Introduction Btok Wallet is a non-custodial, decentralized WEB3 wallet that integrates security and ease of use. It is the most reliable and secure encryption wallet.
What is Btok Wallet?
Btok Wallet is a non-custodial, decentralized WEB3 wallet that integrates security and ease of use, making it the most reliable and secure encryption wallet.
If it's okay to play around, if you really want to put funds in, it's safer to put it on some larger exchanges. For example, platforms such as Oyi, Binance, and Huobi. I really don’t worry about putting it in a cold wallet.
According to ForesightNews, the Web3 social platform Btok announced a comprehensive strategic upgrade and launched the decentralized wallet BtokWallet and the social aggregation trading platform BtokSwap based on the original social network. Btok said that the newly launched BtokWallet is a non-custodial, decentralized Web3 wallet that is easy to use and can log in to the VSS algorithm, multi-encryption, and multi-verification protocols without the need to back up mnemonic words. BtokSwap provides a one-stop decentralized cryptocurrency trading solution through Web3 social aggregation trading. Users only need to connect the wallet and use the aggregate transaction function in any group of Btok to achieve quick token search and one-click transactions. Btok is a blockchain social network that integrates community, social interaction, decentralized digital identity (DID), centralized wallet, aggregated transactions, red envelope airdrops, and information.
Advantages of Btok wallet:
1. Ease of use
You can log in easily without backing up your mnemonic phrase, taking into account security and efficiency. The local security environment is encrypted by the VSS algorithm, which is safe and leak-proof. You only need to remember the password in your brain. Even if you forget the mnemonic phrase or change the device, your encrypted assets will not be lost.
2. Ultimate security
All data is encrypted and stored, and the security of user wallets is enhanced through secondary verification and signature confirmation mechanisms. The encryption key only exists in your brain, and the mnemonic phrase is encrypted and stored in the local KeyStore. Btok wallet will never store your password or private key, and will never send your mnemonic phrase, password or private key anywhere.
3. Unique password destruction mechanism
The user's password only exists in the user's mind, and the wallet will automatically destroy all traces of the password.
4. 100% asset control
Your wallet belongs only to you, only you have access to your assets, and you have full control over your assets.
What you need to do:
1. Remember your password: Set a strong wallet password and keep it properly. Losing them means permanent loss of assets; decentralized wallets do not store your wallet password and there is no way to retrieve it;
2. Use the Btok official app: Download from the Btok official channel. Be extra careful when downloading new software (do not search through Baidu, the results will be unofficial apps.)
The security principle of Btok
1. Decentralization: Users are the true holders of digital currency. The platform will not store your password, mnemonic phrase or private key, and will never send your mnemonic phrase or private key to any server.
2. Hard to lose: Remembering the password means you have complete control over your assets, avoiding the loss of assets caused by forgetting the mnemonic phrase.
3. Leave no traces: After the password is used, all traces will be erased immediately, even the memory space will not be retained.
FAQ:
1. What is a non-custodial wallet?
Btok Wallet Non-custodial wallet means: 1) Only you can access your assets (not BTOK or anyone else); 2) No one can prevent you from accessing them (not even BTOK). In comparison, a custodial wallet is like a traditional bank that holds your assets and (in the worst case scenario) can lock you out at any time.
2. What is the VSS algorithm?
VSS algorithm: An improvement of Shamir key sharing, the Feldman-vss key sharing algorithm is verifiable secret sharing (VSS)
3. What is a guard code?
The guard code is generated on the local device through VSS and AES256 encryption algorithms (the key only exists in your brain), and is backed up in the cloud after being signed on the local device with your private key. The guard code can help you recover the mnemonic phrase through password.
4. What is the password used for?
The password is the only credential for recovering the wallet. The password only exists in your brain. If lost, your wallet cannot be recovered.
5.What is a guard code?
The guard code is generated on the local device through the VSS and AES256 encryption algorithms to assist you in recovering the mnemonic phrase through the password; the guard code is backed up in the cloud after multiple security encryptions.
6. How is the guard code generated?
The guard code is generated through VSS and AES256 encryption algorithms. All encryption keys are only related to the password in your brain; the guard code generates a signature in the local device through your private key, which is used to verify the correctness of the guard code.
7. How is the guard code saved?
The encrypted guard code and the signature value are safely backed up in the cloud server. The cloud server has multiple security protections and multiple backups. Even if the guard code is leaked, it cannot be decrypted. Obtaining the guard code requires multiple verifications to avoid the risk of credential stuffing, library dragging, and leakage. Only you can obtain and decode it for use;
8. How to obtain the guard code?
(1) Preliminary verification by verifying the email verification code;
(2) After hashing the password in your brain, use the public and private key algorithm to generate a random signature value. Only after successful cloud signature verification can you obtain the encrypted guard code;
(3) Only after decrypting the hash value of the password in the brain can the decrypted guard code used to recover the mnemonic phrase be obtained.
9. How to restore wallet?
(1) Obtain the decrypted guard code and signature value;
(2) Use the password in your brain, the last three digits of the address and the guard code to calculate the mnemonic phrase through an algorithm;
(3) Use the signature value to verify the correctness of the mnemonic phrase
10. How to store it locally?
Exactly like other decentralized wallets, it is encrypted and stored in the keystore file.
11. In what environment is the calculation performed?
In a local off-network secure environment.
12. I entered the wrong address, can I still get my money back?
We are very sorry, but due to the characteristics of the blockchain, once the transfer is successful, it cannot be canceled or withdrawn.
This site reminds: Investment is risky, so you must be cautious when entering the market. This content is not intended as investment and financial management advice.
