zksafe

ChainCatcher news, 1kx announced the launch of the privacy tool zkSafe, aimed at enhancing the privacy module of Safe multi-signature, providing users with a seamless, backend-free interface and greater customization and debugging capabilities.Safe is a multi-signature wallet provider and digital asset management platform. Its smart contract wallet enables businesses to manage funds with multiple private keys and other access modules through predefined access control schemes. As of Q2 2024, Safe has over $70 billion in assets distributed across more than 10 million smart accounts.zkSafe is a tool that provides better privacy for Safe multi-signatures. With zkSafe, Safe owners can collectively sign transactions without revealing who signed the transaction. The backend-free Safe UI enabled by the zkSafe module also allows developers to seamlessly use Safe on forked chains.Currently, zkSafe has been deployed on Ethereum, Base, BSC, Polygon, Gnosis, Arbitrum One, Optimism Mainnet, Scroll, and Sepolia.

ChainCatcher news, the ERC-6327 proposal submitted by the smart contract wallet startup ZKSAFE has officially entered the Draft stage. This proposal aims to provide a cryptographic signature standard beyond private keys for Ethereum, introducing a new signature algorithm called Elastic Signature (ES). ES signatures allow for signing on-chain data using human-friendly passwords, support changing passwords at any time, and are completely decentralized with no server nodes. The proposal defines a smart contract interface for verifying and authorizing ES operations. Using ES signatures in conjunction with private key signatures in AA wallets can enhance asset security, and ES can also be used independently without a private key, lowering the barrier for users to enter Web3. Due to its decentralized nature and the establishment of the ERC standard, ES has the potential to be the next hotspot for MPC and AA wallets.Previously, ZKSAFE announced that it had secured seed round funding co-led by Aperture Digital and NGC Ventures, with follow-on investments from Catcher VC, ByteTrade, and Betterverse DAO. It won first place at the BNBChain hackathon. (Source link)

ChainCatcher news, Web3 asset security service provider ZKSAFE has launched a $10,000 bug bounty program. ZKSAFE announced a Safebox address and private key on Twitter, and hackers also need to crack the corresponding password to claim the bounty.It is reported that ZKSAFE has created a secure box with a password + private key, ensuring that assets remain safe even if the private key is stolen. Users can have their own secure box contract, which can be understood as their own private bank. According to RootData, the project completed its seed round financing in September, with investments from NGC Capital, CatcherVC, BetterverseDao, and Aperture. (Source link)