many of the speakers and a panel before me spoke very extensively on this but stable coins play a very vital role especially in producing stability in the market and also serving as a very powerful Outreach into developing nations as well as even traditional users who was just entering the web 3 space who want an alternate way of storing their value so big wallet is here to really provide you with that secure repository to store your funds as well as provide you meaningful ways to grow your asset portfolio speaking of security big a wallet is one of the most secure wallets out there in the world and we do this through many many different ways first of all we are decentralized and we are non-custodial we also have a very powerful $300 million user protection fund and we also have an integrated NPC wallet which I will be talking about later and all this goes towards our strategy providing a very secure means for users to store their assets furthermore we also have Hardware wallet compatibility especially with wallets like Keystone so if you wish to have a more secure way of accessing your funds you can gladly do so with bitg wallet as well and importantly we also have integrated risk alerts and this applies not only when you interact with daps on our dap browser but also when you interact with potentially risky token addresses on biget Swap as well so you are then prompted that you might be interacting with a dangerous address and you are prompted to perhaps reconsider your decision all these factors are there to provide you with that secure environment of which you can not only store your funds but again to trade them and to grow your asset portfolio so our wallet function is something that we hold very closely to our heart this is something that we first started out doing we currently Support over 90 different main Nets we have things like e staking as well again challenging the idea of what it means to be a wallet so if you want to perform staking on a wallet you can do so if you have eth if you want to do liquidity staking you can also do so um with the potential of higher yield as well because we aggregate pendal Finance onto our biget wallet as well so you can perform staking as an added means of growing additional yield if you choose to do so we also have a watch only wallet feature that basically allows you to track the movements of potential large whales alphas and leaders and ks in the market as long as you have their address you can key that into biget wallet and you can figure out their movements and get alerts on potential large trades that they are making and this really helps you you know make more more educated trading decisions again we're positioned again as a wet 3 trading wallet and this is our strategy to getting you there we also again have an intelligent homepage that automatically displays all tokens of value within your wallet itself so you don't have to manually add them onto your home interface it really provides that great ux just at your fingertips as you can see here we are ranked number four in terms of the most number of downloads on the Apple Store so we welcome you to give it a try I'm pretty sure you won't be disappointed now big MTC wallet uh we launched this very recently about two months back and we are very happy the success that we've gotten from this we received a lot of positive feedback and because I think we've really strategically manufactured not just an MPC feature in a wallet but also made it a central consideration in terms of security assessment for a wallet and one of the key features I think here besides um just you know having an ordinary key shares and all that being shed is we came up with a very unique prime number generation a way to create secure prime numbers when you generate your key shares so traditional NPC wallets generally create prime numbers just as it is however we abide by a very strict rule of 2 Q minus one that is to say that your prime number has to be doubled and then subtracted by one and that end result has to be prime as well in order for your key share to be generated so this process takes a little bit of time especially when a user first sets up the NPC wallet but this creates an unprecedented level of security that is by far one of the most secure standards in the industry we also have reshare mechanisms so in case your key share is stored on an old device that you might have forgotten once you log into your new device your old key share is automatically discarded on that device so that ensures better security parameters for your biget MPC wallet of course we also have a two3 reshare mechanism signature mechanism for a big wallet and basically your key Shares are splinted into three parts the first key share is kept by you as a user the second key share is kept by us and the last key share is stored on the Google cloud or your iCloud or Google Drive and this basically means that you require a quorum of two out of three key shares in order for your NPC wallet to approve transaction so this really creates that kind of transaction stability and security and next for big at Swap now big at Swap is really one of the most important features that we have on our wallet itself so biget swap is the conduit and the Avenue towards exploring better assets on web 3 not just performing trading but discovering new tokens you're among one of the first wallets to always provide you with the best token opportunities based on our token listings page we are always the fastest we always provide you with the most seamless access that could possibly need we aggregate liquidity from over 100 different dexes to provide you with the best trading rates available on the market we also have very robust and comprehensive Candlestick charts for almost every single token out there and this really gives you an itch and couple this with what I mentioned earlier on our watch only wallet where you can follow Alphas follow whales I think this really creates that optimal platform for you to engage in in trading we also have something called gas-free trading which is particularly special on bigad wallet we are really one of the pioneers of you know borrowed gas so if you want to perform a transaction on a network of which you don't potentially hold that native token of that chain you can still perform your transaction using our borrowed gas feature and lastly we also feature various trading modes besides just instant swaps we also have limit orders and if you wish to onramp into the blockchain itself you can do so using our very own OTC methods in which we Agate many many different payment providers like bansa Alchemy pay Moon pay and many more and we also have P2P trading of which we aggregate across into picket exchange for you to onramp your assets to trade as well so back to the idea on stable coins I think stable coins here really play a crucial role because you not only want to store your assets in a secure repository like what I mentioned earlier but also manage them and be able to necessarily perform Su swaps and to grow your stable coins and your toal asset portfolio and biggest swap is where it's at all integrated with within your very big at World itself and big at nft Market in case you are interested in trading nfts you can very easily do so on our bigger nft Market we aggregate nfts from eight different blockchains and you can purchase nfts from any of these chains using any of their tokens so you're not confined to just one nft itself from a Marketplace compar this to things like openc where it's mostly on ethereum compared it to jpg store where it's mostly on cardano you don't have to worry about that here because we aggregate all the nfts right into one single Marketplace really streamlining your browsing uh capabilities within our wallet itself and we also have our Deb browser now our Deb browser is really something that we're very proud of because you can explore basically any part of web 3 using your big wallet itself so again it's not just a secure way of storing your assets but it's also a way of discovering new ways to interact with the rest of the web3 ecosystem whether is it through lending whether is it through yield farming whether is it through liquidity staking whether it's through game fight social fight any kind of genre you can find them on our big Deb browser which we're constantly growing we're constantly grooming to incorporate more deps on our big de browser you can search for them either via the name the URL or even through our specially curated lists of different genres of depths that we showcase on our de browser updated regularly and that brings me to the end of today's presentation I hope you all enjoyed it um it's a very brief introduction on what big wallet does I'm very excited to show what big wallet can do in the future and if you haven't tried it already please you know try your hands on biget wallet I'm very sure you won't be disappointed and again if you want a way to secure your assets and also to grow your portfolio biget wallet is the trading wallet of the future for you thank you very much

Automatic transcript — names and jargon may be misspelled.