Vanity Global developed a blockchain-based technology to provide a personalized experience in crypto. It generates a prefix that is no more than 11 characters long for each crypto wallet.
Per the announcement:
“An ordinary address consists of random letters and numbers, for example 0x0xb1c7f…, which can lead to stressful operations while sending funds to and from an Exchange/wallet due to countless double checks.”
The report also included:
“Vanity offers a real solution to this problem by giving crypto users a way to customize their wallet address, like 0xC0DE911.., and instantly recognize it as their own, simplifying the process of making a transaction.”
The anxiety that crypto wallets can lose funds is often triggered by the long characters. Vanity, a blockchain solution company, seeks to alleviate this anxiety by providing a new layer of security and peace-of-mind to crypto investors via the new solution. According to the report:
“While generating an address with Vanity two pieces are required to be merged in order to generate the custom wallet private key, which is the “password” that is used to import and interact with the wallet.”
Vanity renders the user-end generation of crypto wallets serverless since they all contain an address, private and public keys.
As a result, a new key pair is produced, whereby the split key generation is made possible by Vanity’s high computing power and the public key.
“At this point, the customer has everything needed to create the private key of the desired address and using again user-end generation, it only requires pasting the Vanity Key saved and clicking one button to generate the final Vanity address private key.”
Samsung also announced that the flagship phone Galaxy S22 Ultra will be equipped with a cryptocurrency wallet. Users will be able to store their ID documents and keys digitally. Blockchain.News reported.