Flux Wallet - A 2FA Custodial Web Wallet
A wallet that is the perfect blend of everything a user can imagine - as secure as a Cold Wallet and as easy to use as a Google Account.
Created on 1st March 2023
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Flux Wallet - A 2FA Custodial Web Wallet
A wallet that is the perfect blend of everything a user can imagine - as secure as a Cold Wallet and as easy to use as a Google Account.
The problem Flux Wallet - A 2FA Custodial Web Wallet solves
- Non-Custodial wallets in Blockchain are not easy to use for lots of Web2 people.
- Billions of dollars have been lost from hot wallets every year and there is no way a user can recover the amount.
- Lots of users' wallets got compromised in making a transaction and interacting with suspicious websites.
- On the other hand, cold wallets are hard to use for any new user.
- 70% of them fear that their wallet will be compromised.
- A web2-like easy-to-use interface by providing maximum security to use wallet.
- Everyone can not get cold wallets as users will need to buy them for around $50 to $200.
- Users usually keep around 20% of their portfolio on web-based wallets because they don’t find them safe.
- Last but not least, awesome mobile-centric UI/UX makes Flux wallet more awesome.
Challenges I ran into
Implementation of Flow Wallet API
At first, I was trying to build the wallet implementation using Flow Wallet API. I faced lots of difficulty in implementing the account creation on the docker setup it provided. I have struggled for weeks to implement it. The codebase of Flow Wallet API is in Go programming language and I never coded on Go (so it is quite tough for me to make changes there).
Implementation of Niftory API
Recently I got to know about Niftory for wallet creation and I faced some difficulty in setting up the GraphQL server. But finally, I solved the issue and set up the server.
Sending Transactions
I have faced difficulty in implementing wallet transactions after wallet creation in sending Flow Token using flow API.
Tracks Applied (4)
Best Mobile Experience
Best Use of Walletless Onboarding
Extending the Ecosystem
Best app using Niftory's NFT and Wallet APIs
Niftory