bsc VS safe-smart-account

In 2022, cross-chain between BNB Beacon Chain and BSC was exploited because of Zero Day vulnerabilities in the Cosmos SDK. The hotfixes (1.1.15 and 1.1.16) are implemented with almost zero direct impact on users and dApps.

How is is closed source? https://github.com/bnb-chain/bsc

BNB Smart Chain Mainnet is expected to have a scheduled hardfork upgrade named Gibbs at block height 23,846,001. The current block generation speed forecasts this to occur around 12th Dec. 2022 at 10:00 AM (UTC). The validators and full node operators on Mainnet should switch their software version to  v1.1.18 by 12th Dec.

1. BSC Release v1.1.16 - BSC v1.1.16 is a temporary urgent patch to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain so that the cross-chain can be re-enabled back.

For more technical information: https://github.com/bnb-chain/bsc/releases/tag/v1.1.16

Recently, I had a chance to work on an interesting task where I needed to integrate the Gnosis Safe multi-signature wallet into the existing application.

Resolv's Protection Protocol™ would implement the highest level of security on all fronts. Our multi-sig wallet is created using Gnosis Safe's industry-standard infrastructure. The keys for said wallet would be distributed amongst the most trusted players in the space (i.e. Kleros, Polygon). This is done so that no one party has full control over the custodian wallet holding everyone's assets. As a result, our customers can rest easy knowing that not one person could run away with the entire pot. We'd also use AES 256-bit encryption to make sure user data is kept safe and inaccessible by third parties.

Prefer self-custody. If you don't feel comfortable, then start with small amounts on a trusted CEX (Coinbase eg.) and then move to self custody. A wallet should be open-source, audited, offers security bounties, is Battle -tested and easy to use. For small funds, use metamask. For big funds use hardware wallet, https://airgap.it (with old Smartphone/device) or a smart contract multi-signature wallet (https://safe.global).

There is the exception of https://safe.global though.

Here a few links in case you want to try out some different wallets: * https://safe.global * https://metamask.io * https://trezor.io * https://onekey.so * https://keyst.one

But if you insist, you can use https://airgap.it or http://safe.global. There the company influence is much less

Self-custody on https://safe.global wallet. Safe Wallet is the gold standard for large funds on EVM-compatible chains. It's audited, open-source, bad bounty programs, battle tested, supports virtually all defi and has multi-sig. What more to you want? Ah, did I forget to mention, that it is formally verified and had the correctness of the smart contract code proven? 😎

If you're only holding coins and not moving them frequently, then a paper wallet might be good. Just generate your seed phrase and address in an air-gapped device (e.g. old phone) and send ETH to that address. If you want a bit more flexibility of usage you can use https://airgap.it or an hardware wallet such as Trezor, Keystone or OneKey. And the ultimate gold standard is to use a Safe Wallet (https://safe.global). It's a multi-signature wallet and is even formally verified to be correct. It's the best choice atm.

Or even better just https://safe.global for a secure, audited, formally verified, battle tested and open source smart contract multi-signature wallet. It has arguably the best security guarantees you can have atm.