The new crypto-wallet, offering a simple and easy-to-use interface, is preparing to launch after receiving funding in the amount of $ 4 million from several investors.
A new startup has just raised an impressive $ 4 million in an investment round from several investors, including Samsung, Elron and Benson Oak Ventures.
One of the largest investors was Samsung, the South Korean electronics manufacturer. It is showing an increasing interest in cryptocurrency. After adding a crypto-wallet to their newest Galaxy S10, the tech giant has reportedly become one of the investors for the new ZenGo crypto-wallet.
Interesting in the section: Overview of wallets for storing cryptocurrency
ZenGo boasts a unique cryptographic protocol that makes it unnecessary to write down a secret key and keep it safe. Thus, even the average user can easily use ZenGo.
In addition, this technology uses threshold signatures or multi-signatures to protect the wallet, which requires several parties to initiate a crypto-transactions.
However, the good news is that instead of using the traditional private key, the message is signed by the public key and several secret shares held by the parties involved.
The launch of a new ZenGo crypto-wallet collects an investment of $ 4 million. Speaking of a new product, the CEO of Ouriel Ohayon said: "Sending crypto is like sending a message. This is very personal, and I wanted to make this process safer and less risk."
Editor: Yuliya Soroka