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January 5, 2024

All You Need To Know About Portkey

Integrate Portkey, aelf’s first AA wallet, at zero fees now!

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What is Portkey?

Portkey, aelf blockchain’s first Account Abstraction (AA) wallet, redefines digital asset management with its secure and user-friendly approach. Leveraging aelf’s top-notch technology known for scalability, low gas fees, and robust smart contracts, Portkey stands as a versatile gateway to Web3. The wallet introduces innovative features, including familiar Web2 logins, social recovery through Account Abstraction, and compatibility with various digital assets like tokens and NFTs.

Portkey has pioneered the development of a proprietary solution known as Virtual Address (VA), setting a new standard for transaction efficiency on the aelf blockchain. In contrast to Ethereum’s Account Abstraction (AA) solution, its streamlined architecture optimises processing speed, reduces costs, and enhances scalability so that the users can seamlessly interact with DApps within the aelf ecosystem.

Why choose Portkey?

1. Easy-To-Use

The Portkey wallet redefines user-friendliness with familiar Web2 logins and the added convenience of social recovery facilitated through Account Abstraction technology. This innovative approach allows the creation of AA wallets, liberating users from the need for cumbersome seed phrases typically associated with Externally Owned Account (EOA) crypto wallets. With Account Abstraction, logging into an AA wallet becomes as effortless as accessing a Web2 application, thanks to the integration of user accounts into smart contracts.

Portkey stands at the forefront of crypto accessibility, offering fiat-crypto on/off-ramp services that empower users to effortlessly exchange fiat for crypto. Beyond mere transaction facilitation, the Portkey wallet also allows for the storage and management of diverse digital assets, including tokens and NFTs. Its increasing compatibility across multiple blockchains and quick integration with various DApps make Portkey an ideal gateway to the expansive realm of Web3!

2. Fully Decentralised

Portkey is a fully decentralised Account Abstraction (AA) wallet featuring verifiers and guardians technology. Verifiers validate account activities, mitigating singular points of risk and fortifying Portkey’s decentralisation. Asset owners exercise control through guardians, ensuring a user-centric and secure decentralised experience. With social recovery and a decentralised verifier design, Portkey provides robust security, safeguarding assets from central control and potential theft.

3. Zero Fees for Users

Traditional AA wallet account creation often incurs transaction fees, particularly on networks like Ethereum where paying in ETH can be pricey. However, Portkey employs an innovative super delegation mechanism, shifting the responsibility of paying fees onto delegatees. This unique fee model allows users to create, log in and out of their Portkey accounts, and perform various actions without incurring any charges. The zero-fee structure extends a seamless and cost-free experience for users, making Portkey an ideal solution for applications with high transactions, such as gaming.

4. Access to aelf’s Robust Ecosystem & Technology

Portkey is powered by the aelf blockchain which stands at the pinnacle of blockchain technology and offers a cutting-edge solution that outshines Ethereum in scalability, performance and cost. aelf can be likened to a ‘Linux system’ for blockchain with its C# coding language adoption, providing customisable shells through side-chain scalability and parallel processing, catering to diverse and complex applications. For DApps that integrate Portkey and build on the aelf blockchain, you can be confident that they’ll be robust and high-performing.

Moreover, building on aelf opens doors to a vast ecosystem of partners, offering a collaborative environment for developers and businesses to thrive in the evolving landscape of blockchain technology. Starting with the first step of integration with the Portkey wallet, you’ll be able to unlock a multitude of opportunities to interoperate with diverse projects and decentralised applications (DApps) within the aelf ecosystem.

Join our Portkey Early Adopter Program today

Embark on a transformative journey with Portkey and aelf by joining our exclusive Early Adopter Program tailored for developers and Web2 projects looking to step into the Web3 space. Join this program and launch your DApp with Portkey and aelf with no upfront cost! For a limited time, we’ll waive all fees related to account creation and management so now’s the best time to start building with us! Sign up here and read on to find out more about what the program entails.

1. End-to-End Technical Support

Throughout the partnership, the Portkey team will provide end-to-end technical assistance throughout the entire journey of bringing your blockchain integration vision to life. From initial concept to deployment, our team of experts is dedicated to offering guidance, troubleshooting, and technical insights to ensure that your blockchain integration journey goes smoothly. You will also gain access to a wide range of developer resources that will let you build fuss-free. Furthermore, at the early stages of your integration with Portkey, enjoy a gas fee waiver while you are building and testing your product!

