398 days ago • cryptodaily
OKX Wallet is First in Web3 to Utilize Leading-Edge MPC Technology Together With Support of 37 Blockchains
Victoria, Seychelles, April 4th, 2023, ChainwireWallet upgrade also includes first-of-its-kind independent 'Emergency Escape' 2/3 asset recovery featureOKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today upgraded itsOKX Walletto become the first Web3 wallet to utilize leading-edge multi-party computation (MPC) technology in combination with its support of an industry-best 37 blockchains.In addition, the wallet upgrade also includes a first-of-its-kind asset recovery feature, called independent 'Emergency Escape.' The independent Emergency Escape feature is unique in the market because it allows 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.MPC technology eliminates 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. The upgrade adds to the existing features of the leading OKX Wallet, which is a decentralized, multi-chain wallet that allows users to take custody of their own crypto, trade NFTs, access DeFi protocols, and explore thousands of DApps.OKX Chief Marketing Officer Haider Rafique said: “This milestone signifies the beginning of a future where crypto wallets are more accessible, interoperable, and ubiquitous while being safe and secure. Those accustomed to the fast-paced, decentralized Web3 world often must choose between agility and security when it comes to the wallet experience. OKX Wallet, now upgraded with MPC technology, gives users the best of both. OKX hopes to accelerate the growth of Web3 and spur mainstream adoption by delivering user-friendly experiences that keep users and their assets safe.”OKX Head of Web3 Product Nate Zou said: “The philosophy of Web3 centers around self-custody, which empowers individuals to take control of their financial future. However, removing intermediaries from the equation also means assuming greater responsibility for securing one's on-chain property, including digital artwork and crypto. Our overarching goal is to democratize access to Web3, enabling everyone to leverage the potential of crypto. By utilizing MPC technology in the OKX Wallet, we have made it even simpler for users to protect their assets and participate in the Web3 economy of the future.”Discover more about OKX Wallethere.About OKXOKX is a world-leading technology company building the future of Web3. Known as one of the fastest and most reliable crypto trading platforms for investors and professional traders everywhere, OKX’s crypto exchange is the second largest globally by trading volume and is trusted by more than 50 million users.OKX’s leading self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi and thousands of dApps.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, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo.OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.To learn more about OKX, download our app or visit:[email protected]
2392 days ago • cryptodaily
UNICEF Considering Its Own ICO
No goal is more noble than helping the children in need around the world. Children bear the brunt of conflict, climate phenomena and poverty. They are also the future of human kind, so making sure they have all the resources needed to succeed, is probably the best way there is to build a better future. However, aid delivery to this highly vulnerable yet crucial segment of the world population, is mired in corruption, political strife and the interests of greedy parties. Fortunately, the world of cryptocurrency can offer a solution, and UNICEF, the UN body in charge of delivering aid to children, is jumping on the cryptocurrency bandwagon.
UNICEF Ventures and Smart Contracts
Besides the transparency that cryptocurrencies bring to international aid endeavors, they can also reduce the cost of aid delivery and can help the efforts be more practical. In a world in which internet access is becoming ubiquitous, it makes sense for an agency like UNICEF to consider cryptocurrencies, especially of they have smart contracts to back them up. This is precisely what UNICEF Ventures is interested in.
Singularity Hub
[https://singularityhub.com/2017/09/03/the-united-nations-and-the-ethereum-blockchain/?utm_content=buffer3465c&utm_medium=social&utm_source=googleplus-su&utm_campaign=buffer]
recently reported that this branch, which is “dedicated to improving the organization’s ability to move funds”, is considering the technology.
UN Aid Agencies Paving the Way for UNICEF
The same article on Singularity Hub shows how other UN aid agencies are already using cryptocurrencies and smart contract platforms to deliver aid to those in need. The article sustains that the UN’s World Food Program already delivered Ethereum-powered food vouchers to Syrian refugees in Jordan.
These vouchers help the UN with the following:
They keep aid delivery costs low because less personnel are required to deliver the aid.
Improves transparency, because aid can be verifiably delivered to the people in need.
