I'm proud to announce Wamu - a protocol for computation of threshold signatures by multiple decentralized identities.
Multisig wallets (e.g. Safe) are already widely adopted and have proven the importance of
noncustodial shared wallets with threshold access structures controlled by multiple decentralized identities,
for mainstream users and decentralized teams and organizations.
However, threshold signatures have some unique benefits over multisig wallets including:
cost-effectiveness, universal interoperability, and enhanced privacy and security.
Despite the aforementioned benefits, there are currently no mainstream threshold signature wallet alternatives
to multisig wallets for decentralized teams and organizations that require noncustodial shared wallets
with threshold access structures that can run on mainstream consumer devices.
The Wamu project (meaning "together") aims to unlock the benefits of threshold signatures for decentralized teams
and organizations, and mainstream users that require noncustodial shared wallets with threshold access structures by:
- Defining an open protocol that encourages research into and development of mainstream multi-user
threshold signature wallet solutions.
- Providing modular, performant, free and open-source building blocks that allow software developers to
either build new mainstream multi-user threshold signature wallets, or integrate state-of-the-art
threshold signature schemes into existing mainstream wallets.