Building a more secure namecoin wallet

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insert_bitcoin
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Building a more secure namecoin wallet

Post by insert_bitcoin »

I'm building a more secure wallet for Namecoin that adds multi-factor authentication and other features on top of the standard wallet. Does anyone want to help me test this when it's ready? :D I'm almost in the prototype stage but there's still a lot of work ahead so I can't give an ETA yet. Also, if anyone wants a certain feature implemented I'm still taking suggestions on my website or you can just post them to this thread. Currently the most sought after features are user-friendly security features so that's definitely something I'm prioritizing but if you have other ideas I'm open to that too :)

biolizard89
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Re: Building a more secure namecoin wallet

Post by biolizard89 »

insert_bitcoin wrote:I'm building a more secure wallet for Namecoin that adds multi-factor authentication and other features on top of the standard wallet. Does anyone want to help me test this when it's ready? :D I'm almost in the prototype stage but there's still a lot of work ahead so I can't give an ETA yet. Also, if anyone wants a certain feature implemented I'm still taking suggestions on my website or you can just post them to this thread. Currently the most sought after features are user-friendly security features so that's definitely something I'm prioritizing but if you have other ideas I'm open to that too :)
Is this based on an existing Bitcoin wallet?
Jeremy Rand, Lead Namecoin Application Engineer
NameID: id/jeremy
DyName: Dynamic DNS update client for .bit domains.

Donations: BTC 1EcUWRa9H6ZuWPkF3BDj6k4k1vCgv41ab8 ; NMC NFqbaS7ReiQ9MBmsowwcDSmp4iDznjmEh5

phelix
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Re: Building a more secure namecoin wallet

Post by phelix »

Will it support name operations?
nx.bit - some namecoin stats
nf.bit - shortcut to this forum

biolizard89
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Re: Building a more secure namecoin wallet

Post by biolizard89 »

A quick Startpage brings up this BitcoinTalk thread, for people who are curious. https://bitcointalk.org/index.php?topic=1061299.0

@insert_bitcoin Assuming this isn't based on a pre-existing wallet software, may I ask why you're not using some existing wallet, such as Armory, as a base for your work? Creating a secure wallet from scratch, and maintaining it, is a pretty big time investment.
Jeremy Rand, Lead Namecoin Application Engineer
NameID: id/jeremy
DyName: Dynamic DNS update client for .bit domains.

Donations: BTC 1EcUWRa9H6ZuWPkF3BDj6k4k1vCgv41ab8 ; NMC NFqbaS7ReiQ9MBmsowwcDSmp4iDznjmEh5

insert_bitcoin
Posts: 2
Joined: Thu May 21, 2015 6:39 am
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Re: Building a more secure namecoin wallet

Post by insert_bitcoin »

Sorry for the late reply I've been really busy.
Is this based on an existing Bitcoin wallet?
It's from scratch but it will be using coding from one of our existing projects. This includes a lot of client-side stuff and blockchain processing. We're also not coding a wallet in the traditional sense.
Will it support name operations?
I would hope so. A namecoin wallet kind of needs that ;)
A quick Startpage brings up this BitcoinTalk thread, for people who are curious. https://bitcointalk.org/index.php?topic=1061299.0

@insert_bitcoin Assuming this isn't based on a pre-existing wallet software, may I ask why you're not using some existing wallet, such as Armory, as a base for your work? Creating a secure wallet from scratch, and maintaining it, is a pretty big time investment.
Most of the code for existing wallets was coded with only one currency in mind which makes it hard to update for multi-currency support. Also, last I checked Armory was using 1000 line+ god objects for the main wallet - truly terrifying. The reason we're starting mostly from scratch is because we have different goals. I recognize there is a lot of overlap between things like raw transactions and blockchain serialization/deserialization for cryptocurrencies but we've used a lot of other people's code already so it isn't too much of a waste. Now we're basically focusing on the bigger picture and trying to take things in a new direction.

drllau
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Re: Building a more secure namecoin wallet

Post by drllau »

insert_bitcoin wrote:I'm building a more secure wallet for Namecoin that adds multi-factor authentication and other features on top of the standard wallet. Does anyone want to help me test this when it's ready? :D I'm almost in the prototype stage but there's still a lot of work ahead so I can't give an ETA yet. Also, if anyone wants a certain feature implemented I'm still taking suggestions on my website or you can just post them to this thread. Currently the most sought after features are user-friendly security features so that's definitely something I'm prioritizing but if you have other ideas I'm open to that too :)
I'm interested, particularly from the multicurrency aspect. I'd like to see how much additional effort it would take for the wallet to legally form a namecoin "share". Not many people know but a Labuan Offshore Company is allowed to issue shares in a nominated currency. It can be dormant or if a financial holding entity (like IP owner of a trademark) then subject to zero tax. There are some aspects that may appeal like fractional shares (sub-namecoins) or protected cell companies (think quarantined accounts).

johnc
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Re: Building a more secure namecoin wallet

Post by johnc »

>drllau

I think he means multicurrency as in btc/nmc/ltc ... but yes a software to issue assets could be built on using names or TXs, but that may be over the top for a wallet, it should be an additional program or plugin like factom on top of nmc.

Check the ultracoin concept, that may need an specialist on finance instruments and a coder....

>insert_bitcoin

A multicoin light wallet will be nice, with the amount of TX on the main coins the blockchain size it's becoming unmanageable and puts off newbies.
Make sure it's compatible with nmcontrol!

drllau
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Re: Building a more secure namecoin wallet

Post by drllau »

johnc wrote:>drllau

Check the ultracoin concept, that may need an specialist on finance instruments and a coder....
Thanks for the pointer ... from what I can interpret of slide 14 their Veritas (hmm ... potential brand conflict) is basically a branded bitcoin with a proprietary book-build. However, it is not strictly speaking multicurrency ... ultimately any cryptocurrency needs to fungible and their business attempts to drive everything towards their "facilitator" (which can be viewed either as a P2P bookbuilder or multiple marketplaces ... what they call DAC distributed actors) via prepaid branded bitcoin.

The wallet is supposed to provide other functionality, whereas the blockchain acts as a "registrar" (if you use the fields correctly) the wallet allows for custodian services ... think of it as the distinction between trustee v broker. Former is supposed to act in your (or owners) interest. Currently it is not exactly succeeding (Mt Grox etc) which suggests just having a private key is insufficient and the ecosystem is missing critical infrastructure.

PS. IMHO Veritaseum reliance on patents is going to hit the Alice ruling sooner or later and may be overturned ... or worked around as in Akamai.

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