VOTE: https://peakd.com/me/proposals/311
Does Hive Want a Second Functional Wallet Option Besides Hive Keychain?
(Spoiler: It's already created)
We are reaching out to the Hive community to ask a simple but important question:
Does Hive want a second functional wallet option besides Hive Keychain? If so... why? how much?
* A Wallet that performs actions on Hive apps/websites
Current Situation
Right now, Hive Keychain is the primary wallet used across the ecosystem. While it offers great value, it also creates a "single option" dependency for most users interacting with Hive dApps/websites.
Peak Vault, an alternative wallet, is available but its broader adoption and future development depend on community feedback and support. Up to this point the development proposal to support the development has not received enough support:
Peak Vault So Far
- Proven Track Record: Peak Vault was developed and successfully released as a fully functional wallet extension, showcasing our team’s capacity and commitment.
- User-Friendly: It has a clean, intuitive interface supporting transactions on PeakD.com, HiveHub.dev, and RiseofthePixels.com.
- Developer-Ready: A wallet-agnostic SDK is available to help any app easily integrate Peak Vault. However, widespread adoption requires more apps to implement this option.
Why Multiple Wallets Matter
- Strengthen Ecosystem: Diversifying wallet options reduces dependency on a single team or product, enhancing Hive’s resilience.
- Encourage Innovation: Multiple options can create a drive to be the best option, leading to better features for the community.
- It could also lead to faster/focused development with an eye on reduction of the DHF burden after development.
Why Bring This Up Now?
The proposal to fund continued development of Peak Vault has:
- Strong community support (31 million HP voted) but hasn’t yet reached the funding threshold.
- Ranks as the 3rd most-voted proposal (by number of votes).
- A modest funding request of under 50,000 HBD if fully funded for the remaining 182 days.
What Would Funding Do?
- Compensate Past Work: Pay a key developer who worked passionately on Peak Vault without full funding.
- Enable Small Updates: Provide resources for community-requested updates or features.
- Support Open-Source Projects: Refund @peak.open for upfront costs, enabling the development of other open-source projects.
What Funding Does NOT Mean
- No Excessive Costs: We do not expect high compensation moving forward. Building a second wallet is already a valuable step for Hive’s ecosystem.
- Community-Driven Approach: The team would consult the community on future features to prioritize what matters most.
- No Software Audit: Unfortunately the proposal has not been funded for the best part of the year and we'll not be able to move forward with the 3rd party "software audit" we had planned for this project.
- No focus on Metamask Wallet: While it's essentially done the focus is likely going to be on Peak Vault primarily at this point of reduced funding.
Why Our Team?
Our team is efficient, fast and costs are comparatively very low. Also the intuitive nature of our products is highly respected.
Our Ask
We want your input and feedback to answer these questions:
- What are the benefits of a second functional wallet for Hive?
- Is an additional wallet options a priority for Hive?
- Should we continue developing Peak Vault? If so, how extensively?
Let us know what you think and what features you’d like to see in a second wallet. The Peak Vault team is ready to adapt to the needs of the Hive ecosystem.
NOTE: There is no shade to wallets that advanced users use... they have a time and place and are needed but are not the wallets used by 99% plus of our user base or any other app on Hive and are not part of this discussion.
VOTE: https://peakd.com/me/proposals/311
Published with PeakVault
I have already voted for this some time ago. So that vote represents my support for another wallet option. I do think it is important to have choices.
I guess my question is why some of the big whales whose vote would obviously bring the proposal above the threshold, why would this not be wanted. Ie. What are the arguments against it? That its not needed and the community shouldn’t need to pay for it?
Very good question 🤔
Well, we need to be honest.
And after reading all this, i find this innecesary for now are other stuffs to work on.
I have only one issue with the HiveKeychain with a wrong transaction that make me lose swap.hbd like a moth ago, apart of that everything been running really good.
This sound cool, i support it but still find it innecesary rightnow.
Yes we are all happy with where Keychain is at... but the community has paid how many hundreds of thousands of HBD for Keychain? and has 88k HBD left in current proposal that the community seems committed to pay. So it all comes at a large price.
Seems like one small feature at a comparatively low price is simply to make sure the community has a second option. It's minimal cost for such a large feature in comparison.
Looking at the last updates on Peakd with AI integrations, snaps, etc. I find they are doing great work, and I believe the same for this project, let's all get the support needed, I am sure this proposal will soon be active
What are the benefits of a second functional wallet for Hive?
the Metamask integration is the best idea to focus efforts on my vision
We could make the wallet really user friendly and add a lot of new features. But right now it's just a solid tool to interact with websites like peakd.com or hivehub.dev using a desktop browser.
Having it around even without the big funding means we have a backup in case anything happened to keychain. So it's a pretty cheap insurance plan... though for some users it is their primary wallet extension.
I'm a pretty basic user, I have everything I need from Keychain already. I can't really imagine I would want to switch, due to being so used to Keychain already.
I do agree with the Strengthen Ecosystem and Encourage Innovation points though, which is why I will support this idea.
I haven't tried Peak vault, I probably should before commenting, maybe I would find something new that I didn't know that I needed.
Hive keychain needs to be updated and the Android app is very slow. It would be good to have a second functional wallet in Hive keychain.
I'm sorry I don't understand this. Are you saying that funding will not include a third party software audit? Can you explain the implications of this?
I'm not in favour of retrospective agreement to pay for work that has already been carried out. It's a dangerous principle and leaves Hive open to multiple claims for work that has been done with no prior approval.
I struggle with the business model for DApps. Are these private businesses with the intention to create wealth for their owners? If so, do they have a sustainable business model? Accounts voting for proposals are essentially investors: what are we investing in with DApps? How dependent are DApps on DHF funding and have they investigated alternative investment?
Many thanks.
The DHF proposal was originally published months ago and has not been funded for 6 months at this point. This means that some of the things originally planned will not be possible even if we get the funding for the remaining months.
Again ...the proposal has been there for months. So this post is mostly to understand the community feeling about a new Hive wallet. The likely outcome is that we'll just stop working on it if people don't see a value in the project.
Okay, thank you.
If you're asking about the implications of not having an audit... well I don't believe Keychain had a 3rd party paid audit either.
But... The peakvault software is all i use for PeakD.com and has been great.
I'm asking about the implications of not having an audit because you've included it in your information. You must have felt it was important to have included it in the first place, now you're saying it's not going to happen and I wondered what the consequences were, if any.
Honestly. I just use Keychain x)
It works seemlessly and it also have good people behind it.
I agree on having options is great! But not sure this is a necessary thing at the moment.
You guys do a lot of good work and I believe your wallet is great!
But Keychain is just already very very easy and user friendly xD
!PIZZA
$PIZZA slices delivered:
@danzocal(2/10) tipped @peakd
It is most likely all a big scam!!!