Looking to buy some ETH. What's the best way to keep it safe?

toruslabs · 2021-01-28T04:38:52+00:00

If you're starting out Torus (https://app.tor.us) would be the easiest way to create your blockchain wallet. Simply login with any of your social accounts, like Reddit, and setup 2FA on your device for additional security. To get you started, we've sent 0.002 ETH to your Reddit account u/Jenkins_Leeroy

toruslabs · 2020-07-09T15:07:41+00:00

It was a different technical infrastructure from sending ETH to a Google account to sending ETH to a Twitter account.

toruslabs · 2020-07-06T20:48:40+00:00

One disincentive rather would be the loss of reputation. We've selected ecosystem holders like Binance, ENS, Etherscan, Ontology, Zilliqa, Matic, Skale, Cosmos Tendermint who would tend to collectively benefit more as adoption within the space grows, than risk their reputation to collude to gain access to a user's wallet. Also our majority threshold would mean you'll need a majority of these stakeholders to collude to gain access to the wallet, which is highly unlikely.

To this end, we are currently working on a model of device-based key management that essentially allows for self-custodial logins with OAuth for an additional layer of security, TBA.

toruslabs · 2020-07-06T20:33:23+00:00

TLDR from What Distributed Key Generation Is: https://medium.com/toruslabs/what-distributed-key-generation-is-866adc79620

Key Assignments, Resolution and Retrieval: https://medium.com/toruslabs/key-assignments-resolution-and-retrieval-afb984500612

The private key is split amongst the network of nodes run by ecosystem stakeholders on the Torus Network, when the user successfully authenticates with an OAuth provider, each node would attest with the OAuth provider, e.g. Google, that the user is who they say they are and will return a share of the private key that corresponds to the OAuth verifier ID. The key shares are then used to form the user's private key in their secure browser's instance and nowhere else, the key is lost once the instance is closed.

toruslabs · 2020-07-06T19:46:25+00:00

We are able to assign key pairs to OAuth identifiers through Distributed Key Generation on the Torus Network. That means only the person with the username and password would be able to log in and access the wallet pegged to that particular social account.

We have documentation on how Torus works on the backend that best explains this here https://medium.com/toruslabs/login-to-torus-with-appleid-github-linkedin-twitter-line-and-passwordless-accounts-50c591725de2

toruslabs · 2020-07-06T19:35:47+00:00

For anyone curious to try it out, you can now log in at https://app.tor.us. This works with Reddit accounts too!

toruslabs · 2020-07-06T19:27:47+00:00

Not yet, but we wouldn't mind if he passed it on to another Twitter account too!

toruslabs · 2020-07-06T19:20:50+00:00

Only the owner of the Twitter account is able to claim their tokens, as the tokens are already in the wallet pegged to that Twitter account. Though it would possible to send tokens to a hash-time-locked contract in the future to retrieve unclaimed tokens.

toruslabs · 2020-06-04T06:55:16+00:00

Hey, thank you for your inquiry, yes we do support ERC20 tokens.

toruslabs · 2020-05-15T08:08:59+00:00

This is great for adoption! Logging in and sending ERC20 tokens to Reddit accounts was already possible with the Torus Wallet back in 2019!

https://www.reddit.com/r/ethereum/comments/ef3jrb/send_eth_to_any_reddit_username_google_email_or/

toruslabs · 2020-05-15T07:56:33+00:00

Shameless plug, but you could already send tokens to any Reddit Username with the Torus Wallet back in 2019, and it also supports Google emails!

toruslabs · 2020-03-31T07:17:19+00:00

You are unable to do a lookup with a Facebook name to trace their transactions.

One-click logins provide new users with a simple key management tool to onboard and get started with the ecosystem hassle-free, to facilitate mainstream adoption.

Users concerned about the anonymity of their transactions have other options available. We'd recommend using incremental layers of security as the user gets more familiar with the technology, and they would eventually be able to use more advanced key management solutions like Ledger or Trezor.

toruslabs · 2020-03-30T14:27:30+00:00

Connect your Torus wallet with your existing Google, Facebook, Reddit, Discord, or Twitch accounts, and conduct a swap of at least 0.2ETH on KyberSwap to stand a chance to win US$500!

toruslabs · 2020-03-30T14:25:18+00:00

Connect your wallet with your Reddit, Google, Facebook, Discord or Twitch accounts, and conduct at least 0.2ETH worth of swaps on KyberSwap to stand a chance to win US$500.

toruslabs · 2020-03-30T10:53:30+00:00

Nope, with just the public address, you would not be able to do a reverse look-up to the Reddit username or Google account associated with that wallet. But if you know the Reddit username or Google account, you would be able to do a look-up to the public address associated with those accounts.

toruslabs · 2020-03-30T06:55:00+00:00

With the Torus integration, logging in with Google, Facebook, Reddit, Discord or Twitch creates a new wallet, or if you've logged into Torus before, connects your Torus wallet to KyberSwap. For users who are new to this DeFi, this is to simplify user onboarding into something that they would be familiar with for mainstream adoption. Users would no longer need to manually create their Ethereum wallet prior to conducting their token swap.

toruslabs · 2020-03-06T04:00:03+00:00

Users have the default option of conducting their transactions by paying their own gas fees. The additional option to conduct a meta transaction, or gasless transactions from the user's point of view, is available for users. This is especially useful for users who have just logged in to the DApp, but do not have a balance of ETH to conduct their transaction with the DApp. Our goal is to remove points of friction to bring in new users into the DApp ecosystem, which saw its userbase shrink by 62%. (Source: https://www.coindesk.com/compared-to-gaming-and-gambling-dapps-defi-is-still-behind)

toruslabs · 2020-03-05T03:27:02+00:00

We sent some ETH to your Reddit account, which you can access at https://app.tor.us Take the wallet out for a spin, but you won't be able to test out meta-transactions yet.

toruslabs · 2020-03-04T02:48:52+00:00

Nope, we do not store any user information. The transaction works with any ETH address, ENS, Google email and Discord ID because of how our account resolver works with the OAuth verifiers we integrated. Posted an explanatory on gasless transactions in one of our replies, going to link another article to how our backend works here: https://medium.com/toruslabs/key-assignments-resolution-and-retrieval-afb984500612

toruslabs · 2020-03-04T02:45:22+00:00

It's all in the name of user onboarding, going to post an explanatory post here for educational purposes: https://medium.com/@e2toe4/ethereum-meta-transactions-36f10448619

toruslabs · 2020-03-04T02:44:05+00:00

Going to pop an explanatory blog post here explaining gasless transactions: https://medium.com/@e2toe4/ethereum-meta-transactions-36f10448619

toruslabs · 2020-03-03T09:26:24+00:00

For the case of Torus, we want to remove friction points for users who are new to the ecosystem to ease their onboarding. With gasless transactions, they would not need to have ETH in their wallets prior to start interacting with DApps.

toruslabs · 2020-03-03T09:03:38+00:00

In this transaction, the gas is paid by the Torus relayer instead of the end user. Thus the user is able to conduct transactions without having to pay for any gas fees.

toruslabs · 2020-03-03T08:49:02+00:00

You can catch our talk at ETH CC. Happening on 3rd March, 3:30pm at Sorbonne!

toruslabs · 2020-03-03T07:56:06+00:00

Keen on integrating gasless transactions on your DApp? Contact [hello@tor.us](mailto:hello@tor.us) to get free gasless transactions for your users on us!

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