Revault (@revaultdev) header
Revault (@revaultdev) profile picture

Open source custody infrastructure and protocol. For your bitcoin. The only Bitcoin Vault in existence, as in a multi-stage Bitcoin transaction wallet.

Azores, Portugal
Joined November 2020
Our boss gave you a 10k word thread on vaults this weekend. ๐Ÿงต If you were busy frolicking and didn't read it (like us), here's a shorter explanation of vaults with lots of emojis:
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Replying to @revaultdev
@revaultdev was--still is, one of the most interesting novel Bitcoin products I've ever seen. It breaks my soul watching literally every institution and big service provider in the space converging within a handful of mega custodian honeypot, when people like Kevin and @Wizardsardine actually worked to fix the hard problems, the right way, and factually ship and see no traction, even from the most "hardcore Bitcoiner" companies. Yes, it required some very complex engineering, but they pulled off a real vault design, without covenants, and nobody cared. I don't think vaults move the covenants needle significantly.
Me, seen as a vault hater. Also, me, launched the first on-chain Bitcoin Vault company, full open-source novel architecture and "working" product, built with Miniscript (in 2020 ffs, no hardware nor Core support back then!). I believe my opinion counts a little bit, and I don't think I'd have spent years of my life doing this if I didn't want vaults. I'm not the market though.
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Revault works today, without covenants. If a large institution need a Bitcoin vault today, we can help them integrate it. Don't expect it to be simple to deploy, but it works.
If you needed Vaults so bad, you would already use some. Sure, UX without covenants is a massive pain, but if it's enough to deter 100% of people and companies, maybe it's not that "needed" after all. Don't get me wrong, as a builder on later 1, I absolutely want covenants. 1/5
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Fucked up an outgoing transaction? Watching it helplessly while it's being picked up by a miner? Next time, deploy Revault. Cancel outgoing transactions with no fear. You can even have a watchtower automatically cancel it if it looks outrageous like that one.
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liana is doing amazing things with miniscript. revault is my spirit animal. @mercury_wallet uses a really cool MPC scheme plus mainstay (*the* coolest way to anchor to bitcoin) to do statechains (digital opendime) I'm using github.com/LLFourn/secp256kfโ€ฆ for musig2 signature adapter
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Yoooo, Bitcoin 2023 (@TheBitcoinConf ) is just starting and tomorrow you get to see us Sardines next to the Open Source Stage ๐Ÿ˜Ž come check us out and hear about Liana ๐ŸŒฟ *Adding a pic of our CEO talking about Liana on the main stage today to create hype*
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Finally releasing Liana 1.0: The safety net for your bitcoins ๐Ÿฅณ Your new open source, self-custody bitcoin wallet with: ๐Ÿ— Key loss recovery ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆ Inheritance ๐Ÿ”— Safer Backups Don't lose sleep at night, take control of your owns keys and coins ๐Ÿ˜ด youtube.com/watch?v=i2BfMsnsโ€ฆ
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So many gems in here The conversation with @KLoaec on the Genesis of @revaultdev from a post by @kanzure on bitcoin-dev Such a great example of how an idea becomes a company formed to provide tangible solution to a problem btctranscripts.com/honey-badโ€ฆ
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We just released the fourth version of Liana, with support for multiple timelocked recovery paths as well as many usability improvements on the GUI! wizardsardine.com/blog/lianaโ€ฆ
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If any large exchange or custodian feels like working with us on a @revaultdev deployment, ping us :D But yes, it's a complex infrastructure to maintain.
I tried to bring covenants to several companies I worked for. In the end they're just too complex. You really need three wallets instead of one, and additional state management. Long term I think we'll get them but I'd like to see @revaultdev succeed commercially first.
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New speaker announcement! Weโ€™re thrilled to have the CEO of @Wizardsardine Kevin Loaec speak at #bitcoin2023! Kevin and Wizardsardine are building Revault, an open-source #BTC custody platform utilizing #Bitcoin smart contracts.
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[BRONZE PARTNER INTRODUCTION] @Wizardsardine is a team of bitcoiners with a passion for security working on @revaultdev and Liana Wallet. CEO @KLoaec will be speaking on the stage during the conference.
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Introducing Liana, by @Wizardsardine . A new type of Bitcoin wallet built around Miniscript: it feels like any wallet BUT it has a big difference: you have a recovery path after you stop moving funds for a while. What does this mean, practically? -> backups -> inheritance 1/n
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Hello world! You may know us as the @revaultdev people. We are releasing SOMETHING ELSE (very) soon ๐Ÿ˜ฑ. Until now only a very few friends knew the team as WS, but hey we are now going public with this name.
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The team behind Revault will release something new very soon. Keep an eye on @WizardSardine to not miss it :)
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Kevin Loaec (@kloaec) is a long time bitcoiner with a keen interest in the security and adversarial side of things. CEO at Wizardsardine ( aka @revaultdev ), he is also known for co-organizing Breaking Bitcoin and Building on Bitcoin a few years ago.
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Antoine Poinsot (@darosior) is the CTO at Wizardsardine (aka @revaultdev), contributor to Bitcoin Core, C-lightning, and various other open source Bitcoin projects.
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Time to start communicating to the world :) We have been building the Revault Protocol for a while, which allows organizations to delegate funds to specific employees (or group of) and assign any restrictions on how funds can move (amount, time, destination, or anything else).
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Caveats: - on-chain footprint is larger than regular Bitcoin tx. - as long as covenants aren't a thing on Bitcoin, the infrastructure is complex - hardware wallets need to be better: miniscript support, compatible with the Vault transaction chain, to make Revault safer to use.
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Reach out to us to explore how a Revault deployment could help your organization. revault.dev
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