In this video, we will explore the topics of governance and wallets within the Cello ecosystem. Governance plays a crucial role in designing systems and environments for decision-making within the Cello network. Wallets, on the other hand, provide a means for users to engage with Cello assets. We will be joined by two experts, Zaviad Metrovelling and J.M Rossi, who will demonstrate the Cello Terminal and the Cello Web and Desktop Wallets.
The Cello Terminal is a desktop wallet designed to handle complex protocols and large amounts of assets. While mobile wallets are popular for targeting a large number of users, desktop wallets are necessary for tasks that require enhanced security, trust, and user interface complexity. The Cello Terminal aims to democratize native integration for app developers. During the demo, Zaviad Metrovelling showcases the simple design of the Cello Terminal and demonstrates a unique capability: support for multi-signature accounts. Multi-signature accounts enhance security by requiring multiple signatures for transactions. Zaviad also explains the process of creating and modifying multi-signature accounts using the Cello Terminal.
The Cello Web and Desktop Wallet provide convenient options for users to engage with Cello assets. The web version works on any modern browser, while the desktop version is available for Mac, Windows, and Linux. Both versions include ledger support for added convenience. During the demo, J.M Rossi guides us through the features of the Cello Web and Desktop Wallet. We get to see options to fund the wallet, exchange currencies, and view real-time price data. J.M Rossi also demonstrates the ability to lock assets and highlights the enhanced security features available in the desktop version of the wallet.
While the Cello Terminal and the Cello Web and Desktop Wallets have undergone reviews by trusted individuals, they have not yet been formally audited. However, both projects have plans to arrange formal audits in the future to ensure the security and reliability of the software.
The discussion shifts to the topic of interoperability and bridges within the Cello ecosystem. The ChainSafe team explains their motivations for exploring cross-chain communication and reducing trust assumptions in layers. They introduce two proof mechanisms, Merkel inclusion proofs and BLS aggregate signature verification, which enhance the security and reliability of cross-chain transactions. The team also mentions ongoing efforts to refactor their architecture, create documentation, and support additional chains and Layer 2 solutions.
The conversation concludes with a discussion on potential integrations and use cases. The possibility of integrating Chain Bridge and Optics is mentioned, as well as existing bridges between Ethereum and Ethereum Classic, Moonbeam, and Avalanche. The team also expresses interest in exploring Filecoin for its storage capabilities and its potential impact on Web3 applications.
In summary, this video highlighted the importance of governance and wallets in the Cello ecosystem. The Cello Terminal and the Cello Web and Desktop Wallets were showcased, demonstrating their features and benefits. The discussion touched on audits, interoperability, and integration possibilities, providing insights into the future of the Cello network.