Introducing Wamu
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.