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June 9, 2023

Portkey Website Updated to V1.1.0 with Latest Additions of “Use Case” and “Resources”

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We are pleased to let you know that Portkey’s official website has been updated to V1.1.0. In the latest version. The website made two main additions: “Use Case” under the “Developer” section which showcases a demo DApp having implemented Portkey SDKs, and a whole new section named “Resources” which comprises subsections like “Blog” linking to Portkey’s Medium, and “Media Kit,” offering branding materials for co-marketing.

Use Case

The new “Use Case” can be found as a subsection under “Developers” which presents BingoGame, a gaming DApp that has successfully used Portkey’s software development kits (SDKs). By utilizing the SDKs, BingoGame enables users to create on-chain identities as well as to have on-chain contract addresses via Portkey DID solution, without needing to actually interact with the Portkey wallet. More importantly, the process requires users to do nothing more than create an account in the Web2 way. No private keys or other troublesome steps are involved. Users can store and manage their BingoGame digital assets with their Web3 identities and contract addresses seamlessly facilitated by Portkey’s DID solution and wallet-as-a-service.

Just like with BingoGame, all developers are welcome to leverage Portkey’s SDKs to build applications and onboard their users to Web3 in an easy and fast way. Once developers have explored BingoGame and gained insights into the seamless integration of our SDKs, they can return to Portkey’s homepage and continue browsing and accessing the documentation of Portkey SDK via “Developers” — “Documentation”. This ensures that all the essential resources and guidelines are readily available to support their development endeavors.

Resources

The “Resources” section, which you can find in both the navigation bar and footer, aims to provide you with key information about Portkey that you may find helpful, which consists of “Blog,” “Linktree,” and “Media Kit.”

By clicking on the “Blog” link, you will be directed to Portkey’s Medium site. Our blog provides timely information about new features, enhancements, and updates of our products and services, and also covers relevant events, industry trends, and insights. We encourage you to regularly visit this section and stay connected to our latest updates to stay ahead with the migration from Web2 to Web3 led by Portkey.

The “Linktree” feature serves as a hub where you can conveniently find and access all the social links of Portkey in one place, including Portkey’s community on Telegram or Discord, and social media on Twitter, Medium, and its YouTube channel. Add this page to your bookmark so that you can visit whichever social platforms of Portkey’s whenever you want.

The “Media Kit” page is also added to the “Resources” section for co-marketing purposes that contains a collection of branding materials, including Portkey’s logomarks and wordmarks. As an innovative Web3 wallet, we truly believe in the power of communities and partners who are more than welcome to use these materials and perform co-marketing together with Portkey.

As Portkey continues to progress, both as a smart contract wallet and in the realm of SDKs, our website will serve as the central hub for vital information. We are committed to regularly updating the website to ensure that it brings you the most timely and substantial information about Portkey as well as a pleasant user experience. Your feedback and suggestions are valuable to us, so please do not hesitate to reach out to us at support@portkey.finance with any ideas or recommendations you may have.

🐦 Twitter | 🎮 Discord | 💬 Telegram | 🏠 Website | 💻 Youtube

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Portkey@2024
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.