Tag: self-custodial wallet

Kraken Introduces Simple, Secure, and Powerful Kraken Wallet

Kraken, a leading cryptocurrency exchange, has taken a significant step towards accelerating crypto adoption with the release of Kraken Wallet. The self-custodial wallet is designed to be simple, secure, and powerful, offering users an easy-to-use gateway to the decentralized financial system.

Whether individuals are Kraken clients or not, they can utilize the multichain Kraken Wallet as a bridge to the world of decentralized finance. Built on the principles of privacy and security, Kraken Wallet ensures self-custody of digital assets and data. Users can enjoy an onchain experience supported by Kraken’s world-class security measures and dedicated client service.

Kraken Wallet provides a beautiful user experience, eliminating the need for network switching or manually creating multiple seed phrases. It serves as a one-stop solution for all self-custody needs, offering features such as comprehensive portfolio tracking, multichain support, WalletConnect integration, and round-the-clock customer support.

With comprehensive portfolio tracking, users can conveniently monitor their tokens, NFTs, and DeFi positions in one place. The wallet seamlessly interacts with eight of the most popular blockchains, including Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. Additionally, the integration of WalletConnect ensures secure access to thousands of the latest and most popular decentralized applications (dApps).

Privacy is of paramount importance to Kraken Wallet. The wallet collects only the minimum amount of data required for its functioning and does not gather internal app performance analytics. User activity is proxied through Kraken’s infrastructure, safeguarding their IP addresses and preventing external exposure of identity and location information. Kraken Wallet does not store any user sign-in details, email addresses, or KYC information.

Backed by Kraken’s industry-leading security measures, Kraken Wallet prioritizes the protection of user data and digital assets. The wallet was developed in collaboration with the team responsible for securing Kraken exchange’s assets for over 12 years. It incorporates multiple layers of security, including biometrics from mobile devices and user-provided password encryption.

To further ensure the wallet’s security, Kraken engaged Trail of Bits, a renowned security audit firm, to conduct a comprehensive audit of the code. This step helps identify any potential vulnerabilities and strengthens the overall security of Kraken Wallet. In a move towards transparency and community involvement, Kraken Wallet is the first major-exchange wallet to be open-source at launch, with its code available on GitHub.

Kraken Wallet marks the beginning of an ongoing journey, with plans to introduce more functionality in the future. Kraken remains committed to its cypherpunk principles and aims to bring the world into the onchain future. As the crypto industry continues to evolve, Kraken Wallet strives to embody the spirit of decentralization and empower users in their financial freedom.

To download Kraken Wallet and learn more about its features, users can visit the official website. The Kraken Wallet deep-dive technical blog provides additional insights into how the wallet addresses challenges in mobile crypto security. Users can also refer to the Kraken Wallet privacy notice for full disclosures.

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Report: TON and Telegram Forge Alliance in Q3 2023

According to Report, the Open Network (TON) Ecosystem witnessed a momentous Q3 2023, marked by extensive user engagement, product launches, and a remarkable alliance with Telegram. The quarter’s highlights reflect a vibrant growth trajectory for TON, encapsulating a range of metrics and strategic moves.

The recently introduced TON Stat highlighted a steady growth in TON accounts which now tally over 3.5 million. Daily transactions, although slightly fluctuating, demonstrate a consistent pace. The report indicated a surge in on-chain active wallets, nearing 815 thousand with an average daily increase of 1,392 wallets. These metrics underscore an expanding user base engaging with the TON blockchain.

A significant highlight of Q3 came on September 13 at the TOKEN2049 conference in Singapore, where Telegram and the TON Community divulged plans for a collaborative venture. This alliance is poised to unveil a new self-custodial wallet, TON Space, to Telegram’s 800 million monthly users starting November. The long-term vision includes enticing 30% of Telegram’s user base towards TON in the next 3-5 years, a move anticipated to not only boost Toncoin’s standing but also cultivate a TON-centric Web3 ecosystem within Telegram.

TON Space, an integral part of this alliance, is designed as a self-custodial software wallet integrated into Telegram’s @wallet feature. This initiative aligns with TON’s goal of democratizing crypto access, facilitating secure and straightforward asset management for users directly within the Telegram app. Another noteworthy update is the unveiling of Wallet Pay, a novel crypto payment service for e-commerce transactions within the Telegram interface, furthering the ease of crypto transactions for users.

The quarter also saw a strategic partnership between Tencent Cloud and TON Foundation, aiming to bolster support for developers in Asia. On the community front, the believers.ton initiative garnered substantial support, accumulating over 500 million Toncoin secured in a dedicated smart contract, which signifies a community-driven approach towards enhancing the network’s stability and transparency.

On the technical front, the integration of Blueprint and IntelliJ IDEA marked a significant move towards facilitating TON smart contract development. The quarter also featured developer contests and the announcement of The Gateway, TON’s inaugural in-person conference scheduled for November 10-11, 2023, in Dubai, unveiling a platform for networking and showcasing TON-based projects.

The numerous advancements and strategic maneuvers in Q3 2023 underscore TON’s progressive journey towards expanding its ecosystem and user base. The alliance with Telegram, along with continuous innovation in wallet services and community initiatives, propels TON closer to its vision of widespread crypto adoption.

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