Bitizen Web3 Wallet is a non-custodial, multi-chain crypto wallet that utilizes threshold signature scheme (TSS) and multi-party computation (MPC) technology to eliminate the risks associated with private key theft and single points of failure. By providing a keyless and seedless recovery system, it simplifies wallet management while enhancing security and privacy for users.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional cryptocurrency wallets rely on private keys or seed phrases, creating single points of failure that can lead to loss of funds through theft, loss, or insecure storage. Managing and safeguarding these keys presents a significant challenge for both novice and experienced users, hindering wider adoption of decentralized finance.
Solution
Bitizen Web3 Wallet is a non-custodial, multi-chain crypto wallet that leverages threshold signature scheme (TSS) and multi-party computation (MPC) to eliminate the need for private keys and seed phrases. This keyless design distributes key shares, ensuring that no single point of failure exists. The wallet offers a seedless backup and recovery system, simplifying wallet management while enhancing security and privacy. Users can access decentralized applications (dApps), perform cross-chain swaps, and earn yield through DeFi protocols, all within a secure and user-friendly interface.
Target Audience
The primary target audience includes cryptocurrency users seeking a secure and user-friendly wallet solution, as well as Web3 enthusiasts looking to access decentralized applications and participate in DeFi activities without the risks associated with traditional private key management.
Features
- Keyless wallet creation and transaction signing using TSS and MPC technology
- Seedless backup and recovery for simplified wallet restoration
- Multi-chain support for Bitcoin, Ethereum (including ERC-20 and ERC-721 tokens), BNB Chain, Solana, Avalanche, and Arweave
- DApp browser for accessing DeFi, GameFi, and SocialFi applications
- Cross-chain swap functionality for exchanging tokens across different blockchains
- DeFi yield opportunities for earning rewards by lending crypto assets
- Support for custom data backup and recovery, including wallet names, added tokens, and contacts
- Compatibility with other wallets for importing and exporting assets
- User-defined trading risk control strategies for enhanced asset security