User experience for key management with blockchain and cryptocurrency platforms need to improve to achieve mainstream adoption. Do away with complicated tools and interfaces and onboard users directly to what your dApp offers.
Torus allows users to login to your dApp with their OAuth accounts, Google and Facebook, to derive their private keys in a trustless manner.
Torus is built and designed to be trustless. An individual’s identity and keys are fully protected and not controlled by a central authority.
Torus decentralised key generation system distributes user keys with proof mechanisms set in place to prevent and punish malicious activity. The management of user keys is encoded into a smart contract layer, whilst the bulk of transactions are conducted via private channels off chain.
|Key Management model||DKG/MPC||Browser Model||Password Manager||Dedicated Node||Protocol Multi Sig||Custodian OAuth||S Secret Sharing||Hardware Wallet|
|Usable under 10s/1st login|
|Does not need hardware|
|Native Cross Device Support (Mobile)|
|Does Not Need Browser Extension|
Torus is supported by industry leaders to establish the next standard
gateway into crypto for the mainstream audience.
Jul 9, 2019
Blockchain startup Torus has an impressive cap table. The private-key management firm recently closed a $2 million seed round led by Multicoin Capital. The fundraise also saw participation from notable investors like Coinbase Ventures, Sixth Horizon, Accomplice and Terminal. Binance Labs invested $500,000 in the round.
Torus, says Multcoin’s Kyle Samani, is solving “one of the most critical problems slowing the adoption of web3.” That is, public- and private-key management.
Jul 9, 2019
A pair of Singaporean crypto boffins has just pocketed US$1.5 million in seed funding for their new startup, Torus. That’s on top of a previously secret US$500,000 pre-seed investment, the founders tell Tech in Asia.
What Yong Zhen Yu and Leonard Tan – who collectively have eights years experience in the blockchain realm – have come up with is an easy login system for decentralized apps, also known as DApps. It allows people to sign up for these blockchain-based apps (which you won’t find in Apple’s or Google’s app stores) with their Facebook or Google logins, thereby simplifying what is currently a lengthy and cumbersome process.
Jul 9, 2019
链闻消息，去中心化私钥管理平台 Torus Labs 宣布完成 200 万美元种子轮融资，知名区块链投资机构 Multicoin Capital 领投，币安孵化器、Coinbase Ventures、Accomplice、Sixth Horizon 和 Terminal 参与本轮投资。据 Block123.com 信息，Torus Labs 总部位于新加坡，通过多方计算技术中的分布式密钥生成技术，提供无需信任的去中心化私钥管理解决方案，实现用户通过 Google 或 Facebook OAuth 登录进入去中心化生态系统。Torus Labs 由以太坊开发者 Leonard Tan 和 Zen Yong 创立，二人之前还有在 Visa 工作的经历。
Dec 15, 2018
Binance Labs, the venture wing of the largest cryptocurrency exchange Binance, has released its first “batch” of blockchain projects from its Incubation Program, according to a press release shared with Cointelegraph on Dec. 14.
Binance Labs is an initiative that seeks to help early-stage blockchain and digital assets projects and entrepreneurs through direct investments and technical assistance. The Binance Labs Incubation Program is an onsite program that was launched in August 2018.
Dec 14, 2018
The leading global cryptocurrency exchange, Binance, has created a number of initiatives designed to support the world’s blockchain community. Now, Binance is focused on solving the most critical problems facing the blockchain industry by putting an emphasis on mentorship, guidance and education.
Through its venture arm, Binance Labs, a 10-week, on-site Incubation Program has been created. This program is designed to help entrepreneurs deliver products with a clear product-market fit. Since its launch in October 2018, the Binance Labs incubator has grown into the strongest network of early-stage blockchain developer teams.
Dec 18, 2018
Binance Labs recently announced the launch of eight projects which have been incubated over the course of the last few months. The San Francisco chapter of Binance Labs ended its ten-week Incubation Program which focused on providing guidance, mentorship, and resources to each project.
Over 500 project teams applied for the program, and after an intensive review process, eight were selected and granted $500,000 each. The projects also received access to fireside talks from industry leaders including Binance CEO Changpeng Zhao.
Dec 15, 2018
The Binance initiative to support early-stage blockchain projects has yielded results, with 8 projects emerging from the programme.
Binance Labs, the venture wing of the largest cryptocurrency exchange Binance supports new blockchain startups and cryptocurrency projects through technical assistance and direct investment. Binance describes the project as an initiative to incubate, invest, and empower blockchain and cryptocurrency entrepreneurs, projects, and communities.
Dec 16, 2018
Binance Labs, the branch of the famous Exchange Binance focused on promoting initiatives related to the use of blockchain technologies, has recently announced the release of the first batch of projects that became a reality thanks to its incubation program.
According to a Press Release shared with Cointelegraph, the Binance Labs team promoted a group of 8 projects destined to solve essential challenges faced today by industries that are oriented to the use of crypto or that rely on Distributed Ledger Technologies to offer their services.
Dec 15, 2018
Binance Labs, a subsidiary of Binance, the largest crypto exchange, has released its first batch of Blockchain projects from an incubation program. The company did so in a release on Dec. 14.
Binance Labs seeks to help digital assets projects and early stage Blockchain entrepreneurs through direct investments as well as technical assistance. This incubation program from Binance Labs was launched in August 2018 as an onsite program.
Dec 18, 2018
Binance Labs, the venture arm of Binance, graduated our first batch of blockchain projects from the Binance Labs Incubation Program. The 10-week program culminated in an invite-only BUIDLers Day, where each of the eight teams pitched to more than 150 of Silicon Valley’s top investors.
The Binance Labs Incubation Program is an onsite program designed to help entrepreneurs deliver products with clear product-market fit. Since its launch in October 2018, the Binance Labs incubator has grown into the strongest network of early-stage blockchain developer teams.