Reviving the Idea of Hive "Lite" Accounts With LeoFinance's New Onboarding Process

in LeoFinance3 years ago

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If you've been around Hive for any length of time, then you've probably heard the idea of "Lite" accounts. This idea - which was talked about recently by Theycallmedan - is a proposal to create a new type of Hive account at the blockchain level that allows simple interactions on Hive dApps without requiring the full gambit of downloading private keys, learning the mechanics of Hive, etc.

The basic premise is that it creates a 0 cost way for a user to quickly signup to Hive and start using dApps without having to go through the full lengths of the onboarding process. With LeoFinance's new "Get Started" process, we aimed to build a very similar mechanism. There are some key differences, but the idea behind Lite accounts is a similar idea behind the accounts that we create for new signups on https://LeoFinance.io.

Last week, we unveiled our new LeoInfra project. In V1, we've integrated Metamask and users can now seamlessly sign up to LeoFinance.io with their Metamask ETH address in under 30 seconds.

Now you might be wondering: how do "Lite" accounts come into play?

With our Metamask process, the user doesn't need to download any keys. They already have the keys to their Metamask ETH address. Utilizing a signature from this address, we allow them to create their own Hive account through LeoFinance.io with the click of a few buttons. All they have to do is:

  1. Click get started
  2. Signup with Metamask
  3. Enter a username
  4. Confirm with a Metamask text signature

In this video, I clipped together a few parts from my last video where I ran through a demo of the LeoInfra V1 integration. In these clips, I show how easy it is to create a new account with Metamask.

In under 1 minute, I show how the user is able to create a new Hive account with Metamask and immediately begin operating on the Hive blockchain through LeoFinance.io. The user is able to upvote, comment, send, stake, receive, etc... everything that a "normal" Hive user is able to do.

In the wallet page, the user is able to download the keys to the Hive blockchain account that we've created for them and linked to their ETH address (using custom JSON). The key is that the user doesn't have to download the keys.. They can download the keys when they're ready to download them. Most people who sign up to a site are already overwhelmed with new information and they need time to explore the UI and find out how everything works.

The key is that we set the user up for success by not throwing all of this complex information at them all at once. Instead, they're able to seamlessly sign up and continually login with Metamask. Once they're hooked to the site and start exploring the blockchain aspects of it - i.e. their wallet page - we give them prompts and disclaimers about "not your keys, not your crypto".

A user on Twitter also recently adapted the phrase to our onboarding process: not your keys, not your data. Which is a phrase that we'll likely integrate into the site. Users can now signup to LeoFinance.io easily and start the process of enjoying Web3 (tokenized rewards, blockchain immutability, etc.) but they don't need all the hard stuff thrown in their face all at once. They can take full control of their data (keys) when they're ready.


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LEO Finance blasting off

This is, for sure, a game-changer. You and your team are taking the HIVE Blockchain Network to the next level.

I am suited-up we have already blasted-off. Now we are headed to the moon!


Posted Using LeoFinance Beta 🦁

Good old Fred! lol

Posted Using LeoFinance Beta

Bravo, this is my favorite upgrade yet. I'm still in awe that you will be adding other communities and other blockchains to join and contribute to the Hive family. I think we all agree that this is the game changer! Rehived!

Posted Using LeoFinance Beta

Great news for get a Lot of users newie here and of course to Hive.

Posted Using LeoFinance Beta

THAT'S SUPERB!

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Splinterlands is doing similar things. New trial players can transact via proxy under a random name, and later upgrade to a full Hive account (with reserved name) when they buy a starter pack.

Sweet and smooth like a vanilla milkshake. If this is not appealing to everyone, I don't what else it is...

Posted Using LeoFinance Beta

Sign up with metamask is much more comfortable than verifying with telephone number or email confirmation.

Posted Using LeoFinance Beta

great idea I also support that with it it will be easy for new user to understand easly

thank you for the information, have a nice day

Posted Using LeoFinance Beta

I think light accounts are important, I was really happy when I saw Splinterlands switch to them. A large portion of sign ups are fraudulent or abandoned nearly immediately. We want to strike a balance of making signing up to Hive as painless and easy as possible but in doing so we open the door to account creation abuse.

Great work @khaleelkazi. I am glad @leofinance is coming up with great things with each update..

I need to set up properly my ETH Methamask. Luck I am not lost with it. METHAMASK before ate all my 0.23 ETH in a way that I can't remember how. LOL, Maybe I am a newbie at that time. But not anymore! Wait for me LEO, I am ready to invest in you!

Posted Using LeoFinance Beta

Congratulations on the roll out! Is this onboarding stack something the LEO team would be willing to open source for the wider Hive ecosystem to benefit?

I am just now getting into Leo. I've heard a lot of good things about the Dapp.
I'm glad to be here!

Posted Using LeoFinance Beta

What would the plan be for integrating these lite accounts with other applications? For example, if I were to sign up on LeoFinance using MetaMask, and then decide to also load Splinterlands using MetaMask, it looks to me like these would require two separate Hive accounts, the way they are currently implemented.

This is fine. It works, but it's two different MetaMask-based solutions.

I suppose the "correct" way to do this using only one account is for the user to take control of their keys from LeoFinance, thereby converting from a lite account to a full account, then use those keys to log into Splinterlands. But this process isn't intuitive.

I don't suppose there's any seamless way for LeoFinance to integrate with Splinterlands, so that Splinterlands could avoid creating a second Hive account, is there?

Posted Using LeoFinance Beta


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