Gnosis Safe—Product Status TL;DR

A feature overview of the first smart contract-based mobile wallet on Ethereum

Enter the decentralized web

The Gnosis Safe is a multi-signature Ethereum wallet providing users with a convenient, secure way to manage their digital assets and interact with the decentralized web.

It’s now available on mainnet for Android and iOS, in combination with a Chrome browser extension.

👉 https://safe.gnosis.io/

Set up your Safe in a few, simple steps

Storing Funds on Ethereum and Interacting with dApps

TL;DR

Centralized exchanges store funds on behalf of the user and therefore constitute a single point of failure–funds are only as safe as access control to these websites is

and therefore constitute a single point of failure–funds are only as safe as access control to these websites is Non-custodial wallets make users to the sole owners of their funds , however, there’s absolutely no way to recover the funds if their private key gets lost, stolen, or destroyed

, however, there’s absolutely no way to recover the funds if their private key gets lost, stolen, or destroyed Decentralized multi-signature wallets allow for added security and flexibility by requiring a predefined number of account owners to “sign” every transaction before execution, but are cumbersome to set up and more suitable for groups of people managing large amounts of assets

by requiring a predefined number of account owners to “sign” every transaction before execution, but are cumbersome to set up and more suitable for groups of people managing large amounts of assets dApps rarely describe the nature of transactions in a way that’s understandable to the user, and often require the user to go through repetitive transaction confirmation steps, making dApp interaction non-transparent and complex

The Gnosis Safe is here to fix all of that.

Multi-factor authentication means that no one else can gain access to your funds, even if they stole your private key

means that no one else can gain access to your funds, even if they stole your private key On-boarding made easy — simple wallet setup where transaction fees can be paid using the wallet’s available ETH

— simple wallet setup where transaction fees can be paid using the wallet’s available ETH Seamless user interface abstracts complex concepts such as gas limit, gas price, or private keys that often unnecessarily hinder user experience

abstracts complex concepts such as gas limit, gas price, or private keys that often unnecessarily hinder user experience As the first smart contract-based mobile wallet , it drastically simplifies interaction and integration with applications, becoming the premiere tool to enter the decentralized web

, it drastically simplifies with applications, becoming the premiere tool to enter the decentralized web Account recovery methods beyond manual private key backups: losing access to your private key doesn’t mean you lose all your funds*

beyond manual private key backups: losing access to your private key doesn’t mean you lose all your funds* Bundled transactions will do away with repetitive transaction confirmation steps**

*Currently in research. Simple prototype for social recovery available on contract level.

*Currently in research. Multi_send (for bundling transactions) available on contract level.