Flash Development Update [2023/42] - Safe Haven

Flash Development Update [2023/42]

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Posted on Friday 20 October 2023 at 15:47 Project Updates

Another week gone by, and it’s clear that change is the only constant in crypto.

Cointelegraph had a momentary slip-up, mistakenly broadcasting news about the SEC’s green light to BlackRock’s iShares spot Bitcoin ETF. This mistake swiftly caused a pump in Bitcoin’s price, underscoring the rapid pulse at which our industry operates.

At the same time, the winds of change seem to be favoring Ripple. The long lawsuit involving their key executives, Brad Garlinghouse and Chris Larsen, appears to be nearing its conclusion with talks of dismissal.

On the other side of the ocean, the European Central Bank is making strides on their digital Euro and inching closer to its potential realization after extensive research.

In the midst of these shifts, we at Safe Haven have constantly been reflecting deeply on our role.

The crypto landscape is vast and varied, but our mission remains steadfast: building a reliable, accessible and, above all, secure space for everyone navigating Web3.

As more individuals embrace this new world, the essence of tools that resonate with everyday users becomes paramount.

We’ve been hard at work, not just to innovate but to resonate.

To not only upgrade but to simplify.

We’re weaving in your feedback, refining our approach and gearing up for some product enhancements that truly align with the needs of our community and beyond.

It’s not about chasing every twist and turn in the market, but about grounding ourselves in what truly matters: you, the community.

With this in mind, let’s dive into what happened this week at Safe Haven.👇

Comet 2.0

We’re pleased to announce that Comet 2.0, our web3 digital wallet, is gearing up for its public beta release. So soon, you’ll be able to add Comet directly to your browser via the Chrome webstore as a seamless extension.

Comet empowers you to manage crypto, access blockchain applications, and even import existing wallets or create new ones, all directly from your browser.

Initially vechain will be integrated, but we have plans to expand Comet into a truly multichain wallet by incorporating more chains in the future.

With Comet, it’s all about putting the power back in your hands!

YKYC Principle

We believe you should have full control over your own assets, no one else. Thus it’s important you keep the private keys of your wallet in your own hands.

That’s why for Comet, we follow the YKYC philosophy, and not the usual KYC (Know Your Customer).

Because: Your Keys = Your Crypto

YKYC means that you and only you have control over your private keys and assets.

When you use a centralized exchange or custodial wallet, you’re giving up control of your keys to a third party and behind the scenes they’re managing your assets for you.

This can be risky, as the third party could be malicious, fraudulent, hacked, go bankrupt, or be subject to government seizure.

Comet is different.

You’re the only one in charge and you’ll always have full control over your own assets and private keys. This means that only you have access to your funds, and only you can transfer them to any other wallet or exchange at any time, without relying on anyone or asking anyone for permission.

“Not Your Keys = Not Your Crypto”.

But be careful, managing your own keys also means that if you lose access to those keys, there’s no one that can help you. You’re the one in charge and you’re the only one responsible for the safety of your funds.

It’s obvious that it’s important to store your private keys and seed phrases on the most secure ways possible and never get them stolen or lose them.

Comet 2.0 Documentation

Anticipating the questions that might arise with the launch of Comet 2.0, we’ve prepared comprehensive documentation to smooth out the onboarding process for our users.

It’s not just about launching a product, it’s about ensuring everyone can use it with ease.

This encompasses everything from familiarizing users with key Comet 2.0 terms in our glossary to guiding newcomers on their first steps in the “Getting Started” and “User Guides” section.

We’re not just offering a wallet, we’re equipping our community with the knowledge to use it effectively. So before diving into Comet 2.0, we encourage everyone to take a moment and peruse the documentation (when we publish it soon).

Knowledge is power and we want our community to have both!

Store SHA on Ledger

A recurring question in our community centers around storing SHA tokens on the Ledger hardware wallet. The good news: Yes, it’s possible!

While Ledger Live doesn’t natively support vechain directly, you can still use your Ledger to access the vechain blockchain and manage your vechain tokens.

To store your vechain-based SHA tokens, simply install the vechain wallet app on your Ledger device through Ledger Live.

Once that’s done, you can use your Ledger to connect to vechain wallets like Sync or VeWorld and transfer your SHA tokens to your Ledger-managed vechain wallet address.

We’re also in the pipeline to integrate Ledger with Comet 2.0 in the near future, but for now, here are some screenshots of how this looks in VeWorld.

More info can be found on the Ledger website: https://www.ledger.com/coin/wallet/vechain

Additionally, as you know, SHA isn’t exclusive to vechain. Thanks to SafeSwap, it’s a multichain token available on Ethereum, BNB chain, Polygon, Base, and soon on Optimism.

Depending on the chain your SHA tokens are on, make sure to install the respective compatible wallet on your Ledger.

Beware! If you have a SafeNode and move your SHA tokens to another wallet, your node will lose its maturity and you’ll have to start over with your new wallet address!

Updated Safe Haven Wiki on Reddit

For both newbies and seasoned members of our community, we revamped the Safe Haven Wiki over on Reddit. As we gear up for the remarkable innovations on the horizon, this resource serves as a comprehensive guide to all things Safe Haven.

Dive into our detailed documentation where you’ll find extensive information about the Safe Haven organization, our array of products, and the intricacies of our tokenomics.

The Wiki provides an organized table of contents to help you navigate through the wealth of knowledge:

  • Safe Haven Organization: Learn about our foundational principles, our stance on being blockchain agnostic, the solutions provided by SafeTech Labs, our patents, trademarks, and keep up-to-date with our roadmap.
  • Safe Haven Team: Get acquainted with the visionaries behind Safe Haven, including our founders and core team members.
  • Products & Services: A deep dive into our cutting-edge products such as Inheriti®, SafeKey, SafeSwap, SafeID, Comet, and more.
  • Partners: Explore our esteemed partnerships that enable us to drive innovation in the blockchain ecosystem.
  • Tokenomics: Gain insights into the SHA token, its distribution, utility, storage options, contract details, and the markets it’s available in.
  • Community: Discover the backbone of Safe Haven: our community. Learn about the SafeNode App, our staking program, ambassador programs, and other community-centric initiatives. Plus, check out our exclusive merchandise webshop.
  • Links: Essential links for quick access to all our platforms and resources.

This is just a snapshot of what awaits you. For a comprehensive look, dive into our wiki and arm yourself with knowledge.

https://www.reddit.com/r/safehavenio/wiki/index/

Community

Conclusion

And so another week comes to a close.

Looking back, we’ve made significant strides in various aspects of Safe Haven’s mission (although we can not always mention everything we do).

With the coming launch of Comet 2.0, the emphasis on our YKYC philosophy, and the comprehensive new Safe Haven Wiki on Reddit, it’s evident that we’re committed to keeping our community informed, involved, and empowered.

However, it’s not just about the big updates and developments.

It’s about the everyday efforts, the constant refinement, and the feedback loops with our community. Each of these elements combines to push our project and ecosystem forward.

It’s been a productive week, and there’s much more to come.

As we continue to work, we truly appreciate the support and patience of our community.

Thank you for being part of this journey with us and let’s see what the next weeks bring!

Onward and upward! 🚀🌟

Enjoy your weekend SHAman! 🔮🧙‍♂️

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