celo's mobile wallet initiative. On a mobile, the phone number becomes the address. Since we dont need to use a hardware ledger, how secured is celo's mobile wallet? If it stores key phrase in the mobile phone, isn't it very risky?
so how does authentication happen? what's the equivalent of password on my phone? say I am going to send some money to another phone number. What info do I provide to authenticate?
To complete a transaction you will only require a person's Celo wallet address or if the receiver also uses Valora wallet, you can use phone number as an address
so if some one steals my phone, I can loose all my money in my wallet?
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