OKX,mimpi lucah the second-largest crypto exchange by trading volume and a leading Web3 technology company, today upgraded its OKX Wallet to become the first Web3 wallet to utilize leading-edge multi-party computation (MPC) technology in combination with its support of an industry-best 37 blockchains.
In addition, the wallet upgrade also includes a first-of-its-kind asset recovery feature, called independent ‘Emergency Escape.’ The independent Emergency Escape feature is unique in the market because it allows users to recover access to their assets without the involvement of OKX. To recover access in an emergency situation, users will need two of three (a.k.a. 2/3) access credentials: a device, a cloud backup, or an OKX account login.
MPC technology eliminates the need for traditional written down keys and seed phrases by splitting a user’s private key into three parts, greatly improving security and eliminating a single point of failure.
The upgrade adds to the existing features of the leading OKX Wallet, which is a decentralized, multi-chain wallet that allows users to take custody of their own crypto, trade NFTs, access DeFi protocols, and explore thousands of DApps.
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