Welcome to Tweed
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Tweed bridges the gap between the complexity of the blockchain and mainstream users, through robust headless technology and a low-code SDK. Tweed products prioritize user experience without sacrificing security or user ownership.
Your brand is placed at the center of Tweed's technology. Now you can focus on building unique and exciting experiences - and let Tweed take care of the rest.
Tweed wallets optimize security and recoverability
Tweed offers a completely self-custodial wallet
Only users control their keys - no exceptions
Users can recover their wallets with a social login
Offer a completely Web2 experience for token purchases
A crypto wallet is an application that stores a user's blockchain-based assets, such as cryptocurrencies, tokens, and NFTs. Just as importantly, a crypto wallet enables users to carry out transactions on the blockchains, like paying for goods and services with cryptocurrencies or purchasing or minting NFTs. Another crucial purpose of a crypto wallet is storing two pieces of information that are essential to blockchain transactions: a user's public key and private key. A user's public key is visible to everyone and is used to generate the wallet address to which others can send the user cryptocurrencies and other on-chain assets. In contrast, a private key enables a user to sign, i.e., authorize, blockchain transactions and should only be known to the user. Signing a transaction proves that the user is the owner of the wallet; with this proof, a user can spend crypto and transfer assets out of their wallet. As a result, anyone who holds the wallet's private keys can control the funds or assets within it without any restrictions or limits. In short, whoever possesses the user's private key controls their crypto wallet and the assets it contains, so it's vital for the user to retain ownership of their private keys to ensure the security of their on-chain assets.
This is why a good crypto wallet must have two mechanisms that are equally important:
Tweed wallets optimize for security and recoverability. To understand how, read more below.
Crypto wallets are either self-custodial or custodial. The differences are defined below:
What are self-custodial wallets?
The user is responsible for managing their self-custodial wallet and should be the only one with access to their private key and assets. A fully self-custodial solution provider has no way of recreating or recovering the user's keys. This is where the technology comes into play and where the difference between each proclaimed self-custodial wallet provider lies: if the wallet provider has any way to access the user's private keys, the wallet is not truly self-custodial. MetaMask is a great example of a true self-custodial wallet provider.
What are custodial wallets?
Alternatively, a user can keep their assets with a custodian, such as a crypto exchange like Coinbase or Binance. The user does not have to manage their wallet or protect their private keys; the custodian manages a user's keys for them. A custodial wallet's UI is often simpler than a self-custodial wallet, and a user just needs a username/password or SSO. The downside, however, is that the user's assets are managed by an external party, and a breach suffered by the external party jeopardizes the security of the assets within the wallet.
Keys are generated, sharded, encrypted, and decrypted on your end user's device, with user secrets - no exceptions.
Tweed's proprietary key management solution uses a social login, e.g., Google, to secure users' wallets. Seed phrases are optional but never mandatory.
Users no longer have to store a 12-word seed phrase to recover their assets and risk losing them forever.
The risk with private keys is that losing them will render the user's funds useless and will not be recoverable by anyone else. With many self-custodial crypto providers, users are required to store a 12-word seed, or mnemonic, phrase that is only shown once upon wallet creation. Traditionally, users need this phrase to regain access to their wallet, whether on the same device or a new device.
With Tweed's Token Checkout solution, buyers can purchase tokens in the same way they purchase anything else online: with their debit or credit card or Apple or Google Pay. As a result, knowledge of and familiarity with Web3 technology are abstracted from the user: they don't need to own any crypto - and Tweed handles the gas fees!
Coupled with our Wallet as a Service solution, buyers don't need to own crypto or even have a wallet before purchasing your tokens, removing friction from the customer experience.
Tweed's product offers 100% self-custodial wallets: only the owner of the wallet can sign transactions, spend crypto, and transfer assets. The user's private key is stored in a way that can only be recovered by the user and can never be accessed by Tweed or the integrated platform.
Security
To prevent unauthorized users from controlling the user's assets
Recoverability
To prevent the user from losing access to their wallet and its contained assets
