For teams and individuals holding digital assets, how do you secure your funds? Do you use a single private key wallet, or simply put them in a centralized exchange?
These might not be the most secure way. Nevertheless, security should always be the top priority when it comes to asset management, especially in the crypto space.
The Safe (previously known as Gnosis Safe) is a digital asset management platform that provides better solutions to make sure your on-chain funds are safe.
They describe this as a new standard for smart contract security.
Who is Safe?
Safe, built in 2017, is a programmable platform that enables users to control their digital assets with more granular permissions. It’s on a mission to make every account in Web3 a smart contract account and create a Web3 ecosystem that is much more secure and accessible to a wider range of users.
Its flagship solution is a multi-sig based smart contract wallet that requires a predefined number of signatures to confirm transactions to prevent unauthorized access to the assets stored.
Simply put, most users of Web3 are used to a single private key wallet, which can be transformed into a 12-word “seed phrase”. If that private key is compromised in any way, the funds can be stolen and gone forever.
Safe’s multi-sig protocol provides solutions for:
- Teams: Fully customize how you manage your company’s crypto assets, with the option to require multiple team members to confirm every transaction in order to execute it. This helps prevent unauthorized access to company crypto.
- Individuals: Fully customize how you manage your personal crypto assets, with the option to require multiple devices to confirm transactions.
How is NodeReal Helping?
For Safe to secure massive digital assets for users, it requires a high-performance infrastructure provider for indexing data across multiple blockchains, including Ethereum, BNBChain, and Polygon.
The scale of the task is huge, and Safe experienced the drawbacks of an early ecosystem when looking for trustworthy solutions to leverage. They tried several node providers before and found that either they didn't support BNBChain, or the ones who did were inconvenient due to the “token charging by request” payment model.
NodeReal’s MegaNode came to the rescue with its high-performance infrastructure and best-in-class support.
According to Richard Meissner, Co-Founder of Safe, "NodeReal is the best-performance infrastructure provider on BNBChain with very good support. The NodeReal team is very responsive and it is easy to communicate with them to tackle challenges quickly.”
More specifically, Safe is using MegaNode for indexing all related transactions for the Safe multi-sig wallet, from executed transactions to ERC20/721 transfers, and more in the future.
From March 2022 until now, Safe has used our full nodes on BNBChain and Polygon and the numbers below speak for themselves.
Note: Polygon is the new blockchain that we just started supporting since July 18, 2022. Find more details here.
NodeReal is pleased to have partnered with Safe and joined its mission to make Web3 accessible and secure for all. In the future, NodeReal will be supporting more blockchains and features to serve Safe and all our other customers better.
Empower Your Decentralised Journey with NodeReal
NodeReal’s industry-leading reputation for dependability makes it the ideal service provider for applications and protocol development on Ethereum, BNB Chain, Aptos (Testnet), Polygon, and more!
The nodes are fast, highly scalable, and SLA stable, allowing you to focus on developing your dApps on multiple chains with confidence, and without the need to invest time and resources in setting up and maintaining the infrastructure.
NodeReal is a one-stop infrastructure and solution provider that embraces the high-speed blockchain era. We provide scalable, reliable, and efficient blockchain solutions for everyone, aiming to support the adoption, growth, and long-term success of the Web3 ecosystem.
Safe is the most trusted platform to manage digital assets and secures ~$40 Billion in assets today. With flagship web and mobile interfaces and an expanding ecosystem, it features in the toolkit of top DAOs, institutions, retail, and enterprise users. Safe is on a mission to unlock digital ownership by establishing a universal standard for programmable custody of assets, data and identity with smart contract based accounts.
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