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Proposal for Wallet Recovery Solution Using AI and Advanced Technologies
To: Tangem Wallet Development Team
Subject: Feature Proposal: Wallet Recovery via Primary Card Using AI and Advanced Technologies
Introduction
Tangem Wallet’s security model is robust, prioritizing user data privacy and security through physical cards, cryptographic data, and optional seed phrases. However, situations may arise where users lose their backup cards, seed phrase, and access code, leaving only the primary card as the sole means of accessing their wallet.
This proposal suggests leveraging AI and highly advanced technologies to create a secure recovery mechanism that enables users to regain wallet access using their primary card. The solution must maintain Tangem Wallet’s commitment to uncompromising security standards.
The Problem
Currently, users who lose their backup cards, seed phrase, and access code are unable to recover access to their wallet, even if they possess the primary card containing private keys and cryptographic data. This limitation could result in irreversible loss of funds, reducing user trust and satisfaction.
Proposed Solution
Develop a wallet recovery mechanism that uses AI and advanced cryptographic techniques to authenticate and securely restore access for users with only the primary card. The proposed solution includes the following key components:
1. AI-Based User Authentication:
• Utilize AI for identity verification through behavioral patterns, past transaction analysis, or biometric validation.
• Combine these patterns with the cryptographic data stored in the primary card for multilayered authentication.
2. Cryptographic Challenge-Response System:
• Use the private keys stored on the primary card to generate unique cryptographic challenges.
• AI can validate user responses, ensuring only the rightful owner gains access.
3. Zero-Knowledge Proof Integration:
• Leverage zero-knowledge proofs to verify ownership of the private keys without exposing sensitive information.
4. AI-Assisted Recovery Flow:
• Design a user-friendly, guided recovery process where AI acts as an intermediary to analyze data and assist the user in regaining access.
• Ensure the flow is seamless while safeguarding sensitive data.
5. Post-Recovery Security Measures:
• Post-recovery, enforce security measures such as requiring the user to set up new backup cards, a seed phrase, or biometrics to prevent future lockouts.
Advantages of the Proposed Solution
1. User-Centric:
• Prevents permanent loss of funds for users who still possess their primary card.
• Enhances user trust and satisfaction by addressing critical pain points.
2. Secure:
• Combines AI, cryptographic techniques, and zero-knowledge proofs to ensure no compromise in security.
• The private keys remain secure and never leave the primary card.
3. Innovative:
• Positions Tangem Wallet as a leader in innovation and user accessibility while maintaining industry-leading security.
Implementation Considerations
1. Technical Feasibility:
• Requires collaboration with AI and cryptography experts to design and implement the solution.
2. Compliance:
• Ensure adherence to regulatory requirements for identity verification and data security.
3. User Testing:
• Conduct extensive testing to ensure reliability and security before deployment.
Conclusion
This proposal aims to address a critical gap in wallet recovery while preserving Tangem Wallet’s security-first ethos. By leveraging advanced technologies like AI, cryptographic challenges, and zero-knowledge proofs, Tangem can empower users to regain wallet access even in challenging situations.
We believe this feature would enhance the user experience, reinforce trust in Tangem’s technology, and further establish Tangem Wallet as a pioneer in the cryptocurrency wallet space.
Thank you for considering this proposal.
Sincerely,
User
Website url
No response
Twitter url
No response
Project category, tags
Exchanges
Contact e-mail address
Casper network smart contracts
No response
Casper-test network smart contracts
No response
The text was updated successfully, but these errors were encountered:
Project name
Tangem Wallet Improvement
Project description
Proposal for Wallet Recovery Solution Using AI and Advanced Technologies
To: Tangem Wallet Development Team
Subject: Feature Proposal: Wallet Recovery via Primary Card Using AI and Advanced Technologies
Introduction
Tangem Wallet’s security model is robust, prioritizing user data privacy and security through physical cards, cryptographic data, and optional seed phrases. However, situations may arise where users lose their backup cards, seed phrase, and access code, leaving only the primary card as the sole means of accessing their wallet.
This proposal suggests leveraging AI and highly advanced technologies to create a secure recovery mechanism that enables users to regain wallet access using their primary card. The solution must maintain Tangem Wallet’s commitment to uncompromising security standards.
The Problem
Currently, users who lose their backup cards, seed phrase, and access code are unable to recover access to their wallet, even if they possess the primary card containing private keys and cryptographic data. This limitation could result in irreversible loss of funds, reducing user trust and satisfaction.
Proposed Solution
Develop a wallet recovery mechanism that uses AI and advanced cryptographic techniques to authenticate and securely restore access for users with only the primary card. The proposed solution includes the following key components:
1. AI-Based User Authentication:
• Utilize AI for identity verification through behavioral patterns, past transaction analysis, or biometric validation.
• Combine these patterns with the cryptographic data stored in the primary card for multilayered authentication.
2. Cryptographic Challenge-Response System:
• Use the private keys stored on the primary card to generate unique cryptographic challenges.
• AI can validate user responses, ensuring only the rightful owner gains access.
3. Zero-Knowledge Proof Integration:
• Leverage zero-knowledge proofs to verify ownership of the private keys without exposing sensitive information.
4. AI-Assisted Recovery Flow:
• Design a user-friendly, guided recovery process where AI acts as an intermediary to analyze data and assist the user in regaining access.
• Ensure the flow is seamless while safeguarding sensitive data.
5. Post-Recovery Security Measures:
• Post-recovery, enforce security measures such as requiring the user to set up new backup cards, a seed phrase, or biometrics to prevent future lockouts.
Advantages of the Proposed Solution
1. User-Centric:
• Prevents permanent loss of funds for users who still possess their primary card.
• Enhances user trust and satisfaction by addressing critical pain points.
2. Secure:
• Combines AI, cryptographic techniques, and zero-knowledge proofs to ensure no compromise in security.
• The private keys remain secure and never leave the primary card.
3. Innovative:
• Positions Tangem Wallet as a leader in innovation and user accessibility while maintaining industry-leading security.
Implementation Considerations
1. Technical Feasibility:
• Requires collaboration with AI and cryptography experts to design and implement the solution.
2. Compliance:
• Ensure adherence to regulatory requirements for identity verification and data security.
3. User Testing:
• Conduct extensive testing to ensure reliability and security before deployment.
Conclusion
This proposal aims to address a critical gap in wallet recovery while preserving Tangem Wallet’s security-first ethos. By leveraging advanced technologies like AI, cryptographic challenges, and zero-knowledge proofs, Tangem can empower users to regain wallet access even in challenging situations.
We believe this feature would enhance the user experience, reinforce trust in Tangem’s technology, and further establish Tangem Wallet as a pioneer in the cryptocurrency wallet space.
Thank you for considering this proposal.
Sincerely,
User
Website url
No response
Twitter url
No response
Project category, tags
Exchanges
Contact e-mail address
Casper network smart contracts
No response
Casper-test network smart contracts
No response
The text was updated successfully, but these errors were encountered: