The Lavines, who were instrumental in building the crypto infrastructure for Voyager Digital, have come a long way since their departure from the company. Despite seeing their hard work shattered in the centralized meltdown of 2022, the determined duo recruited industry veterans and resurrected the original Ethos team. Their goal? To create a next-generation self-custody super app.
And, by the looks of it, they’ve succeeded.
The Ethos Self-Custody Vault is a combination of powerful self-custody technology and an intuitive DeFi platform, presenting an easy-to-use system that empowers anyone in the world to create a highly sophisticated, institutional-grade private key. This forward-thinking approach is all wrapped up in a neat, user-friendly mobile app, available for download at ethos.io/download/.
The game-changer in the Ethos Self-Custody Vault is its patent-pending Magic Key technology. This tech marvel allows users to create a private key, then shard, backup, and restore the key simply by remembering a few “safe words.” By leveraging multi-party cryptography techniques, the Lavines have made the often daunting task of holding a private key considerably less intimidating.
“Previously, individuals were faced with a choice between centralized custody – like what Voyager, Celsius, and FTX offer – or shouldering the risk and technical burden of a private key,” said Shingo Lavine. “The Ethos Self-Custody Vault provides a third option: a highly secure, yet easy-to-use self-custody system.”
The Ethos Self-Custody Vault, which is Ethereum-based, paves the way for the creation of a BIP32-compatible private key, aptly named Magic Keys. A user can shard their Magic Key, creating a backup file with two of the shards.
With the launch of the Ethos Self-Custody Vault, the crypto custody landscape looks set to undergo a seismic shift. The Lavines’ latest invention is more than just an app; it’s a pathway to a new kind of freedom in the digital world. One thing is for certain: the future of crypto custody has never looked brighter.
