In the cryptocurrency market, storage and security issues are always the most important thing for the community. Not only individual users but also large organizations sometimes do not escape the bad intentions of hackers. Because of that, Zen Card was born to address those concerns. So what is a Zen Card and how to use it? Let’s find out with Coin68 through the article below.
****What is a Zen Card? Zen Card User Guide
What is a Zen Card?
Zen Card is a cryptocurrency storage solution developed by Ninety Eight, Vietnam’s leading DeFi ecosystem. In addition to providing a high level of security and the physicalization of a storage wallet, Zen Card is also a product that shortens the border between hot and cold wallets. With NFC technology integrated directly into the card, users can connect directly to the Coin98 Wallet and authenticate transactions just by pressing the card into the phone.
In simpler terms, Zen Card serves as a physical hot wallet, users can hold it in their hands and store assets like a cold wallet. Besides, users can use Zen Card to interact with Coin98 Wallet to make transactions
To do that, the Ninety Eight team has applied a completely new mechanism of operation, increasing the security of the card. With Zen Card, the seed phrase / private key will be separated and encrypted into 2 separate parts. This also means that they will be stored in 2 places and the consensus of both components is required for a transaction to be completed.
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What is Zen Card? Zen Card User Guide
In the cryptocurrency market, storage and security issues are always the most important thing for the community. Not only individual users but also large organizations sometimes do not escape the bad intentions of hackers. Because of that, Zen Card was born to address those concerns. So what is a Zen Card and how to use it? Let’s find out with Coin68 through the article below.
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**What is a Zen Card? Zen Card User Guide
What is a Zen Card?
Zen Card is a cryptocurrency storage solution developed by Ninety Eight, Vietnam’s leading DeFi ecosystem. In addition to providing a high level of security and the physicalization of a storage wallet, Zen Card is also a product that shortens the border between hot and cold wallets. With NFC technology integrated directly into the card, users can connect directly to the Coin98 Wallet and authenticate transactions just by pressing the card into the phone.
In simpler terms, Zen Card serves as a physical hot wallet, users can hold it in their hands and store assets like a cold wallet. Besides, users can use Zen Card to interact with Coin98 Wallet to make transactions
To do that, the Ninety Eight team has applied a completely new mechanism of operation, increasing the security of the card. With Zen Card, the seed phrase / private key will be separated and encrypted into 2 separate parts. This also means that they will be stored in 2 places and the consensus of both components is required for a transaction to be completed.