The first multi-signature Wallet Momentum Safe of Aptos is online, enhancing asset security and management efficiency.

The first Multi-signature Wallet on Aptos: An Analysis of Momentum Safe

Multi-signature is a digital signature mechanism that allows two or more users to jointly control assets. It decentralizes the control of asset ownership of a wallet address among multiple people, enhancing security.

Momentum Safe, as the first Multi-signature Wallet solution on the Aptos blockchain, has been successfully deployed to the mainnet. It provides an additional layer of protection for account assets and resources, mitigating the single point of failure risks that single-signature wallets may pose, making it suitable for investment institutions, project teams, and organizations such as DAOs.

"Gnosis Safe" on Aptos? Understand the first Multi-signature Wallet Momentum Safe on Aptos (with interactive tutorial)

Use Cases of Momentum Safe

  1. Project Foundation Financial Management: Helping to manage Aptos ecosystem tokens, including APT.

  2. DAO Financial Management: Controlled by designated members through a Multi-signature Wallet, managing DAO funds via voting.

  3. Project Revenue Management: Such as the management of NFT project royalties and minting fees.

  4. Move module release: Deploying smart contracts through Multi-signature Wallet reduces developer risk.

  5. Protocol Management Control: Manage changes to key parameters of the protocol, emergency stop, and community rewards functionalities.

"Gnosis Safe" on Aptos? Understand the first Multi-signature Wallet Momentum Safe on Aptos (with interactive tutorial)

Technical Implementation

Momentum Safe adopts the Aptos native Multi-signature Wallet transaction standard, combined with on-chain storage to store the data required for multi-signature transactions. The transaction process is as follows:

  1. The user signs the transaction and submits it to the Momentum Safe Move module.
  2. Basic transaction data is stored on-chain.
  3. The last user to collect enough signatures submits the aggregated signature.
  4. The blockchain verifies and completes Multi-ed25519 transactions.
  5. MOVE VM executes the user-specified entry function

"Gnosis Safe" on Aptos? Understand the first Multi-signature Wallet Momentum Safe on Aptos (with interactive tutorial)

"Gnosis Safe" on Aptos? Understand the first Multi-signature Wallet Momentum Safe on Aptos (with interactive tutorial)

"Gnosis Safe" on Aptos? Understand the first Multi-signature Wallet Momentum Safe on Aptos (including interactive tutorial)

Future Function Outlook

  1. Complete interoperability: can interact with any Dapp
  2. Notification Service: Real-time account activity notifications
  3. DAPP Store: Recommend protocols/tools based on user needs
  4. Cross-chain integration: Introduce cross-chain assets
  5. Continuous services: Support for payroll payments, subscriptions, and other functions.

"Gnosis Safe" on Aptos? Understand the first Multi-signature Wallet Momentum Safe on Aptos (with interactive tutorial)

The Momentum Safe Web App has been launched on the Aptos mainnet, supporting multiple wallet logins. Users can access the application through the official website and create a Multi-signature Wallet after connecting their wallet. The creation process requires collaboration among multiple users, including setting thresholds, confirming creation, and other steps. Once completed, users can start using this secure and reliable Multi-signature Wallet solution.

"Gnosis Safe" on Aptos? Understand the first Multi-signature Wallet Momentum Safe on Aptos (with interactive tutorial)

APT8.99%
SAFE9.35%
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GasWranglervip
· 08-12 08:47
technically inefficient. single point of failure still exists in consensus layer
Reply0
MemeKingNFTvip
· 08-12 06:36
Multi-signature, multi-signature can't stop the suckers from feeling anxious!
View OriginalReply0
GasFeeTearsvip
· 08-12 05:14
No longer worry about losing the Private Key.
View OriginalReply0
CryptoFortuneTellervip
· 08-12 03:17
This wave of Aptos is finally saved.
View OriginalReply0
CantAffordPancakevip
· 08-12 03:15
Finally, we have a reliable wallet.
View OriginalReply0
CryptoComedianvip
· 08-12 03:14
Goodness, the three of them manage the Wallet together, even stricter than my parents manage my pocket money.
View OriginalReply0
GateUser-ccc36bc5vip
· 08-12 03:05
Aptos hasn't fluctuated for a long time.
View OriginalReply0
just_here_for_vibesvip
· 08-12 03:03
The administrator will not send private messages.
View OriginalReply0
IntrovertMetaversevip
· 08-12 03:00
It's a bit late, isn't it?
View OriginalReply0
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