Connect with us

Crypto News

DeFi Platform Radix To Create Next-generation Crypto Wallet For Web3 Users

Published

on

DeFi Platform Radix To Create Next-generation Crypto Wallet For Web3 Users

Radix, a decentralized finance (DeFi) smart contract protocol, has revealed plans to launch a new Web3 wallet. The wallet would enhance users’ experience with its advanced technological features, according to an official statement by the platform.

Radix To Launch Enhanced Web3 Wallet In 1st Half Of 2023

The decentralized finance and Web3 sectors are plagued with many challenges, such as frequent hacks and poor usability. Many crypto networks have earnestly tried to create wallet solutions to solve all these challenges. One such solution would be Radix’s Web3 wallet.

According to the concept of the new wallet, it would offer an improved user experience in the DeFi and Web3 sectors. In addition, it provides seamless transactions and good interoperability with crypto apps.

Furthermore, a Radix spokesperson claimed the wallet was a product of several months of research and development. He added that five new technical features were integrated into the wallet’s core to make it the first mass-use cryptocurrency wallet.

Mathew Hine, the Chief Product Officer at Radix, stated that the wallet would enable users to explore Web3 and DeFi platforms seamlessly. He added that it would improve users’ acceptance of metaverse, Web3, and DeFi products. He further said Radix is the best fit for such a project.

Radix’s Babylon Mainnet Update To Launch In Early 2023

According to reports, Radix plans to launch its new mainnet in the first half of 2023. The upgrade would be embedded with five new technical features to aid the proposed wallet in revolutionizing users’ interaction with dApps and crypto assets.

One of the upcoming technical features is “Personas,” which enables Radix and other dApps to connect. It also offers customized integration of Web3 and Web2 components while allowing password-less logins. 

In addition, another technical tool in the wallet is Reddix Connect, which allows users easy transition from mobile to desktop experiences. Additionally, the DeFi platform claimed that the Radix wallet would use their “Transaction Manifests” and “Native Assets” to create reliable and easy digital asset ownership procedures.

Solving Usability Challenges In Defi And Web3 

Many adverse events have occurred in the rapidly evolving DeFi sector, making it a risky and challenging industry for players and investors. In light of this, Radix reportedly labeled many crypto wallets and decentralized applications unsafe to use. 

Notably, the firm stated that most wallets have a mediocre user experience that does not fulfill the customer empowerment and freedom tenets in DeFi. Nonetheless, the upcoming Radix wallet is fortified with five new innovative technologies to solve the usability issues in the DeFi sector via their next-generation Web3 crypto wallet services.


Tokenhell.com produces top quality content exposure for cryptocurrency and blockchain companies and startups. We have provided brand exposure for thousands of companies to date and you can be one of them too! All of our clients appreciate our value / pricing ratio. Contact us if you have any questions: info@tokenhell.com. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.


Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto News

BitPay Announces Partnership With MoonPay – Bitcoin Magazine

Published

on

Bitcoin And Artificial Intelligence Frees Your Time - Bitcoin Magazine


BitPay and MoonPay, leading bitcoin and cryptocurrency payments infrastructure providers, have partnered “to provide BitPay users with significantly increased ways to buy cryptocurrency instantly, and at great rates.”

“BitPay’s unique marketplace experience also presents multiple rates for buyers, ensuring they receive the best possible price for their cryptocurrency purchases,” the press release states. “Additional benefits of the integration include fast delivery to any owned wallet address, as well as the ability for buyers to pay with their preferred method, including credit card, debit card, Apple Pay, Google Pay or a variety of local bank transfer methods.”


Source link

Continue Reading

Crypto News

Why Real Regulatory Change In Crypto Has Not Happened

Published

on

Why Real Regulatory Change In Crypto Has Not Happened



Legislators need to educate themselves on Web3 if they care about protecting consumers, Steven Eisenhauer, chief risk and compliance officer at Ramp, writes.


Source link

Continue Reading

Crypto News

South Korea to deploy cryptocurrency tracking system in 2023

Published

on

South Korea to deploy cryptocurrency tracking system in 2023


The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.

While the system is slated to be deployed in the first half of 2023, the South Korean ministry shared plans to develop an independent tracking and analysis system in the second half of the year. A rough translation of the ministry’s statement reads:

“In response to the sophistication of crime, we will improve the forensic infrastructure (infrastructure). We will build a criminal justice system that meets international standards (global standards).”

The South Korean police previously established an agreement with five local crypto exchanges to cooperate in criminal investigations and ultimately create a safe trading environment for crypto investors.

Related: South Korean prosecutors request arrest warrant for Bithumb owner: Report

The South Korean Supreme Court ruled that crypto exchange Bithumb must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017.

The finalized ruling from the supreme court ordered damages ranging from as little as $6 to around $6,400 be paid to the 132 investors involved.

“The burden or the cost of technological failures should be shouldered by the service operator, not [the] service users who pay commission for the service,” the court stated.


Source link

Continue Reading

Trending