Broken Money
About Client
Broken Money is a Bitcoin wallet for those who prioritize financial autonomy. Broken Money priority is on security, privacy and usability. Broken Money does not hide information from you - conversely it attempts to provide as much detail as about possible your transactions, but in a way that is manageable and usable. Broken Money Wallet has emerged as a highly rated, open-source web Bitcoin wallet application. It's designed to support most hardware wallets and is built on common standards like PSBT for transparency and privacy
Requirements
- Security: Enables users to require multiple keys to authorize transactions, enhancing security.
- User Experience: Provide an easy-to-use interface that speeds up transactions and increases user engagement.
- Functionality: Creating users, plans, vaults, bitcoin transaction and payments.
- Air-gapped hardware wallet integration: Supports wallets like Cold card for transaction signing.
- Compatibility: Ensure compatibility across all web browser and operating systems for broad user accessibility.
Challenges
- Standards-Based Approach: The wallet fully supports PSBT and is compatible with all common hardware wallets in USB.
- Security Threats: Protecting user assets by decreasing threats such as hacking, fraud, and phishing attacks.
- User Adoption: Convincing customers to convert from conventional banking techniques to digital wallets and guaranteeing confidence in the platform's security.
- Technical Integration: Integrating with payment gateways, and block chain networks while maintaining reliability and performance.
Solutions
- Advanced Encryption: To protect user data and transactions, utilize end-to-end encryption and multi-factor authentication (MFA).
- Hardware Authentication: Integrating hardware verification (e.g., cold card) for secure transaction.
- User Interface Design: Designing a simple and user-friendly interface for easy navigation and transaction management.
- API Integrations: Combining block chain networks (like Bitcoin) and payment gateways (like Stripe) to enable smooth transactions.
- Marketing and Education: Targeted marketing initiatives are being launched to educate consumers about digital wallets, security features, and develop trust in Broken Money Wallet.
Purposed the solution with following technology stack
- Backend: Java
- Data-Base: PostgreSQL.
- Fronted: React JS, HTML, SCSS, Bootstrap, Axios, Redux, stripe payment gateway.
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