blockchainreporter.net
OKX, known as the 2nd-biggest crypto exchange in terms of trading volume has recently upgraded the OKX Wallet. The product has become the initial Web3-based wallet that uses the latest multi-party computation (MPC) technology. Along with this, it also supports the top thirty-seven blockchain companies across the industry.
OKX Wallet Incorporates MPC Technology and Compatibility with 37 Blockchains
Moreover, the new upgrade of the wallet also takes into account a feature related to the recovery of assets. The feature named independent “Emergency Escape” is exclusive in the market as it permits the clients to redeem access to the assets in their possession without OKX’s involvement. To utilize this option when needed, the consumers will require 2 of 3 access credentials. These include a device, an account log in on OKX, or a cloud backup.
With the MPC technology, there is no requirement for conventional seed phrases and keys. This technology splits the private key of the customer into 3 parts. In this way, it greatly enhances security along with eradicating a sole vulnerability. Furthermore, the upgrade adds more to the present features of the well-known OKX Wallet.
