🛡️LIUX Wallet

Abstract

LIUX Wallet is a multi-coin, cross-platform wallet app.

In comparison to other wallet apps whose portal to the DApps world consists of a mere DApps browser, LUIX Wallet aims to directly embrace and integrate a wide variety of DApps and Defi protocols as the core functionality of the App for an intuitive and seamless experience on mobile.

Introduction

Over the past few years, we have seen rapid growth in the adoption of DApps and Defi protocols.

This was primarily brought upon the tremendous growth of Dogecoin and other similarly themed Dog tokens such as $SHIB, $KISHU, $HOKK, as well as a wide variety of meme tokens. This was also the year that the leading Decentralized Exchange, UniSwap, reached a trading volume identical to that Centralized Exchanges.

While LIUX Wallet’s initial inception was around the idea of following the trend of all these Dog themed tokens, we soon realized that there is a hole in the market that we could potentially fill.

Users of DApps and DeFi protocols consists of a wide variety of individuals, some are the newer tech-savvy generation, some are veteran crypto investors, and others are completely new to the Crytpo space, but one thing that they all have in common is that they all know what they are doing. They all know how to backup their seed passphrase, how to copy the correct contract address of a token into UniSwap for trading, how to view the trading pairs in DexTools, how to connect their wallet to a DApp, how to follow wallet transactions on etherscan, etc. but if you try to explain this to an average user, they will have a hard time understanding any of this unless they put in the effort to learn, and this is where DeFi fails to gain mass adoption while Centralized Exchanges succeed. The harsh reality is that DApps and DeFi will fail to gain mass adoption unless it becomes more user-friendly to the average user. The keyword is User Experience.

The idea of creating LIUX Wallet stemed from the frustration of new users coming into the DeFi space and having to learn and understand multiple buzzwords, platforms, and techologies. The problem doesn’t end there as the entire ecosystem is fragmented into multiple platforms, but for the most part, this is not a big issue while on a desktop computer as users can have multiple tabs open, all conected to their MetaMask Wallet, but this issue becomes apparent when attempting to go through the same process on a Mobile Wallet App.

And thus, we embarked on a journey to create a friendlier and sleeker Mobile Wallet App with an intuitive User Experience.

Wallet Functionality

Majority of Mobile App wallets provide the standard wallet functionality, which is:

• Creating a wallet

• Importing wallet via seed phrase or private keys

• Exporting Private keys

• Signing transactions

LIUX Wallet will be no different. We will be relying on the usage of free an open source software as there is no need to reinvent the wheel. The wallet library we will be using is TrustWallet’s wallet-core library. This is currently one of the safest and most trusted wallet apps. LIUX Wallet will be contributing to open source by creating a Flutter wrapper for the wallet-core library.

The wallet's private keys will be encrypted and stored in Android’s KeyStore or iOS KeyChain and optionally secured by a biometric lock depending on the user's preferred security settings.