FoxWallet on OKC Coming Soon!
We’re happy to announce that FoxWallet, a safe and easy-to-use decentralized Web3 wallet dedicated to creating an entrance and connection to the Web3 world, will join OKC’s ecosystem and are committed to making it a professional Web 3 tool that’s safe, reliable, versatile, and user-friendly.
Why is FoxWallet safe and reliable?
First, from a design perspective, FoxWallet follows general standards such as BIP-32, SLIP-0044, and BIP-44. While supporting multiple chains and several sets of mnemonics and compatibility with other wallets regarding mnemonics and addresses, it allows users to use one set of seed phrases for several accounts. The address derivation principle is mnemonics => different derived private keys based on the chain and account number => different public keys and addresses computed with different private keys. Under this logic, every address is relatively independent.
Second, as a decentralized wallet, the mnemonics and private keys of FoxWallet are stored locally, instead of being uploaded to the server, which has enhanced the security of the wallet. Users control their assets and keep their private keys and seed phrases, lowering the risk of theft. In addition, FoxWallet is the only audited mobile wallet that the Filecoin Foundation recommends.
FoxWallet is a crypto wallet which provide Ethereum and Filecoin transfer/receive support. And the Web3 browser in FoxWallet supports integration with Ethereum so users can login some DApps directly. Their goal is to serve as a better choice for the entrance to the Web3 world and will support OKC in the next few weeks.
FoxWallet is a decentralized mobile wallet, also known as a Self-Custody Wallet. In other words, both the private key and seed phases will be stored locally rather than uploaded to the server. Its seed phase implements such general standards as BIP-32 and SLIP-0044, allowing wallets to support multiple blockchains (Filecoin and Ethereum for now) and achieve compatibility with other wallets (e.g., Metamask and imToken) regarding address and seed phases. Unlike other wallets, we aim to keep supporting novel blockchain projects with mining features, including hardware mining and staking mining, providing users with a safe and stable mobile wallet experience and mining-related tech services.
Learn More About FoxWallet:
OKC (OKXChain) is a fast, high-performance, open-source smart contract platform backed by OKX to land large-scale digital assets and Dapps.