First Multi-signature Wallet on Aptos Chain: In-depth Analysis of Momentum Safe

Multi-signature is a digital signature method that allows two or more users to jointly control assets. It disperses the control of assets associated with a wallet address among multiple people, effectively reducing the risk of single points of failure.

Momentum Safe, as the first multi-signature Wallet solution on the Aptos chain, has been successfully deployed to the mainnet. This article will delve into the application scenarios of Momentum Safe and how it achieves secure and scalable multi-signature Wallet functions.

The Importance of Momentum Safe

Momentum Safe provides an additional layer of protection for assets and resources by introducing accounts with multi-party shared operations. It is suitable for various entities such as investment institutions, project teams, and decentralized autonomous organizations.

Main Application Scenarios

1. Project party foundation financial management: Assist in managing various tokens including APT.

2. DAO Financial Management: Controlled by selected members of the Multi-signature Wallet, managing funds through voting.

3. Project Revenue Management: Such as the distribution of NFT project royalties and minting fees.

4. Move module release: Deploy smart contracts through Multi-signature Wallet to reduce the risk of privilege abuse by developers.

5. Protocol Management Control: Manage key parameter changes of the protocol, emergency stops, and community reward adjustments.

Technical Implementation

Momentum Safe is based on the native multi-signature transaction standard of Aptos, combined with on-chain storage implementation. The transaction process includes: user signing, submitting payload and signatures, storing basic data, collecting enough signatures to submit a Multi-ed25519 transaction, and finally executing the specified function in the Move VM.

Featured Functions

In addition to the basic Multi-signature Wallet functionality, Momentum Safe will support:

1. Comprehensive interoperability: Can interact with any DApp.
2. Notification Service: Real-time notifications for account changes.
3. DApp Store: Recommending protocols and tools based on user needs.
4. Cross-chain integration: Introduce cross-chain assets to optimize user experience.
5. Continuous payments: supports salary disbursement and subscription services, etc.

Momentum Safe Web App User Guide

The Momentum Safe Web App is the interface for users to manage their treasury and interact with DApps, and it is now live on the Aptos mainnet. It supports login through Pontem, Martian, and Fewcha Wallets.

Usage Steps:

1. Visit the official website and click "Open App" to enter the Web App.

2. Select and connect the Wallet. Registration is required for first-time use.

3. Create Multi-signature Wallet: Fill in the address information, set the threshold and initial funds.

4. Other users confirm the creation request.

5. Confirm and start creating the MSafe account.

6. Complete the creation process as prompted.

Through Momentum Safe, the Aptos ecosystem has gained a powerful Multi-signature Wallet solution that provides a higher level of security for asset management and protocol governance. With continuous improvements in functionality, Momentum Safe is expected to become one of the key infrastructures on Aptos.