Flash News: OKX Wallet Introduces Multi-Party Computation Powered Security Feature on Web Extension – Benzinga

SINGAPORE, Aug. 22, 2023 (GLOBE NEWSWIRE) — OKX, a leading Web3 technology company, has issued updates for the day of August 22, 2023.

OKX Wallet Introduces Multi-Party Computation Powered Security Feature on Web Extension

OKX has announced that its multi-party computation (MPC) powered security feature is now available on OKX Wallet‘s web extension, eliminating the need for traditional written down keys and seed phrases by splitting a user’s private key into three parts, greatly improving security and eliminating a single point of failure. Users can install OKX Wallet’s web extension on both Google Chrome and Firefox.

A first-of-its-kind asset recovery feature, called independent ‘Emergency Escape,’ is now also available on OKX Wallet’s web extension, enabling users to recover access to their assets without the involvement of OKX. To recover access in an emergency situation, users will need two of three (a.k.a. 2/3) access credentials: a device, a cloud backup or an OKX account login.

Available to users – on both web and mobile – since April 3, 2023, OKX Wallet is the first Web3 wallet to utilize MPC technology across 37 blockchains. OKX is also one of the first wallets in Web3 with multi-chain account abstraction support, enabling users to pay for transactions on multiple blockchains using USDC or USDT.

OKX Wallet is a universal crypto wallet available on multiple platforms and interfaces, including app, web and web extension. It enables users access to 3,000+ cryptocurrencies, 60+ networks, thousands of DApps and a one-stop decentralized NFT Marketplace.

For more information, please visit the Support Center.

For further information, please contact:

Media@okx.com

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

• OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 50 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases
• DEX: A cross-chain decentralized exchange which aggregates nearly 200 other DEXs, with 200,000+ coins on more than 10 blockchains available.
• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
• Web3 DeFi: A powerful DeFi platform that supports earning and staking on 80 protocols across 15 chains.

OKX partners with a number of the world’s top brands and athletes, including: English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology to replace existing centralized systems.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

The information displayed is strictly for educational and informational purposes only. It does not constitute and shall not be considered as an offer, solicitation or recommendation, to deal in any products (including any NFT or otherwise), or as financial or investment advice. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.