Concerns among users in the cryptocurrency market regarding on-chain privacy are driving technology developers to seek new solutions. In this context, COTI announced a significant step by integrating its own encryption technology into MyEtherWallet and the multi-chain Enkrypt wallet application.
Scope of the Partnership and Technical Improvements
COTI’s advanced encryption infrastructure will enable over 3 million active users on the MEW platform to perform private transfer transactions. Additionally, approximately 200,000 users within the Enkrypt wallet ecosystem will benefit from this technology. This integration ensures that transactions are conducted more securely and privately, while also providing an additional layer of protection with on-chain lock mechanisms.
An Initiative Aligned with Market Demand
The rising demand for privacy in blockchain transactions necessitates a redesign of user interfaces and experiences with a privacy-focused approach. The collaboration between COTI and MyEtherWallet aims to standardize privacy in the decentralized finance space and sets a new protocol example for the industry.
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Privacy Solution in Blockchain Transactions: COTI and MyEtherWallet's New Step
Concerns among users in the cryptocurrency market regarding on-chain privacy are driving technology developers to seek new solutions. In this context, COTI announced a significant step by integrating its own encryption technology into MyEtherWallet and the multi-chain Enkrypt wallet application.
Scope of the Partnership and Technical Improvements
COTI’s advanced encryption infrastructure will enable over 3 million active users on the MEW platform to perform private transfer transactions. Additionally, approximately 200,000 users within the Enkrypt wallet ecosystem will benefit from this technology. This integration ensures that transactions are conducted more securely and privately, while also providing an additional layer of protection with on-chain lock mechanisms.
An Initiative Aligned with Market Demand
The rising demand for privacy in blockchain transactions necessitates a redesign of user interfaces and experiences with a privacy-focused approach. The collaboration between COTI and MyEtherWallet aims to standardize privacy in the decentralized finance space and sets a new protocol example for the industry.