S2E11 Harry Donnelly, Circuit
Manage episode 513698479 series 3547612
This episode features Harry Donnelly, co-founder and CEO of Circuit, which gives cryptoasset holders the power to extract assets from any wallet — even after key loss, hacks, or unexpected custody failures.
Circuit's website is https://www.circuitsecurity.com
In this recording Matt and Harry consider:
- The problems of Key Based Recovery, and examples of crypto funds being taken without recourse;
- Harry's solution and the concept of Automatic Asset Extraction, as described on the website: “When systems break, keys disappear, or wallets are compromised, Circuit keeps your assets recoverable, your operations intact, and your reputation protected”.
- Part of Circuit's Whitepaper including how extraction occurs: “What’s needed is a security model that separates recovery from key availability - not to replace key-based systems, but to reinforce them. This whitepaper introduces Automatic Asset Extraction: a transaction- layer failsafe that functions independently of the primary key infrastructure. AAE enables assets to move from danger to safety without requiring access to compromised or inaccessible keys, filling the critical response gap left open by current systems. This means institutions can act before initiation risky or time-consuming key recovery processes- often avoiding the need for them altogether”;
- How AEE and Key Based Recovery work in tandem; and
- Circuit's market position and how preventive measures always trump post event recovery routes.
------ In Early is a podcast hosted by Matt Green who speaks to those at the forefront of the digital assets and technology sectors, telling real life stories, considering the growth and growing pains of the industry, and exploring how blockchain and other technology has made an impact on people's lives.
With guests including household names like Coinbase, BitGo, Coincover, Crystal Blockchain and Lockton, to more specialised enterprises like fractional mining farms for NFTs, to authors, artists and developers, from stable coin issuers backed by real estate, to Web3 gaming and sports projects, and forensic investigators to law makers, the podcast is a dialogue with those servicing, developing and implementing technology.
In Early was featured in The Lawyer's Briefing Room.
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