Xu Mingxing Launches OKX Web3 Keyless Wallet Based on MPC Technology

04/04/2023 04:16 • Blockchain Briefs • 142 views

According to reports, Xu Mingxing tweeted that the OKX Web3 wallet has been launched as an MPC keyless wallet. It is reported that the keyless wallet is based on MPC technology and is the first 2/3 multi chain keyless wallet on the market, supporting 37 public chains. It also pioneered the emergency exit function, which allows users to export private keys and withdraw assets through two pieces of private keys that are completely managed by themselves in an emergency scenario, realizing a truly decentralized self managed wallet without private keys. Users can easily create this wallet using their OKX account without the need to manage complex private keys or mnemonics.

OKX Web3 wallet has been launched, MPC keyless wallet

Introduction

Xu Mingxing, the founder of OKCoin and OKB token, recently tweeted about the launch of the OKX Web3 wallet as a keyless wallet. This innovative wallet is based on a breakthrough technology known as secret sharing and multi-party computation (MPC), making it the first 2/3 multi-chain keyless wallet on the market. This article delves into the features and benefits of the OKX Web3 wallet and how it’s revolutionizing the way users manage their digital assets.

What is the OKX Web3 Wallet?

The OKX Web3 wallet is a new type of digital wallet that uses secret sharing and MPC technology to provide users with a secure and easy-to-use way to manage their digital assets. Unlike traditional wallets that require users to manage complex private keys or mnemonics, the OKX Web3 wallet allows users to create and manage wallets without needing to bother themselves with private keys. With the OKX Web3 wallet, users can easily create an account using their OKX account, and they can access their wallet anytime, anywhere, using their mobile device or personal computer.

Keyless Wallet Based on MPC Technology

The OKX Web3 wallet is based on secret sharing and MPC technology, which provides a secure and decentralized way to store private keys. Unlike traditional wallets that store private keys locally, the OKX Web3 wallet uses MPC to secure users’ assets by splitting each private key into several pieces and distributing them across different nodes on the network. This makes it virtually impossible for hackers to access users’ private keys and steal their digital assets.

First 2/3 Multi-Chain Keyless Wallet on the Market

The OKX Web3 wallet is the first 2/3 multi-chain keyless wallet on the market, allowing users to manage their digital assets across 37 public chains. This makes it a game-changer for users who have assets on multiple blockchains without the stress of juggling different wallets for each chain. With the OKX Web3 wallet, users can easily switch between chains and manage their assets in one central place.

Emergency Exit Function

The OKX Web3 wallet also features a new emergency exit function that allows users to export their private keys in an emergency scenario. This enables them to withdraw their assets without needing to worry about third-party custody or loss of private keys. With this feature, users can have a truly decentralized and self-managed wallet without private keys, making the OKX Web3 wallet one of the most secure and easy-to-use digital wallets on the market.

Conclusion

Xu Mingxing’s OKX Web3 wallet is a keyless wallet that is based on MPC technology, making it highly secure and easy to use. The wallet is scalable, allows users to manage their digital assets across multiple blockchains, and features an emergency exit function. This innovative wallet is a game-changer for users looking for a secure and decentralized way to store their digital assets. With the OKX Web3 wallet, the hassle of managing complex private keys and mnemonics is a thing of the past.

FAQs

Q1: How does the OKX Web3 wallet work?

The OKX Web3 wallet is based on secret sharing and MPC technology, which provides a secure and decentralized way to store private keys. The wallet splits each private key into several pieces and distributes them across different nodes on the network, making it highly secure and difficult for hackers to access users’ private keys.

Q2: How many public chains are supported by the OKX Web3 wallet?

The OKX Web3 wallet supports 37 public chains, making it the first 2/3 multi-chain keyless wallet on the market.

Q3: How do I create an OKX Web3 wallet?

To create an OKX Web3 wallet, users can easily create an account using their OKX account, and they can access their wallet anytime, anywhere, using their mobile device or personal computer.

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