Reduces corruption, because no one can ‘massage numbers’ on a public, open blockchain.
Children Could Benefit Twice from Cryptocurrency-Powered Aid Delivery
In the case of UNICEF, there might be some additional benefits to delivering cryptocurrency-powered aid to children. Most children in need of aid have poor access to education. Some of them have no access to formal education for long periods of time, which perpetuates poverty. If children get aid in the form of cryptocurrency, or on the back of a smart contract, it gives UNICEF a unique opportunity to educate them about this new technology. This can spark their imagination in many ways, and can at least show them a skill that can become critical in the future.
UNICEF’s Unique Opportunity
Therefore, if UNICEF launches its own ICO, and it structures it properly, it could multiply the benefits it delivers to the children it takes care of. There is no doubt that this effort would require a deep-rooted change in the way the organization works and a change in its relationship with its donors, but this is a great opportunity that UNICEF should take advantage of. ICO markets are hot, and UNICEF might find a new crop of donors among philanthropic cryptocurrency enthusiasts, who would like to see a brighter future ahead, for those on which the future of the world depends.
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2392 days ago • cryptodaily
UNICEF Considering Its Own ICO
No goal is more noble than helping the children in need around the world. Children bear the brunt of conflict, climate phenomena and poverty. They are also the future of human kind, so making sure they have all the resources needed to succeed, is probably the best way there is to build a better future. However, aid delivery to this highly vulnerable yet crucial segment of the world population, is mired in corruption, political strife and the interests of greedy parties. Fortunately, the world of cryptocurrency can offer a solution, and UNICEF, the UN body in charge of delivering aid to children, is jumping on the cryptocurrency bandwagon.
UNICEF Ventures and Smart Contracts
Besides the transparency that cryptocurrencies bring to international aid endeavors, they can also reduce the cost of aid delivery and can help the efforts be more practical. In a world in which internet access is becoming ubiquitous, it makes sense for an agency like UNICEF to consider cryptocurrencies, especially of they have smart contracts to back them up. This is precisely what UNICEF Ventures is interested in.
Singularity Hub
[https://singularityhub.com/2017/09/03/the-united-nations-and-the-ethereum-blockchain/?utm_content=buffer3465c&utm_medium=social&utm_source=googleplus-su&utm_campaign=buffer]
recently reported that this branch, which is “dedicated to improving the organization’s ability to move funds”, is considering the technology.
UN Aid Agencies Paving the Way for UNICEF
The same article on Singularity Hub shows how other UN aid agencies are already using cryptocurrencies and smart contract platforms to deliver aid to those in need. The article sustains that the UN’s World Food Program already delivered Ethereum-powered food vouchers to Syrian refugees in Jordan.
These vouchers help the UN with the following:
They keep aid delivery costs low because less personnel are required to deliver the aid.
Improves transparency, because aid can be verifiably delivered to the people in need.
Reduces corruption, because no one can ‘massage numbers’ on a public, open blockchain.
Children Could Benefit Twice from Cryptocurrency-Powered Aid Delivery
In the case of UNICEF, there might be some additional benefits to delivering cryptocurrency-powered aid to children. Most children in need of aid have poor access to education. Some of them have no access to formal education for long periods of time, which perpetuates poverty. If children get aid in the form of cryptocurrency, or on the back of a smart contract, it gives UNICEF a unique opportunity to educate them about this new technology. This can spark their imagination in many ways, and can at least show them a skill that can become critical in the future.
UNICEF’s Unique Opportunity
Therefore, if UNICEF launches its own ICO, and it structures it properly, it could multiply the benefits it delivers to the children it takes care of. There is no doubt that this effort would require a deep-rooted change in the way the organization works and a change in its relationship with its donors, but this is a great opportunity that UNICEF should take advantage of. ICO markets are hot, and UNICEF might find a new crop of donors among philanthropic cryptocurrency enthusiasts, who would like to see a brighter future ahead, for those on which the future of the world depends.
You love crypto & eSports? We want to get to know you.
Please join us here: https://facebook.com/esportsdotcom/
Telegram: t.me/esportsERT