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What is BlockWallet and how does it ensure privacy in Ethereum transactions?
BlockWallet is a non-custodial Ethereum browser extension wallet that allows users to interact with privacy smart contracts on Ethereum. It enables the hiding of cryptocurrency amounts and origins in a decentralized, non-custodial, and frictionless manner.
When a user wants to make a withdrawal, BlockWallet generates a new wallet address with the requested amount of crypto. This address is created from a smart contract where all funds are pooled. Cryptographic proofs are used to ensure that the user cannot be linked with the original depositing address.
Answers
What Is BlockWallet (BLANK)?
BlockWallet is a private, non-custodial browser wallet.
To learn more about this project, check out our deep dive of BlockWallet.
The project has been in stealth development mode since November 2020. According to the team behind it, "BlockWallet fights both friction and centralization" and will help protect its users right to privacy.
BlockWallet handles all crypto transactions in a confidential manner. It creates a new wallet address with the required amount of crypto whenever a user decides to withdraw funds.
The launch of BlockWallets utility token BLANK is expected to ensure the liquidity of the platform and secure its place in the decentralized finance (DeFi) space.
Who Are the Founders of BlockWallet?
Aleksandras Gaška is the CEO and founder of BlockWallet. As of March 2021, Gaška also serves as an operations advisor at Mintlayer. Before that, he was a business developer at carVertical, handled operations at Monetha and managed community relations at Mysterium.Network.
Iman Hossini is the CTO of BlockWallet. Hossini has been involved in the crypto space since 2016.
What Makes BlockWallet (BLANK) Unique?
BlockWallet uses smart contracts to ensure that only authorized owners can access and manage funds. All information about how the assets were deposited into the account is visible only to the wallet owner. There is an option to hide or show wallet balance to third-party users.
BlockWallet has no know your customer (KYC) procedures. Previous activity is not recorded, so every time a user needs to withdraw or send funds, they start from scratch.
BlockWallet also has a user-friendly browser extension, ensuring high efficiency and anonymity. BlockWallet has been an open-source project since the original public release.
How Many BlockWallet (BLANK) Coins Are There in Circulation?
BLANK is an Ethereum-based cryptocurrency token. It has a maximum supply of 125 million tokens and a circulating supply of 13,189,741 as of March 2021.
BLANK holders get reduced fees when using the Blank Wallet. The token can also be used in the wallets referral system, as a reward for liquidity providers and to gain access to exclusive features.
How Is the BlockWallet Network Secured?
BlockWallet is a non-custodial browser wallet with support for ERC-20 tokens.
Independent parties audit the wallets code, and audit reports are available to all users. Cryptocurrency security firm Hacken has audited BLANK tokens smart contract.
The team also has plans to launch a bug bounty program.
Where Can You Buy BlockWallet (BLANK)?
You can trade BLANK (BLANK) on the following exchanges:
- Uniswap (V2)
- PancakeSwap
- Hoo
- Bilaxy
- Gate.io
Read BYDFis detailed guide on how to buy Bitcoin and other cryptocurrencies.
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