HONG KONG SAR – Media OutReach – 14 April 2023 – With Hong Kong holding the Web3 Pageant this week consistent with its objective to change into the hub of digital belongings, the town is full of all types of actions and industrial gamers from each Web2 and Web3. Portkey, the primary Contract Account (CA) pockets from aelf’s system, has been participating with totally different events to current its worth and potential emigrate Web2 customers, builders and initiatives into Web3.
To this point, Portkey has attended a string of occasions with subjects starting from blockchain scalability, Web3 infrastructure, safety, privateness, to the following huge development for Web3, and many others. Apart from shedding lights on the above subjects, Portkey struck the viewers most with its capabilities in three facets: how Portkey has made crypto pockets user-friendly, safe and low-cost, how Portkey allows builders and initiatives to simply onboard Web3 and the way Portkey ensures totally decentralized possession with its DID design.
CA pockets: user-friendly, safe and zero-fee
A crypto pockets is significant for storing digital consumer identities and different belongings. But, the prevailing wallets’ customers undergo from usability points, excessive transaction charges and restricted compatibility with numerous blockchains.
A sensible contract pockets, like Portkey, makes it straightforward for customers to log in with out utilizing seed phrases, that are mnemonics used as a safety measure for many conventional wallets. It additionally makes the pockets able to social restoration and potential to be totally decentralized, which is assured by verifiers and guardians. Furthermore, Portkey requires zero charges for account creation with a novel delegation mechanism. It additionally helps inter-operation with a number of chains.
For builders desirous to transition their Web2 initiatives to Web3 ones in addition to to construct a Web3 mission from scratch, additionally it is difficult given the shortage of standardized instruments and infrastructure to attach their purposes with Web3 APIs and good contracts.
Portkey supplies two SDKs — the Portkey DID SDK, and the Portkey DID UI SDK — to allow builders to rapidly embed Web3 wallets into their purposes and connect with Web3.
Portkey’s DID answer
One factor that actually differentiates Web2 from Web3 is decentralized possession. In gentle of the centralized disaster attributable to among the largest names in Web3, customers at the moment are involved about whether or not Web3 can stay as much as its decentralization promise.
Portkey addresses these issues by designing DID answer with two key roles: guardians and verifiers. Verifiers validate customers’ pockets actions whereas guardians signal these to make sure Portkey stays totally decentralized. This strategy additionally makes Portkey socially recoverable.
All through the week in Hong Kong, Portkey has shared its important capabilities with key business gamers, together with DApp builders, digital belongings creators, infrastructure builders, and many others. Portkey acquired optimistic suggestions and gained recognition as a CA pockets with a strong potential to steer the migration from Web2 to Web3.
Portkey additionally walked away with a reward from the Web3 Hackathon at The College of Hong Kong that includes the subject of “Into the Socialverse”, given the way it might help construct the socialverse with the above capabilities.
“We’re thrilled to see the overwhelming response to Portkey in Hong Kong. We’ll proceed to supply a user- and developer-friendly Web3 pockets to spur the event of the digital belongings market, Web3 and past,” stated Steven, CTO of Portkey.
Portkey is the primary CA pockets from aelf’s ecosystem, migrating Web2 customers and builders into Web3 with DID answer.
Customers can swiftly log into Portkey by way of their Web2 social information with no non-public keys or mnemonics required. Underpinned by the social restoration and decentralized verifier design, Portkey safeguards customers’ belongings from centralized management and theft. Portkey additionally generates almost zero charges for account creation and consumer utilization with superior delegation mechanism.
Portkey supplies crypto on/off-ramp providers, permitting customers to alternate fiat with crypto freely. It helps the storage and administration of varied digital belongings equivalent to tokens, NFTs, and many others. The compatibility with multi-chains and seamless connection to all types of DApps makes Portkey an effective way to enter the world of Web3.
aelf is a high-performance blockchain designed to assist the event of Web3 and its explosion within the subsequent 5 to 10 years. Constructed on cloud computing, aelf has a distributed community of nodes on numerous cloud knowledge facilities. A number of instruments like browser extensions, aelf blockchain explorer, pockets App, and SDKs have been constructed and open-sourced so builders can simply construct and contribute to aelf ecosystem.
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