BlockWallet Officially released a privacy-oriented wallet for the fast-growing Web3.0 ecosystem. This unmanaged wallet is compatible with several browsers such as Google Chrome, Microsoft Edge, Brave, Opera and more.
According to the announcement, BlockWallet will introduce privacy features to users in the DeFi market. This allows anyone to anonymously transfer funds while hiding their financial position (account balance). Features lacking in common unmanaged wallets such as Metamask.
Project CTO Iman Hossini commented on the launch, stating that privacy is a core feature in setting the stage for the Web3.0 economy.
“When a user interacts with Web3, financial data is also attached to the user, which poses a significant risk. When building Web3, instead of raising the same error as before, a truly private Web3 experience. The launch of BlockWallet is an important step towards this goal. “
In particular, the BlockWallet ecosystem is designed for both market-savvy users and new crypto users. This privacy-focused solution allows cryptocurrency participants to avoid tracking by potential hackers and authoritative governments. Simply put, BlockWallet hides the trails on your chain of DeFi users and regains control of your data.
Wallets can achieve this level of functionality through encryption proofs and proxy integration with privacy-built browsers such as Tor. BlockWallet’s smart contract infrastructure pools user funds in one pool and generates a new address for each transaction. This means that “analysts” on the chain cannot track the sender’s original deposit address.
BlockWallet CEO Aleksandras Gaska was keen to emphasize the growing need to protect Web3.0 users from privacy breaches.
“In a world where privacy breaches are common, protecting privacy is essential. But not everyone has the skills and time to do it. Everyone owns privacy everywhere. We are pleased to finally present a working solution for the blockchain world that will be available. ”
As the DeFi ecosystem becomes mainstream, BlockWallet will give participants access to multiple DApps hosted on smart contract blockchains such as Ethereum, Phanton, Binance Smart Chain (BSC), and Avalanche. This unmanaged wallet also integrates with the Metamask snap plugin to facilitate the smooth transfer of funds between the two ecosystems.
On the security front, BlockWallet has undergone a rigorous beta test round featuring over 2,000 community members. In addition, there is an ongoing bug bounty program that allows white hat hackers to receive up to $ 150,000, depending on the vulnerabilities discovered. Future iterations of BlockWallet will include enhanced security and user experience.
It’s also worth noting that BlockWallet has attracted prominent crypto investors such as X21 Digital, Wood stock, Spark Digital Capital and Four Season Ventures. The project raised $ 1.8 million in a private token sale round. Native $ BLANK tokens are currently traded on several crypto exchanges and have a market capitalization of $ 16 million at the time of writing.
