A secure Plasma web wallet for super fast money transfers.
The Plasma Burner Wallet runs on LeapDAO's test network. Installation should be simple and straight forward:
$ git clone [email protected]:leapdao/burner-wallet.git
$ npm i
$ npm run startIf you're experiencing issues in relation to HTTP, you can start the burner on HTTPS by running:
$ HTTPS=true npm run startLeapDAO is an open source community bringing scalability to Ethereum using Plasma. LeapDAO is a mixture of Holocracy and multi-signature wallets. For every issue that has a "bounty" label attached , you can earn DAI by doing the work and subsequently requesting payouts in LeapDAO's Slack. To start working, please sign up under http://join.leapdao.org.
To exit LeapDAO's Plasma, marker makers are used. They buy a user's regular Plasma exit (which usually takes 7 days to complete) and send the user the respective currency on the main chain. This allows a user to exit a Plasma chain within minutes!
To boost the liquidity of exiting LeapDAO's Plasma main network, we'd be more than happy to add you as one of our market makers. To set one up:
- Setup a exit-marker-maker
- Add yourself as a market maker to the config.js file.
We believe that Plasma is superior to POA networks.
Most cryptowallets suck! Hardware and software wallets alike. They require you to note down seed phrases and protect those and your device from malicious actors. Keeping large sums of your money in crypto today is a stressful and scary experience.
Hence it is no surprise that Bitcoin maximalists eat paleo and arm themselves, as after all they'll only survive late-stage capitalism and what's to come by being able to defend themselves.
But is "Trust no one" really a sustainable and efficient way to build the society we'd like to life in? We don't think so!
The burner-wallet by Austin Griffith was created out of the need to have a quick and easy way to pay your friends in crypto. Since then, Austin and his team of voluntary contributors have done an amazing job in building out UX-features that allow us to spend money easily and on-board even non-crypto friends quickly. In building the wallet, Austin deliberately ignored all the noise that is out there and focused on what truly provides value to his users. A simple to use, lightweight web wallet. It is this that makes the burner-wallet non-compatible to web3 dapps and most ERC20 tokens. Unfortunately, it's also the reason why there was less focus on security.
The problem that's arising through this however is that while you might be able to use it as your daily driver to send money to your friends quickly, it doesn't resolve the now decade old problem of nobody wanting to be their own bank.
Surely, it is tempting to be in full control of everything you own such that not even the state can seize your capital. Unfortunately though, it's as tempting as it is scary!
After all of Austin's evaluation and testing at crypto conferences however, we've come to the conclusion that there's indeed a way to store crypto securely and with peace of mind.
Much of our today's world is built on trust. Unfortunately though, much of our trust has been put into large institutions that nowadays concentrate huge amounts of power. Today there's "system-critical" banks, nation states, federal reserves, social media giants and a fragile power grids. We've built these systems in a centralized fashion because we believed that meant efficiency and safety for us all.
Many times in history however, we've had to learn the hard way that concentrating risk and power in nuclear reactors, particular cities or even sympathic leaders can and will lead to catastrophic outcomes for humanity as a whole.
It is this collective memory, we think is the driver for decentralization and all it's related memes. And it is you the reader of this document, that intuitively was driven towards Bitcoin and cryptocurrencies, because you've intuitively understood that what's happening in the crypto space is not just "for the lols", but actually really important for us all!
And so now you might be thinking: OK, get to be point, this is just a GitHub repo with a bunch of code, loser. And while you might be right, we believe it is also a chance to show the world that cryptocurrencies can indeed have a great user experience without compromising safety.
It's now 2019, and so we've had enough time to get familiar with the technology. We can now confidentially say what's "good" and what's "bad", and yet still we pad ourselves on the backs for being "unopinionated". We'd like to argue that it's time to stop!
If we want to on-board our friends and families to crypto currencies now safely, and if we want them to use software backed by strong ethics, we'd like to argue that it's now time to change our attitude and become opinionated.
Hence, we'd like to build the Plasma burner-wallet according to a set of strong engineering principles to guarantee safety, performance and robustness while steadily making improvements in user experience. At this point, there's no easily skimmeable list of engineering principles we're promoting. In the future there might be. For now though, we'd like to encourage you to think for yourself why you're contributing to crypto and why you believe it will matter in the future.
MIT