Like any currency, cryptos need a place to be stored by people. As the technical equivalent of fiat personal storage, these digital and hardware storages are aptly called e-wallets. With a large number of wallets for cryptocurrencies in the market, the selection process for users relies on the level of security, ease of access and use case.
Apart from the security and ease of use, one of the biggest issues crypto wallets face is the support of multiple systems. With so many different blockchain ecosystems, wallets usually have limited support for different cryptocurrencies. Midas wallet is a universal crypto storage system that supports a large variety of blockchains and protocols.
It has native support for BTC, ETH, ZCOIN, USDT, TUSD, TOMO and all other coins which are built on ERC-20, NEP5, and TRC-20 token protocols. The list does not end here, with the developers continuing to add support for other tokens and coins.
The wallet even supports IDEX and the Kyber Network, allowing wallet holders to trade over 500 tokens directly from their wallet. This gives added security to their trading since traders never hand over their assets to the trading platform and they are always in their control. The wallet has a number of features:
Other features include further encryption of wallet private and API keys for the strongest security ever. The Midas wallet is also connected to Sentinel Protocols Interactive Cooperation Framework API that offers a Threat Reputation Database. This essentially contains a white and a blacklist of threats such as phishing, hacks, scams, and malware to further protect the user if he or she connects to a compromised system.
The Midas Protocol is working with several development teams around the world, helping them achieve their decentralized goals. Some of them include:
With its wallet services collection and more on the way, Midas Protocol will become a game changer in the industry. To know more about the wallet and the protocol, visit its website: https://midasprotocol.io/
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