{"id":285001,"date":"2024-04-18T00:54:51","date_gmt":"2024-04-17T19:24:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=285001"},"modified":"2024-04-18T00:54:51","modified_gmt":"2024-04-17T19:24:51","slug":"kraken-launches-self-custodial-mobile-wallet-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/kraken-launches-self-custodial-mobile-wallet-crypto-news\/","title":{"rendered":"Kraken Launches Self-Custodial Mobile Wallet – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Kraken has expanded its product lineup by introducing the Kraken Wallet. Through this self-custodial mobile wallet, users can control their digital assets on eight crucial blockchain networks, such as <\/span>Bitcoin<\/span><\/a>, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. The wallet is designed to provide users with total power over their digital assets without forcing them to choose between convenience and security.<\/span><\/p>\n

The <\/span>Kraken Wallet<\/span><\/a> was created to facilitate different decentralized finance (DeFi) actions and manage non-fungible tokens (NFTs), becoming a multi-functional tool for interacting with the wider digital asset world. In addition, this initiative puts Kraken in league with other major exchanges that offer the same solutions but are different from them by being dedicated to open-source development.<\/span><\/p>\n

<\/p>\n

Kraken\u2019s Commitment to Security and Privacy<\/h2>\n

To increase the security of the Kraken Wallet, <\/span>Kraken <\/span><\/a>published its code on GitHub. This step makes the code available for review by developers around the world who could make it even better in the process of participation and, of course, who could identify and fix any vulnerabilities. Through the adoption of an open-source approach, Kraken increases the wallet\u2019s security and creates a sense of trust within the cryptocurrency community.<\/span><\/p>\n

Kraken\u2019s new wallet focuses on privacy as a central characteristic, prohibiting the collection of too much user information. The wallet does not need any sign-in information, email addresses, or <\/span>Know Your Customer<\/span><\/a> (KYC) data, and it also hides users\u2019 IP addresses. According to Kraken, internal app performance analytics are not even collected, as the company outlines the privacy of the traders.<\/span><\/p>\n

Technical Considerations and User Experience<\/strong><\/h2>\n

<\/p>\n

The Kraken Wallet, despite its fortified design, acts as a hot wallet because iOS\u2019s CryptoKit does not support the elliptic curve, secp256k1. This technical limitation requires the wallet to perform digital signing operations online, and they might expose private keys for a while but under a controlled setting. Kraken is aware of this problem and keeps working on solutions to improve security without sacrificing the user experience.<\/span><\/p>\n

<\/p>\n

Kraken spokesman pointed out: <\/span><\/p>\n

\n

\u201cAlthough we cannot sign directly in the secure elements, which would provide better protection, we have set a goal to deliver an open-source mobile <\/span>crypto wallet<\/span><\/a> that emphasizes security, transparency, and user control.\u201d <\/span><\/p>\n<\/blockquote>\n

<\/p>\n

This strategy exhibits Kraken\u2019s effort to strike a balance between security considerations and the operational aspects of running a user-friendly platform.<\/span><\/p>\n

Read Also:<\/b> Kenyan Authorities Confirm Nigeria\u2019s Extradition Talks For Runaway Binance Executive<\/span><\/a><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n <\/p>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Important Highlights from the Recent Fed Meeting <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"ChatGPT's<\/div>\n
ChatGPT\u2019s Next Big Upgrade: What You Need to Know <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"5<\/div>\n
5 Reasons behind Mega Bank\u2019s 2024 Ethereum Price Prediction <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Kraken has expanded its product lineup by introducing the Kraken Wallet. Through this self-custodial mobile wallet, users can control their digital assets on eight crucial blockchain networks, such as Bitcoin, Ethereum, Solana, Optimism, Base, Arbitrum, Polygon, and Dogecoin. The wallet is designed to provide users with total power over their digital assets without forcing them […]<\/p>\n","protected":false},"author":2,"featured_media":285002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-285001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=285001"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285001\/revisions"}],"predecessor-version":[{"id":285004,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/285001\/revisions\/285004"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/285002"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=285001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=285001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=285001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}