2. Access to Funding Opportunities

By becoming a part of the aelf ecosystem through our Early Adopter Program, you not only position yourself at the forefront of innovation but also open doors to substantial funding opportunities. aelf Ventures, with its $50 million Ecosystem Fund, is committed to supporting pioneers in the blockchain space. Additionally, aelf recently launched their aelevate Gaming Grant Program which allocates up to US$150k per project to nurture and accelerate the growth of groundbreaking gaming projects.

3. Extensive Partnerships & Marketing Support

Embarking on your blockchain journey with our Early Adopter Program goes beyond technological support — it opens doors to a realm of extensive partnerships and dynamic marketing support. By joining us, you’ll productively integrate into our thriving ecosystem through strategic linkages with valued partners. Together, we’ll plan and execute impactful joint marketing efforts, unleashing co-marketing campaigns that amplify your project’s visibility. The benefits extend further as you gain access to the vibrant aelf community, a robust network comprising more than 100,000 individuals. This invaluable community engagement not only broadens your project’s reach but also fosters meaningful connections and collaborations within the decentralised landscape.

In addition, we’ll be launching our Portkey Referral Program soon where you’ll get to enjoy exclusive perks when you successfully refer a new promising project to integrate the Portkey wallet and build on the aelf blockchain. Stay tuned for more details!

Shape your Web3 world with Portkey and aelf

Portkey stands as a beacon of innovation, seamlessly integrating with the top-notch blockchain technology of aelf to redefine the landscape of decentralised technology. This AA wallet offers more than just a secure storage solution — it represents a gateway for Web2 projects to gracefully transition into the decentralised era. The aelf blockchain’s scalability, low gas fees, and verifiable smart contracts make it an ideal foundation for Portkey’s capabilities. For those ready to embark on a transformative journey, the Early Adopter Program awaits. Join us at the forefront of Web3 innovation and apply for the program here.

Let’s continue to build and grow together!

Stay updated on Portkey’s latest happenings

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Download the Portkey wallet here:

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Portkey
WalletWhy It Stands OutSupported Assets
Coinbase- Publicly-listed on the Nasdaq stock exchange- Holds your assets in a 1:1 ratio and does not repurpose them200+ cryptocurrencies, including BTC, ETH, XRP, and SOL
OKX- Supports 300+ cryptocurrencies and NFTs across multiple networks- Available as a mobile or desktop app, and browser extensionBTC, ETH, XRP, SOL, and 300+ more cryptocurrencies, along with NFTs on Ethereum, Solana, BASE, and more
Crypto.com App- Rewarding if you hold and build a cryptocurrency portfolio over time- Nifty features like Crypto Earn and Recurring Buy help you grow your holding easilyMore than 350 cryptocurrencies, including BTC, ETH, XRP, and SOL
Trust Wallet- Very wide range of assets- Available as a mobile app and browser extensionOver 10 million cryptocurrencies and 600 million NFTs from Bitcoin, Ethereum, Solana, Cosmos, and more
MetaMask- Can be used to complement your main Web3 wallet- Perfect for ownership of Ethereum-based tokens and NFTsAny asset on the Ethereum blockchain
Exodus- Over 100,000 cryptocurrencies supported- Buy any of them within the Exodus walletMore than 100,000 cryptocurrencies and NFTs across 16 blockchains
Ledger Stax- 5,500+ cryptocurrencies and NFTs supported- Certified Secure Element chip to shield it from online attacks5,500+ cryptocurrencies and NFTs
Trezor Safe 5- A compact device at 23g with a 1.54-inch touchscreen- Supports over 1,000 cryptocurrencies, and has a CC EAL6+-certified chipOver 1,000 cryptocurrencies, including BTC, ETH, XRP, and SOL
SafePal S1 Pro- Slim and sleek, with a 1.3-inch colour screen to show your holdings- Can be paired with the SafePal Wallet app and browser extension to grow your portfolio30,000 cryptocurrencies and more across 100+ blockchains