Redefine Multiple-chain for a Free Blockchain Era
Today, we are very excited to announce that MYKEY has officially opened internal testing for Ethereum version and entered the multiple-chain era.
For ordinary users, the traditional Multi Chain Wallet can not solve the problem of private key management, and there are endless events of asset loss caused by users’ failure to properly manage their private key. In addition, different public chains adopt different billing models, which also create the threshold for users to get in to blockchain. For example, if users want to transfer ERC20 token, they must hold ETH to pay the miner‘s fee. MYKEY as a smart wallet which based on the KEY ID can reduce the user’s threshold and promote the mass adoption of blockchain.
Users use blockchain application for free is an important step to help blockchain mass adoption. MYKEY will provide free basic support of Ethereum chain. All the internal test KYC users will get free network use right for five Ethereum transactions per month. After the official launch, MYKEY will announce the detailed billing rules of network fee.
How to participate?
Currently, only Android system is supported, and activation code is required to get an Ethereum account. IOS users are expected to apply for experience in middle December.Except the users who are invited, we also welcome security audit institutions, bounty technology community members, KEY ID technology community members, project partners and community KOLs to apply for activation codes. The application process and opening instructions are as follows:【MYKEY Ethereum Internal Test Application Form】
Contract open source
MYKEY Lab team gathers a group of excellent developers of Ethereum, and some of them are early participants and builders of Ethereum community. In order to carry forward the excellent characteristics of the Ethereum community, the Ethereum version contract of KEY ID protocol is open source. For the code, please refer to: 【Github】
In addition, the contract code of KEY ID has passed the security audit and formal verification of three top security institutions (Slow Mist, CertiK, Beosin) . For details, please refer to: 【Github】
Contract upgrade convention
In order to provide more secure and reliable services, the KEY ID contract reserves the right to upgrade in case of major changes in the main network and other special circumstances, but it needs to follow the contract upgrade convention. The purpose of the contract upgrading convention is to update the contract reasonably on the premise of openness and transparency, so as to ensure the asset safety of all users.
When upgrading a contract, we will publish the upgrading reason and the contract code in advance to the community. After the new contract is deployed, the new feature has a waiting period of 4 days to activate. During the upgrade publicity and waiting for activation, users can supervise the upgrade.
The address of the relevant contract is as follows:
Bounty
MYKEY Bounty plan is in progress. Please refer to MYKEY Bounty Plan for details.
Other references:
Slow Mist escort MYKEY ETH smart contract,Vulnerability bounty upgrade
Security focus | CertiK has completed the audit of MYKEY Ethereum smart contract
Nirvana plan
In November 2019, MYKEY held the first KEY ID bounty activity, involving more than 50 developers, 13 of whom completed the well-designed tasks and received a total reward of 1.95 million KEYs. This activity shows the high skill of blockchain developers, and also deepens users’ understanding of KEY ID protocol. It is clear that MYKEY is only the implementer and integrator of KEY ID protocol, and has no motivation or ability to control users’ assets.
In order to further improve the robustness of the KEY ID protocol, and ensure that users’ assets can still be easily transferred when MYKEY cannot provide normal services, MYKEY has opened the “Nirvana plan”, sought relevant tools from the developer community, and set up a large number of rewards. Details in: https://medium.com/@mykey_updates/nirvana-plan-for-better-protect-users-assets-bf22e7fcc177
Some exchange restrictions
The Ethereum account in MYKEY is a contract account, but not all the exchanges currently support contract deposit. The following list is the exchanges that have been verified by MYKEY Lab to accept contract deposit: Users can choose these exchanges for depositing and trading (all withdrawals from the exchange to MYKEY account are not affected).
If users inadvertently deposits to the exchange that does not support smart contract, users can send a ticket order to the exchange, and in most cases, users will do manual receipt processing. If not properly handled, users can contact MYKEY for further assistance.
If the exchange has supported contract deposit but not be listed, it can submit PR in github.
We believe smart wallet will be an important product to help blockchain enter thousands of households. The consensus on smart contract needs to be established by the whole industry. MYKEY will work with partners to promote exchange support smart contract deposit.
Attentions
- During the internal test, with the progress of contract open-source process and the contract bounty, some irreparable contract defects and loopholes may be found, and there is the possibility of redeploying the contract.
- During the internal test, for the loss of user assets caused by MYKEY, the upper limit of MYKEY’s compensation for one user assets is 10ETH equivalent assets. Please store a reasonable number of assets to test.
- Emergency contact service is not available in the UI of Ethereum’s internal test version. Users who have already opened EOS should pay attention to the backup account:How to backup account before opening Ethereum function. This function will be provided before the official launch of MYKEY Ethereum.
Help center
The user can get the MYKEY guide and FAQ through the help center, and submit the request to MYKEY Lab by using the support system.
How to access: open the website https://support.mykey.org/ or enter from “me” > “about us” in the app.
About Us
KEY GROUP ： https://keygroup.me/
MYKEY Web: https://mykey.org/
BIHU: https://bihu.com/people/1133973
Telegram: https://t.me/mykey_lab
Twitter: https://twitter.com/mykey_lab
Medium: https://medium.com/mykey-lab
Github: https://github.com/mykeylab
Slack: MYKEY LAB
Youtube: MYKEY Laboratory
Published at Sun, 01 Dec 2019 05:36:04 +0000
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