VeChain Foundation Launches Decentralized Self-Managed Plug-in Wallet VeWorld

On February 21, the VeChain Foundation launched VeWorld, a decentralized self-hosted plug-in wallet based on Chrome browser. The mobile and desktop versions will be launched in the third quarter of 2023.

VeChain Foundation Launches Decentralized Self-Managed Plug-in Wallet VeWorld

Interpretation of this information:

The VeChain Foundation, a blockchain platform designed to enhance supply chain management, recently announced VeWorld, their latest product release. VeWorld is a decentralized self-hosted plugin wallet, which is based on the Google Chrome browser. As a self-hosted wallet, it offers storage for cryptocurrencies, enabling users to view transaction history and send/receive money. A decentralized platform means that the VeChain Foundation is not responsible for the management or control of user funds; thus ensuring that users have complete control over their assets.

VeWorld offers an added level of security for its users by allowing protection through the use of a passphrase. This security feature requires users to create a unique phrase that only they know, preventing unauthorized access to their accounts. Another significant benefit of VeWorld is that it offers support for VeChain’s native VET tokens, as well as other digital currencies such as BTC, ETH, and ERC-20 tokens.

While still in its initial stage, VeWorld is expected to launch on mobile and desktop devices in the third quarter of 2023. The new features of the platform are anticipated to provide users with easier access to their digital assets and transaction records. Additionally, it will enable users to conduct transactions with increased confidence, thanks to the improved security measures in place.

In conclusion, the VeChain Foundation has made a significant stride in the production of VeWorld by launching a decentralized self-hosted plug-in wallet based on Chrome browser. VeWorld provides users with a secure way of storing, receiving, and sending various cryptocurrencies, including VeChain’s VET tokens. The platform’s features include support for multiple digital currencies and a passphrase as a security measure. With the mobile and desktop versions of the VeWorld plugin wallet set to launch in 2023, users can expect enhanced security and more accessibility to their digital assets.

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