Demystifying Privy's security model with Asta Li

Asta is the co-founder and CTO of Privy. In this episode, we discuss:

- Embedded wallets
- How privy works under the hood
- Shamir secret sharing (and why Privy uses it)
- Privy security threat models
- Future of account abstraction

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Timecodes:

0:00 Intro
2:48 Privy overview
3:39 Asta’s Background
4:16 Embedded wallets
5:39 How Privy works
9:15 Privy as the bridge between web2 and web3
11:14 How key generation happens within Privy
16:41 Privy experience across devices
21:17 Different levels of security for different apps
26:17 Attack concerns
28:52 Attacks on embedded wallets
32:50 Interoperability
38:56 The future of wallets
43:06 Building wallets vs. building autonomous vehicles
45:30 Follow Asta
45:50 Outro

[kirill]

18:48 "... and more entropy is generated from ????" can anyone hear what Asta said here about where more entropy is extracted from?

[Iophiel]

"in an isolated iframe env"? do tell?

[Iophiel]

do consumers really care if the platform they use is connected to AWS?

[Iophiel]

I think the dichotomy between web3 and web2 is inherently geopolitical. And web2 isn't welcome.