VeChain Foundation Launches VeWorld, a Decentralized Self-Hosted Plug-in Wallet
On February 21, the VeChain Foundation launched VeWorld, a decentralized self-hosted plug-in wallet based on Chrome browser. The mobile and desktop versions wi…
On February 21, the VeChain Foundation launched VeWorld, a decentralized self-hosted plug-in wallet based on Chrome browser. The mobile and desktop versions will be launched in the third quarter of 2023.
VeChain Foundation Launches Decentralized Self-Managed Plug-in Wallet VeWorld
Interpretation of the news:
The VeChain Foundation, a non-profit organization that is developing blockchain-related technologies, has recently unveiled “VeWorld,” a decentralized self-hosted plug-in wallet that mainly operates on the Chrome browser. The plug-in will allow for easier and faster access to the VeChain ecosystem, according to the foundation’s announcement on February 21.
VeWorld aims to take away the need for third-party wallets and other unfavorable tools that might impact the privacy of users’ information. With VeWorld, users will be able to manage and store their digital assets securely and with complete control over the private keys while also participating in the VeChain ecosystem.
The Chrome-based decentralized wallet also allows users to manage multiple tasks with its simple and user-friendly interface, including sending and receiving VET and VTHO, browsing DApps, and monitoring digital assets’ market activity.
The VeChain Foundation’s move towards decentralization and self-hosting is also in line with the broader blockchain trend towards removing intermediaries and giving users more control over their digital assets. This is particularly important in the current climate where hacking attacks and other threats have become more rampant in the blockchain space.
Although the wallet is still in its early stages of development, it already boasts a library of user-friendly tools to ensure a seamless user experience. The mobile and desktop versions of VeWorld are scheduled to launch in the third quarter of 2023, giving users more options on how they can access the wallet’s web3 functionality.
In conclusion, VeChain Foundation’s VeWorld is expected to be another step towards a decentralized future for blockchain users. It aims to provide seamless access to VeChain’s blockchain ecosystem for users worldwide by ensuring security, privacy, and user control. The wallet’s self-hosting infrastructure enables users to have full control of their digital assets and be protected from vulnerabilities that could come from third-party wallets.
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