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December 4, 2024

Introducing Portkey V2 App: A New Era of Seamless Web3 Experiences

Experience the future of Web3 with Portkey V2

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Portkey V2 has arrived, and it's serving a whole new level of awesome! Your favourite Web3 wallet dApp, but with a sleek new interface and enhanced experience. No download or reinstall is required—we've upgraded your wallet without any of the hassle.

So what's new? We've supercharged the user experience with smarter asset management, cleaner categories, and a visual design so fresh that you might find yourself showing it off to your friends. Portkey V2 isn't just an update—it's the next level of Web3, designed to make your crypto journey smoother, smarter, and way more fun.

If you already have the latest Portkey installed on your device, you can choose to update via the pop-up window upon opening the app. If you're new to Portkey, you can download the app on iOS, Android, and Chrome.

What's New in Portkey V2

  1. A Brand-New Interface

One of Portkey's most noticeable updates is its new striking dark mode with a bold cyberpunk-inspired design. We've reimagined the interface to make it as fun as it is functional. Think user-friendly fonts that are easy on the eyes, charming illustrations to brighten your day, and Web3-themed touches that make every interaction feel fresh. So this choice isn't just a switch in aesthetics, it's an immersive experience that brings style and substance together.

  1. A Seamless User Experience

You can focus less on figuring things out and more on getting things done. Now, it's a breeze to make any transaction on Portkey, be it on aelf network or across other networks, as all the essentials—Send, Receive, and Swap—are built into Portkey's homescreen. Quick and easy access, whenever you need it.

  • Send: The most basic function of any wallet, sending tokens. You can easily send tokens to aelf and networks like Ethereum, Solana, and TON easily. We mean real easy. Simply paste the recipient's address, select the correct network, and we handle the rest.
  • Receive: The other most basic function of any wallet, receiving tokens. With Portkey V2, just select the asset, source network, and deposit tokens to the address provided—we handle the rest. Oh, you want to deposit ELF tokens from exchanges? Just scan the QR code to receive ELF. Easy peasy.
  • Swap: Want to trade USDT for ELF or swap different token pairs? Use our in-built swap function to trade tokens directly. Real-time pricing, transparent fees, and just a few taps to complete.
  1. Compact Navigation

The navigation bar has been simplified to three destinations: Home, Activity, and Discover.

  • Home: Home is where the heart is. At 'Home', you can use core functions like Send, Receive, and Swap, and view all your tokens and NFTs at a glance.
  • Activity: Sometimes, you can get lost in all the activities, but we got you covered with 'Activity'. 'Activity' contains all your transaction records, from logins and transfers to dApp interactions. Click on any record to see all the details, or view it on the blockchain explorer if you're feeling blockchain-savvy.
  • Discover: Navigating dApps and earning opportunities is easier than ever with 'Discover', offering three key functions: explore 'dApps' by categories like AI, DeFi, NFTs, and Games; track live crypto data in 'Market'; and maximise rewards with staking and earning programs in 'Earn'.
  1. A Focused Web3 Journey

With V2, we are doubling down on our commitment to Web3 by prioritising asset management, security, and interaction. And we made quite significant tweaks. To keep things focused, chat and crypto box have been retired. Core features such as guardian management, transaction limits, and crypto gifts have moved to 'Account Settings', which you can easily access by tapping your account name on the home screen. It's all about keeping things intuitive and right at your fingertips.

We are serious when we say we want to supercharge your experience. Portkey V2 is our big step forward in delivering an intuitive, engaging, and streamlined Web3 experience for you. Update your app today and join us in this new chapter!

If you already have the latest Portkey installed on your device, you can choose to update via the pop-up window upon opening the app. If you're new to Portkey, you can download the app on iOS, Android, and Chrome.

We are here for you if you need help with Portkey, contact us at https://form.portkey.finance/contact or get in touch via Telegram group.

Hope you enjoy Portkey and have the best Web3 experience with us!

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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
ZKPsMultisig WalletsTEE
StrengthsZKPs provide wallet owners with security and privacy at one goMultisig wallets are hassle-free and secure; easy to implement for any group or organisationTEEs allow Web3 wallets to achieve a similar level of security as hardware wallets
WeaknessesTransacting parties need to interact multiple times. It’s not ideal for non-real-time applications.Transaction costs are higher due to the multiple signatures – and gas fees – needed. Transaction speeds are lower too.Cannot be easily implemented for software-based Web3 wallets as it is operating system-dependent
Wallet TypeHardware WalletBrowser ExtensionMobile App Wallet
Pros- Offers the best security for Web3 digital assets- Many brands and models to choose from- You can conveniently add it to your web browser- It doesn’t take up much storage space on your PC- You can access your assets from anywhere- You can easily transfer assets between apps
Cons- You risk losing your assets when you lose the device- The cost can be prohibitive for some- Susceptible to security breaches if your browser is compromised- Functionality may be limited for some- Vulnerable to similar security breaches as browser extension wallets- You also bear the same risk of losing your assets if you lose your mobile device
Web2 PhishingWeb3 Phishing
MethodPurely reliant on offline or Web2 platforms. For example, phone calls, SMSes, publishing fake websites, etc.Utilises a mix of Web2 and Web3 platforms. For example, hackers impersonating a key opinion leader or deploying malicious smart contracts.
PurposeTo steal cash, personal information, and sensitive data.To steal digital assets and sensitive data, and control Web3 projects.
ProsCons
MPC wallets are incredibly safe thanks to their novel security mechanism.There are relatively fewer MPC wallet solutions available, as compared to multisig wallets.
MPC wallets provide you with more flexibility in managing your assets, especially if it’s a wallet for institutions or investment groups.MPC wallets appear easy to use on the outset, but they still require a level of technical expertise and cryptography knowledge.
MPC wallets greatly reduce the risk of a single point of failure.MPC wallets can take slightly longer to execute transactions because its security mechanism is fairly resource-intensive.
MPC wallets are highly decentralised, adhering to cryptocurrency’s core principles.You’d still need to manage each private key fragment carefully. After all, each one is crucial to forming the full key.