What is Chôra?
Chôra is an intelligent non-custodial account abstraction wallet. It is designed to enhance security, simplify user experience and promote recoverability. It offers social login, two-factor authentication (2FA), a text-to-invest chatbot, and gasless transactions.
How does Chôra enhance security?
Chôra enhances security through its account abstraction logic that lets users delegate a part of security without giving away the custody of their assets. Furthermore, it employs 2FA at the transaction level and operates a co-signing key without taking over the custody of the account to provide superior security.
What is the purpose of Chôra's account abstraction logic?
Chôra's account abstraction logic is designed to enhance security and eliminate the single point of failure. Its purpose is to allow users to delegate part of their account security without giving up custody of their assets.
Can you explain more about Chôra's 2FA?
In Chôra, two-factor authentication (2FA) is implemented at the transaction level. This means that each transaction requires a second form of verification, providing an added layer of security and safeguarding the assets within the wallet.
What is the text-to-invest chatbot feature in Chôra?
The text-to-invest chatbot feature in Chôra is an innovative tool that allows users to manage their portfolio with AI-assisted chat. It's currently in the alpha stage.
What are the benefits of gasless transactions in Chôra?
Gasless transactions in Chôra provide the benefit of zero transaction fees. This innovative feature enables seamless and eco-friendly transactions for users. However, these are currently available only on selected chains.
Can you delegate part of your security in Chôra?
Yes, in Chôra, you can delegate part of your security. Its account abstraction logic allows users to delegate a part of security without giving away the custody of their assets, eliminating the single point of failure.
How does Chôra handle recoverability?
Chôra handles recoverability through a smart contract that supports recovery for worst cases, implementing a single-key recovery based on a time lock. This means that even if you lose your seed phrase, you can recover your wallet.
What does it mean that Chôra is non-custodial?
Chôra being non-custodial signifies that it allows users to retain full custody and control over their assets. While Chôra handles a part of the security by operating a co-signing key, it does not take over the custody of the user's account.
What EVM networks is Chôra compatible with?
Chôra is compatible with EVM (Ethereum Virtual Machine) networks. The specific networks are not mentioned on their website.
What is Chôra’s approach to eliminating the single point of failure?
Chôra eliminates the single point of failure through its smart contract - by allowing the users to delegate a part of the security via account abstraction logic without giving away the full custody of their assets, thereby eliminating the single, most vulnerable point.
How does Chôra incorporate social login?
In Chôra, social login is incorporated enabling users to conveniently log into the wallet using their social media accounts. It supercharges non-custodial wallet security by partnering social login with 2FA and unmatched recoverability.
What is meant by Chôra's 'no single point of failure' guarantee?
Chôra's 'no single point of failure' guarantee ensures that even if one part of the system fails, the whole system will not go down. They achieve this by allowing users to delegate a part of the security without giving up custody of their assets - so there's no one failure point that could compromise the entire system.
What are some upcoming features for Chôra?
One of the upcoming features in Chôra is the option to automate and schedule transactions or actions. Details about more upcoming features have not been specified on their website.
How does Chôra's 'text-to-invest' feature work?
The 'text-to-invest' feature in Chôra allows users to manage their portfolio with AI-assisted chat. Users can give commands via chat to control their investment activities. It's intuitive and makes portfolio management straightforward.
What is a co-signing key in Chôra?
A co-signing key in Chôra is part of their security measures. Chôra operates a co-signing key as part of the security without taking the custody of the account. So, while Chôra controls a part of the security, users still have complete control over their assets.
How does Chôra handle wallet recovery in worst-case scenarios?
In worst-case scenarios, Chôra supports recoverability through a single-key recovery based on a time lock. This means if users lose their seed phrase, they can still recover their wallet.
What makes Chôra's user interface and experience straightforward?
Chôra's user interface and experience are straightforward because they focus on simplicity and ease of use. Users can easily switch between wallets and manage accounts. The intelligent features like text-to-invest chatbot further simplify portfolio management.
Is Chôra a tool only for professionals, or can beginners use it too?
Chôra is designed to be user-friendly for both professionals and beginners. It's account abstraction logic, and innovative features are meant to simplify and secure crypto transactions, making it suitable for users of all experience levels.
Does Chôra support all types of crypto assets or just specific ones?
Chôra supports all types of crypto assets compatible with EVM networks. The specific compatible assets are not mentioned on their website.