BP Ventures presents CEP30, Stellar's 2020 standard for wallet recovery without seed phrases. The demo shows how users can recover accounts via email, SMS, or social authentication while keeping the master key disabled for security.
BP Ventures demonstrates Stellar's CEP30 standard, a wallet recovery solution that eliminates seed phrases by enabling account recovery through email, SMS, or social media authentication. The presentation includes a live playground demo showing account creation, funding, server configuration with weighted signers, and recovery flows. Key points include the security model where the master key is disabled and recovery requires authentication from multiple independent servers, the cost savings of social authentication over SMS in emerging markets, and developer resources including JavaScript implementations, GitHub repos, and Swagger documentation. The speaker emphasizes that at least two of three recovery servers must be operated by separate entities to prevent custodial control.