cryptopolitan.com
Popular telegram trading bot, BonkBot announces to become noncustodial for its users. Furthermore, it has also enhanced its security measures with Pre-TX protection against the threat of hackers.
The announcement by BonkBot in an X post also revealed that the users will be in full control of the transactions. There will be 2FA verification to protect SOL withdrawal, private key export, and, optionally, token whitelisting. In the future, face ID and passkey will also be included to enhance security.
our next-gen Key Management System (KMS) is the most advanced, secure and performant system of its kind – built entirely in-house.
it's an insane feat of engineering that's almost entirely abstracted behind BONKbot's clean, user-friendly UI.
here's how it works:…
— BONKbot (@bonkbot_io) October 9, 2024
BonkBot to transition towards a seed phrase wallet model
The seed phrase wallet model will allow the users to access the multi wallets with a single phrase without the need for a different passkey.