I/ THE OLD SYSTEM
Centralized wallets have existed for quite a long time. They used do their job by helping users protect their cryptocurrencies. But along with the massive development of the internet, number of hackers have also increased not only in quantity but also in quality. As a result, the old assets management system has shown its weakness in protecting customers’ assets from the hackers. Now let’s get this show on the road with some stunning hacking statistics:
• There is a hacker attack every 39 seconds
• 300,000 new malware are created every day
• The cost of data breaches will increase to $2.1 trillion globally in 2019
• The cybersecurity budget is $14.98 billion in the US.
Bankrupt is also a huge concern to everyone as well. If they are gone, so does your assets. And yes, you cannot get it back.
“Why?” — You might ask.
Because the money you put in those centralized wallet was never truly yours. Sounds illogical but that’s how it works.
II/ THE SOLUTION
This threat does not last forever. Decentralized wallets and blockchain technology are the most satisfying solutions to this problem.
Among many decentralized wallets we can name them all in the market, S3 Wallet is a young speedy growing brand name in the game.
Its official launching event in the late of August in Bangkok, Thailand attracted many people from many countries around the world such as The U.S, Singapore, Philippines, South Korea, Malaysia, Vietnam, Indonesia,…
In this event, S3 Wallet was impressively launched with such highlights:
Fully Decentralized:
Unlike many other wallet that claim themselves to be “Decentralized” without evidences, S3 Wallet takes it with action by providing users with an application using private key, public key and pass phrase. As long as you still manage your keys, no one else can touch your assets.
Once the cryptocurrencies are in your wallet, it is truly yours.Most Secure:
By using customized blockchain technology, S3 Wallet guarantees your information’s privacy. All of your transactions are under your control. No one else can ever track your moves. Even the smallest change will require both side consensus to be applicable.
You are your own bank with S3 Wallet.Outstanding Swap function:
S3 Wallet provides you an outstanding feature: Swap Function, which allows you to exchange from one cryptocurrency to another instantly. This brings a huge benefit for users in terms of saving their precious time.
“All of these great features in one application. I am very much impressed. I’m eager to see more advanced features announcement in the near future”- A guest shared after the event.
Speedy growing, S3 Wallet has affirmed its position as the new rising star in the crypto world after the successful launching event in Bangkok, Thailand.
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