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RE: Steemit Inc. 2017 Roadmap Review
Thanks for sharing this! One thing I'd love to see is double verification to login. I love this feature when I use exchanges, and wouldn't mind using an authenticator just to verify that it's me physically logging in.
That's not possible with blockchains. Exchanges can do it because they are centralized. With Steem, all data is stored on the decentralised Steem blockchain, so the only way to interact is through private keys.
Actually, it is possible with multisignature (multisig) wallets. This is based on smart contract functionality where you can have whatever logic you want in the smart contract. Most common scenario is to have three keys for the wallet, and require two of them to verify outgoing transactions. Then you keep two of the keys, while a company you trust keeps the third. When you want to send money, you verify with one of your keys, while the company sends you a code on your smartphone and verifies the transaction with its key after you correctly enter the code. If you want to stop using the company's services, you use your two keys to move to another wallet.
Even bitcoin has this functionality.
Thank you for that, I had no idea. Appreciate the info!