The Blocto Wallet, developed by portto, is a cross-blockchain smart contract wallet. As the complex processes of the blockchain industry prevent a large number of new users from entering the industry, Blocto Wallet has a simple guide. About entering the world of blockchain which makes it more accessible
The Blocto Wallet has simplified the registration process, has improved its design, offers more flexible gas fee payment methods, and ensures bank-level security.
In May, Blocto closed an $8 million private equity financing round led by Animoca Brands. Co-investors include Rally founder Kevin Chou, Dallas Mavericks owner Mark Cuban, Alameda Research. , Dapper Labs CEO Roham Gharegozlou, 500 Global, SushiSwap CTO Joseph Delong, Quantstamp CEO Richard Ma, CMS Holdings, Animal Ventures, EVG, SNZ, BTC12 Capital, Continue Capital, Divergence Ventures, Origin Capital, Altonomy, Versus, 7xVC, LD Capital. , Axia8 Ventures, Krypital, Waterdrop Capital and Dealean Capital.
with a growing user base coupled with the improvement of technology Blocto is expanding the market to blockchain in addition to being just a public flow blockchain.
Now, Blocto is developing additional cross-blockchain products, including DEX Bloctoswap, Blocto Balancer, BloctoBay, and Blocto Vault. Additionally, Software Development Kits (SDKs) will be provided to various software development teams. too
From this point on, it can be seen that Blocto will gradually become one of the best options as users start thinking about entering the blockchain world, using DApps, trading NFTs, and joining the DeFi industry.
Blocto Wallet : A Unified Blockchain Ecosystem
The Blocto wallet is primarily aimed at providing users who are interested in the blockchain industry or planning to enter the industry with a simple, secure, efficient experience. And it’s also smooth in the crypto world.
Simplicity: A must-have original experience.
It is normal that when a new user registers They need to set a password. Write down your personal code. and keep that key for yourself But what if the private key is lost? Users risk losing their accounts and assets.
Therefore, to simplify this process, Blocto invented a new mode of care. where users can log in with their email address at all. Blocto also uses a system called “one ID for multiple uses”. Users can log in with their Wechat account to platforms such as Zhihu, Xiaohongshu and Meituan. Blocto users can also use the same ID for multiple chains and DApps.
In addition to the simple and clear UI design, Blocto eliminates some rather difficult and complex terminology and introduces some key principles to new users. to prevent confusion
Security : You can set up your own wallet.
The most basic function of the wallet is key management. This is the most important problem. Since it is most concerned with the security of the user’s own digital assets.
So Blocto doesn’t just use general security checks. It also adopts a hybrid escrow key management model to protect the user’s own private keys.
New users can choose a default “custodial mode”, in which mode Blocto is responsible for managing the user’s private key. Help users register quickly. It also helps prevent private key leaks in case users are new and inexperienced with security or operations.
When users are experienced enough to take care of their own private keys, Users can choose “non-custodial mode” where users can create a new private key at any time and keep it for themselves (but when creating a new key The old key won’t work immediately), at which point the user has complete control over their account.
This approach to managing private keys is not only tailored to the user experience. but also contributes to account security
Coverage : Blockchain and multiple assets in one wallet!
Blocto founder Hsuan Lee has said in a past interview that Blocto is a blockchain browser rather than a digital wallet.
Currently, Blocto supports up to seven public networks: Flow, Solana, BSC, Polygon, Avalanche(c-chain), Ethereum and Tron, with more in the future.
With Blocto, users are able to manage thousands of assets across multiple public networks. This combination of wallets and coins has helped to make asset management more clear and efficient
Flexibility: unprecedented gas fee payments
In the blockchain world There is nothing more daunting than a gas fee. Gas fees are not only expensive. But it also differs with each blockchain. This makes it very inconvenient for users who use multiple chains.
to solve this problem And to enable a more integrated and convenient payment solution for gas fees, Blocto will allow its users to pay with BLT tokens in the future.
