BNB Chain Project Team stated about the deployment of a new service – BNB Safe{Wallet}. This is a multi-signature wallet based on the Gnosis Safe protocol.
According to the press release, the service will be available on both BNB Smart Chain and opBNB. You must create a Safe account before using it.
The new wallet will provide users with the most secure and convenient way to manage their crypto assets, the administration emphasized.
Let us remind you that a multi-signature wallet uses two or more private keys to verify transactions. Thus, several parties have access to funds, but it is impossible to carry out a transaction without confirmation from each participant.
In June 2023, information appeared that Binance was testing its own crypto wallet based on the multiparty computing (MPC) standard.
Earlier in October, the developers launched the BNB Greenfield main network.
Source: Cryptocurrency
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