Since the addition of the cryptograph to the newest Galaxy S10, the South Korean electronics maker Samsung, along with Elron and Benson Oak Ventures, has become one of the investors in the new cryptograph of ZenGo.
After attracting an amount of $ 4 million from several investors, a new cryptographic card with a simple and easy-to-use interface is already preparing for launch.
What is the difference between a new wallet and other solutions on the market?
First of all, it includes a unique cryptographic protocol, which makes the process of recording a private key and its secure storage unnecessary, which is very convenient for the average user.
In addition, this wallet protection technology uses threshold signatures or multi-signatures, so several parties must initiate cryptotransaction .
The good news is that instead of using the traditional private key, the message is signed by the public key and several secret parts owned by the parties involved.
All of the above processes go through the backend, while users only need to scan their face for transaction approval.
Speaking about the new product, CEO Ouriel Ohayon remarked:
“Sending a cryptocurrency is like sending a message … something very human, and I wanted to simplify this process. When I learned about cryptocurrencies , I was shocked at how prehistoric solutions were used … even among the best of the best. ”
Responding to concerns that the ZenGo server would shut down, the top manager spoke about his plans to hire a trustee who would launch the share recovery process and allow ZenGo users to continue using it.
At the moment, ZenGo is in beta, the date of public launch will take place at the "most opportune moment" for successful competition on the crypto market.
Publication date 04/19/2019
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