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<aside> 💡 Web3 is booming, and Arweave is becoming a popular infrastructure choice for developers. PermaDAO is a community where everyone can contribute to the Arweave ecosystem. It's a place to propose and tackle tasks related to Arweave, with the support and feedback of the entire community. Join PermaDAO and help shape Web3!
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Author: Gerry @ Contributor of PermaDAO
Reviewer: Viya @ Contributor of PermaDAO
Good day, everyone, My name is Gerry. I’m from everPay.
Today, I would like to introduce the wallet development and DID exploration in the Arweave ecosystem.
First, Arweave's account is different from the mainstream EVM account. Arweave uses 4096-bit RSA-PSS key pairs in JWK (JSON Web Keys) format and uses Base64URL encoded public key into a 43-character address.
So it looks like this: MnYBURB3NcF6R2tfWkXWMtdzv0X1tchgXpWZPKpmjuA
In the Arweave ecosystem, There are currently two EOA wallets. They are Arweave wallet and ArConnect, The Arweave wallet is a web wallet. But for users who want to interact with DApps, the weakness of web wallets is apparent. We need a user-friendly wallet extension.
Talented young people in the ecosystem, Marton and Tate, developed a wallet extension with a better user experience: ArConnect. At that time, they were only high school students.
ArConnect has recently launched the 1.0 version. In terms of experience and functionality, there have been a lot of improvements. It is preparing for the future developments of the Permaweb.
In addition to the native wallets within the ecosystem, decentralized wallets support Arweave, including Bitget Wallet (Bitkeep), Math Wallet, and cold wallets like Ledger and Keystone.
However, using a wallet as a DID is not an ideal solution. After years of development, the blockchain industry still cannot be widely used by normal day-to-day users, mainly because the wallet barriers are too high. Such as private keys, mnemonic phrases, gas fees, TPS, front running, MEV, etc. Their goal is to use new technology to solve old problems, but this has brought them more new problems.
So, lowering the entry barrier is extremely important. This is the reason why we left the wallet company imToken and built everPay.
everPay‘s model is similar to Ethereum Layer2, except that we use Arweave as the consensus layer. Because Arweave is a network that focuses on decentralized and permanent storage. Arweave has no block size limit, it gives Arweave infinite scalability and gives everPay infinite scalability as well.
Because everPay is computed off-chain, there are no gas fees. Only a one-time payment to permanently store. Right now, the average cost per transaction is $0.000004.
Thanks to Arweave's Infinity Scalability, we’ve solved performance and Gas Fee issues.
everPay needs to be connected to EOA wallets, such as Metamask or ArConnect.