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Lit Protocol from Secure Keys to Decentralized Ownership
This episode of Chain Abstracted is with Lit Protocol, a platform for distributed programmable keys for Web3 digital ownership and secure key management using secure encrypted virtualization and multi-party computation. We also dive into a range of topics from the benefits of chain abstraction and the evolution of wallet technology to the integration of AI with blockchain and future developments of Lit Protocol.
Chris Cassano, Co-founder https://twitter.com/chriscassano
David Sneider, Co-founder https://twitter.com/davidlsneider
Takeaways
2:19 Explaining Lit Protocol
3:52 Distributed and Programmable
5:46 Secure Encrypted Virtualization
8:44 Trusted Hardware Environment
10:43 Permissionless Network
12:41 MPC Network
14:15 Secure Encrypted Virtualization
16:14 Trusted Execution Environment
21:29 AI Agents and Personal Control
22:28 Web3 and Digital Ownership
24:18 Account-based vs Deposit-based Chain Abstraction
25:33 Pros and Cons of Account-based Model
26:43 Scalability Challenges of MPC
27:01 Optimizations and Future of MPC
28:05 Different Wallet Types and Account Abstraction
29:04 Self-Custody, Centralization, and MPC Keys
30:50 Login with Name and Crypto Domains
31:19 Authentication and Crypto Domains
32:03 Safety and Authentication Factors
33:08 Authentication Methods and Recovery
34:13 Evolution of Wallet Technology
36:15 Custom Authentication and Cross-Chain Multi-Sig
37:21 Chain Abstraction and User Experience
41:00 Decentralized Cloud Hardware Wallets
44:20 AI and Blockchain as Complementary Technologies
47:31 Abstraction and the New Computing Paradigm
50:29 Blockchain as a Refuge for Human Minds
52:25 Lit Protocol and Future Developments
Hosts:
Altan Tutar https://twitter.com/mraltantutar
Jared Thompson https://twitter.com/jarednotjerry1
Podcast site: https://chainabstracted.com/
Connect with NEAR
Website: https://near.org/
Twitter: https://twitter.com/NEARProtocol
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.
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By chain abstractedThis episode of Chain Abstracted is with Lit Protocol, a platform for distributed programmable keys for Web3 digital ownership and secure key management using secure encrypted virtualization and multi-party computation. We also dive into a range of topics from the benefits of chain abstraction and the evolution of wallet technology to the integration of AI with blockchain and future developments of Lit Protocol.
Chris Cassano, Co-founder https://twitter.com/chriscassano
David Sneider, Co-founder https://twitter.com/davidlsneider
Takeaways
2:19 Explaining Lit Protocol
3:52 Distributed and Programmable
5:46 Secure Encrypted Virtualization
8:44 Trusted Hardware Environment
10:43 Permissionless Network
12:41 MPC Network
14:15 Secure Encrypted Virtualization
16:14 Trusted Execution Environment
21:29 AI Agents and Personal Control
22:28 Web3 and Digital Ownership
24:18 Account-based vs Deposit-based Chain Abstraction
25:33 Pros and Cons of Account-based Model
26:43 Scalability Challenges of MPC
27:01 Optimizations and Future of MPC
28:05 Different Wallet Types and Account Abstraction
29:04 Self-Custody, Centralization, and MPC Keys
30:50 Login with Name and Crypto Domains
31:19 Authentication and Crypto Domains
32:03 Safety and Authentication Factors
33:08 Authentication Methods and Recovery
34:13 Evolution of Wallet Technology
36:15 Custom Authentication and Cross-Chain Multi-Sig
37:21 Chain Abstraction and User Experience
41:00 Decentralized Cloud Hardware Wallets
44:20 AI and Blockchain as Complementary Technologies
47:31 Abstraction and the New Computing Paradigm
50:29 Blockchain as a Refuge for Human Minds
52:25 Lit Protocol and Future Developments
Hosts:
Altan Tutar https://twitter.com/mraltantutar
Jared Thompson https://twitter.com/jarednotjerry1
Podcast site: https://chainabstracted.com/
Connect with NEAR
Website: https://near.org/
Twitter: https://twitter.com/NEARProtocol
DISCLAIMER
The content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor. NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.