VeChain Foundation Launches VeWorld, a Decentralized Self-Hosted Plug-in Wallet Based on Chrome Browser

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

The VeChain Foundation has recently launched VeWorld, a decentralized self-hosted plug-in wallet based on the Chrome browser. This will provide users with an easy-to-use platform for storing, sending, and receiving cryptocurrencies with enhanced security features. It will be available for users on both mobile and desktop platforms in the third quarter of 2023. In this article, we will explore the features and benefits of VeWorld and how it can enhance the overall cryptocurrency experience for its users.

What is VeWorld?

VeWorld is a self-hosted plug-in wallet that offers decentralized security and ease-of-use for its users. It is based on the Chrome browser and offers a convenient web interface to store, send, and receive cryptocurrencies. The wallet offers enhanced security features, such as seed phrase backup and multisignature support, making it a reliable and secure option for users.

Features of VeWorld

Decentralized Security

VeWorld offers decentralized security features, allowing users to have full control over their cryptocurrencies. This means that users are the sole owner of their private keys, eliminating the need for any third-party involvement in managing their assets.

Seed Phrase Backup

The seed phrase backup feature of VeWorld ensures that users can recover their wallets in case of device loss or damage. Users can generate a unique seed phrase at the time of wallet creation, which can be used to recover the wallet on any other device.

Multisignature Support

VeWorld supports multisignature features, which provides an additional layer of security to the wallet. This feature requires multiple parties to approve each transaction, allowing for greater transparency and reducing the risk of unauthorized transactions.

Integration with Ledger and Trezor

VeWorld is integrated with two of the most popular hardware wallets, Ledger and Trezor. This integration provides an added layer of security and convenience to users who prefer hardware wallets.

Benefits of VeWorld

User-Friendly Interface

VeWorld offers a user-friendly interface that allows for easy navigation and wallet management. Users can access their wallet from any device with an internet connection, making it a convenient option for those who are always on the go.

Enhanced Security

VeWorld offers a high level of security, ensuring that users can confidently store, send, and receive cryptocurrencies without the fear of hacks or thefts.

Multisignature Support

The multisignature support feature of VeWorld provides an additional layer of security, making it a reliable option for businesses and institutions with complex cryptocurrency transactions.

Compatibility with Ledger and Trezor

The compatibility with hardware wallets, Ledger and Trezor, allows users to store their cryptocurrencies offline, providing the highest level of security.

Conclusion

VeChain Foundation’s new self-hosted plug-in wallet, VeWorld, is a reliable and convenient option for cryptocurrency enthusiasts. It offers an easy-to-use web interface and enhanced security features, ensuring that users have full control over their funds. Its multisignature support and compatibility with hardware wallets, Ledger and Trezor, make it a top choice for businesses and institutions. The VeWorld wallet is set to launch on mobile and desktop platforms in the third quarter of 2023, providing added convenience for its users.

FAQs

Q1: Will VeWorld support other cryptocurrencies besides VeChain?

A: Yes, VeWorld will support multiple cryptocurrencies besides VeChain.

Q2: How can I create a VeWorld wallet?

A: To create a VeWorld wallet, users can download the Chrome extension and follow the simple steps for wallet creation.

Q3: What are the transaction fees for using VeWorld?

A: The transaction fees for VeWorld are variable and depend on the network congestion at the time of transaction.