People in these poorer areas could benefit more from such a biocryptocurrency. There is no need for a physical wallet anymore. I am not defending the idea but there may be upsides those creators have thought about.
Did you read it through? You need a physical wallet attached to your phone. The irisScan gives you a QR that links to the keys on your phone (via some privacy preserving magic crypto).
I'm unsure about what happens if you lose your phone, since you lose your keys. Do you get a new wallet? Do you get recovery keys to your old one? That seems very scary, if any Orb can sign recovery keys for any wallet for eg.
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People in these poorer areas could benefit more from such a biocryptocurrency. There is no need for a physical wallet anymore. I am not defending the idea but there may be upsides those creators have thought about.
Did you read it through? You need a physical wallet attached to your phone. The irisScan gives you a QR that links to the keys on your phone (via some privacy preserving magic crypto).
I'm unsure about what happens if you lose your phone, since you lose your keys. Do you get a new wallet? Do you get recovery keys to your old one? That seems very scary, if any Orb can sign recovery keys for any wallet for eg.