Stellar Development Foundation introduces SEP-30, an ecosystem standard for non-custodial wallets that simplifies key management and recovery using multi-signature technology. Users can recover accounts through identity verification rather than managing backup keys, making blockchain more accessible to mainstream users.
The Stellar Development Foundation has unveiled SEP-30, a new ecosystem standard designed to address one of blockchain's biggest UX challenges: key management and recovery. SEP-30 enables non-custodial wallets to split backup responsibility between two third-party co-signers without giving either custody of funds. Users recover accounts through familiar identity verification methods like SMS or email, eliminating the need to write down or manage backup keys. This approach combines Stellar's multi-sig capabilities with familiar digital security patterns, making blockchain transparent to end users. The standard aims to drive mainstream adoption by removing friction from account recovery and key management, with research suggesting every dollar invested in UX returns $100.
