5

I received an IOHK support ticket response this week that recommended I install the Yoroi wallet:

The Daedalus wallet is a full-node wallet, so it can take time to install and can be difficult to use depending on your machine and your network connection. We have a light wallet that is a chrome extension, which is easy to install and use. You can find more info at https://yoroi-wallet.com/#/.

This statement appears to be in direct conflict with their article on Cybersecurity Guidelines for Cardano Users. Of course, that article is about Daedalus, but for the end user, it seems confusing. Honestly, I was a bit baffled by the contradiction. I thought Yoroi was primarily an iOS app. Even in Apple's locked down ecosystem, I was having doubts about installing and using it. But as a browser extension? How is that safe enough for them to recommend?

7

I would argue the Yoroi browser extension is much safer than the iOS application.

Browser extensions provides double-sandboxing and is considered safer than most of the desktop applications. The browser itself is sandboxed from the rest of your computer and the extensions itself is sandboxes from talking directly to other extensions or to other websites unless you explicitly approves it can do so.

That being said, the most important element in the this process are your private keys. So, whatever you are using Daedalus or Yoroi, always protect your private keys by using a hardware wallet.

6
  • 2
    I'm not too sure about this. iOS has a ton of control around it, whereas the user can install any browser extension and the browser is exposed to much more than a standard app. All code in the iOS app/browser extension being equal. iOS apps are probably closest to a hardware wallet you can get (assuming the device is not rooted). I'm not an iOS or Apple user myself. May 1 '21 at 13:15
  • My argument was mostly around the fact, that the browser extension is sandboxed. If he is using the Yoroi official website, the user should be fine, which cannot be said about the official iOS app store, that has recently officially approved and listed a scam Trezor application and someone lost $1M+ of BTC to it. coingeek.com/man-loses-btc-worth-1m-to-fake-trezor-app May 1 '21 at 17:14
  • You make interesting points about browser extension sandboxing. Thanks for the useful info. It still seems there is a contradiction between the cybersecurity guidelines page for Cardano (and general safety recommendations I see around the web), and the recommendation to install a wallet via a browser extension.
    – a-fro
    May 2 '21 at 10:26
  • @a-fro oh, actually that page is only about Daedalus, which is a specific wallet software and is a full-node wallet. On the other hand, Yoroi is a light-weight wallet. May 2 '21 at 11:15
  • @MarekMahut-StakeNuts I understand that the page is about Daedalus, but that's part of what's confusing. It's called "Cybersecurity Guidelines for Cardano Users", is written by IOHK, only discusses Daedalus, and recommends "If possible, have a dedicated machine for your cryptocurrency activities...Ideally, you won’t use that machine to surf the web, read emails, download software, etc." If I'm not a security expert, but trying to understand how to be safe with my Ada, this page and its advice confuses me in relationship to the support recommendation to install Yoroi in a browser.
    – a-fro
    May 4 '21 at 10:00
2

Keep in mind that in the future IOG is planning to have lightweight version of Daedalus. For now Yoroi is very convinient and in terms of security is in the same level as Daedalus.

In fact Charles Hoskinson discussed that is debatable if they did a mistake by going in the current direction with Daedalus instead of implementing mobile lightweight solution as Yoroi. IOG is planning to have not only browser and lighweight desktop client but also Daedalus mobile version for Android and iOS.

For many of my friends is very hard to use the current version of Daedalus and from usability point of view Yoroi is the only option.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.