SafeWallet, a mobile application for storage of virtual assets is setting the tone for a better and easier transaction with new features. The new features include a two-layer security system that consists of QR code-based user ID and a series of security questions. With the new, two-layer security system, SafeWallet has brought innovation to make transactions more comfortable to the crypto community.
The New Safety To Cryptocurrency Transactions
The latest version of SafeWallet eases the difficulty usually experienced in wallet processing and storing of Bitcoin and alternative cryptocurrencies. The challenge lies in using long private keys and mnemonic phrases to back up crypto assets, and the printing on paper, which is volatile to missing or stealing. The long private keys make transaction difficult for new entrants and old users likewise mostly. This difficulty is made more comfortable with the latest version of the wallet, with the two-layer security system, that consists of QR code-based user ID and a series of security questions.
According to the product head of SafeWallet, Kaiser Zhang, he states that,
“There is no longer any need to memorize or transcribe long mnemonic phrases or private keys… This complicated backup process has been one of the primary barriers for users of cryptocurrency wallets, and especially for those who are new to the industry. With this latest update, we are proud to say that we have finally solved this usability issue without sacrificing any of the security capabilities that SafeWallet is known for.”
Other unique advantage SafeWallet offers to it users is immunity against malicious software, which steals assets via operating system loophole or through communication on unsecured channels like messages and email. The most advanced QR code encryption techniques are used to secure SafeWallet, with cryptography, HASH function mechanism, image fault-tolerant mechanisms, all embedded to make proper safety for crypto users.
The security technologies of the company are also opened to third-party developers as a means for better crypto asset wallet security to blockchain communities. The innovation is a big plus to the cryptocurrency community as transactions will be made more accessible.