Security Meets Simplicity With Wire Network’s Innovative Wallet MegaMask
- MegaMask aims to redefine the standard for cross-chain interoperability and asset transfers
- The wallet allows users to easily store, display and transfer NFTs, cryptocurrencies, and other digital assets from various blockchains
MegaMask is a new decentralized universal wallet that enables cross-chain asset visibility and control, along with simplified self-custody, privacy, and advanced social features, Bankless Times learned from a press release.
MegaMask to debut at CoinAgenda
Speaking at CoinAgenda, the CEO of Wire Network, Ken DiCross, announced the launch of MegaMask, an innovative crypto wallet that aims to redefine the standard for cross-chain interoperability and asset transfers.
The wallet allows users to easily store, display and transfer NFTs, cryptocurrencies, and other digital assets from various blockchains in one wallet. To do this, Megamask leverages Wire Network’s new Universal Polymorphic Address Protocol (UPAP) enables cross-chain transactions without requiring a traditional bridge. Ken Dicross said:
This is a major pivot point in blockchain technology as we step away from the vulnerable fragmentation of traditional crypto architecture.
Leveraging the full potential of web3
Similar to other mainstream crypto wallets, MegaMask allows users to leverage the full potential of web 3.0 technology while preserving some of the same ease of use we have come to expect from web 2.0 applications. Wire Network CTO Kyle Dolan said:
It was challenging but we were able to maintain the tight security protocols demanded by web 3 users while offering a web 2 style onboarding experience for new users.
While most mainstream wallets allow you to transact with crypto assets stored on the Ethereum network (or other ERC-20 tokens) MegaMask will allow you to view, transfer, or trade assets on any modern blockchain using a mobile app, a web app, or a browser extension. Dolan added:
This innovation is only made possible by our breakthrough protocols which we expect will be adopted by the entire industry.
Megamask’s additional feature set will include decentralized RPC through Peer-to-Peer self-validation, Nameservice registration, and private messaging between followers.
CoinAgenda is a world-leading series of global conferences, first launched in 2014. It links professional traders, investors, digital currency funds, and family offices with top entrepreneurs in web3, crypto, and blockchain.
The event allows all attendees to meet the leading investors, entrepreneurs and thought leaders in the industry. No investor conference series in blockchain is more exclusive than CoinAgenda.
About Wire Network
Wire Network is an L1, NFT-first, third-generation blockchain focused on gaming, scalability, performance, interoperability, and security. Wire Network’s flagship interoperability technology is UPAP (Universal Polymorphic Address Protocol).
Wire Network was developed by a team of security and crypto experts. Its Wire Nodes are available as NFTs, which let buyers access token rewards, governance, premium membership, and network resources exclusive to Wire Network.
Another flagship product by Wire Network is MegaMask, a universal next-generation wallet using cutting-edge blockchain innovation. It will use Wire Network's UPAP, a decentralized interoperability integration that gives all blockchain assets seamless support.