The newly created wallet offers free Blocto Points to help users more easily familiarize themselves with the various functions of the wallet. After that, they can earn points by reading articles. get work done or buy products by those scores Can be used to pay gas fees in many chains. Users can also purchase points with money on Blocto, meaning they can use credit cards, Google Pay or other payment methods. to buy points easily
In this way, when working on the blockchain Users do not need to know which blockchain the DApp uses, which network to switch to, and which tokens to use as network fees to use them. smart contract, which simplifies the process greatly. And also allows users to enjoy the benefits that can be obtained from the application as well.
The SDK has lowered the criteria for developing and implementing DApps.
Blocto is committed to breaking the limits of blockchain and hopes to make it more accessible to everyone. To reduce the many thresholds it currently has, Blocto has released a Software Development Kit (SDK) to make it easier for developers to build DApps. It also adds value to the blockchain ecosystem in another way.
For users, using DApps that are integrated with the Blocto SDK, users can easily connect to their Blocto wallet without the need to download any additional wallets or extensions. or mom, but without going through the tedious process of creating an account. Users can create, transact, buy cryptocurrencies. and other functions conveniently within the blockchain application itself.
For DApps developers, integrating DApps with the Blocto SDK can help reduce application limits and attract more new users.
Currently, the Blocto SDK supports six public chains: Flow, Solana, BSC, Polygon, Avalanche (c-chain), and Ethereum, enabling users to easily swap their assets across chains.
Additionally, the common wallet SDK only supports JavaScript, but the Blocto SDK supports a wide range of development languages such as JavaScript, Swift (iOS) and Kotlin (Android), allowing developers to integrate their applications with the Blocto SDK. more easily Even if they had no experience before. in the field of blockchain development
Let’s get to know BLT Utility token and Governance token.
The BLT is a utility token and Governance token issued by Blocto. It acts as a bridge to connect Blocto’s wallet, Blocto products, Blocto DApps, and users themselves.
With this BLT, users can more easily connect to chains supported by Blocto by as they do not need to use the original token of each chain itself.
BLT tokens have the following features:
· As a fee payment medium: Blocto users can use this BLT to pay fees across multiple networks supported by the wallet. And it can also be easily connected to these blockchains without the original token of each chain.
· Bet and Mining for Developers : Developers can bet on the BLT to participate in mining. The more users in the project, the more. The higher the mining yield, the higher the profit. It is a good cycle in the ecosystem.
·Bet and Mining for users: Blocto users can also bet on BLT to participate in mining.
· Gaining Controls: BLT holders have the right to modify the rules of mining. and has the right to control the marketing strategies and product development of Blocto as well.
· ADDITIONAL BENEFITS IN THIS ECOLOGY: For BLT holders, there are many additional benefits when using Blocto products.
BLT tokens will total 500 million tokens, with an initial launch of 25 million, and all BLT tokens will be in full circulation by the end of the fourth year following their launch.
The allocations are as follows:
· Mining Reward: 25%
· Wager Reward : 5%
· Eco-acceleration Fund: 16%
Community and ecosystem building: 16%
Public offering: 2%
Private Placement Allocation: 16% (monthly for 18 months starting from 7th month)
· Team Building: 6% (monthly for 18 months starting from 7th month)
· Founding Team: 14% (monthly for 42 months starting from 7th month)
Future Plans : Enhancing the ecosystem with key products from four branches
In addition to continual improvement and creation of wallets,
Blocto has plans to develop products in four major branches in the future, which are
· Blocto Swap (Independent Trading Board)
· Blocto Balancer (Automated Cross Chain Marketing Protocol)
· BloctoBay (NFT Market)
· Blocto Vault (Independent Revenue Sharing Pool)
BloctoSwap and BloctoBay have now been released, with BloctoSwap being the first DEX built on Flow that has now accumulated $10 million in trading volume since its launch. This shows its popularity in the community.
Meanwhile, BloctoBay itself is also an NFT auction platform built on Flow, which currently supports 17 types of NFT trading on web and mobile, for example NBA Top Shot Legendary Moments, MotoGP Ignition, Vault by. CNN, Versus, Dark Country, Ben Mauro’s Evolution & Warfare series, Chainmonsters and many more
When it comes to the Flow network
Blocto’s development team has released the game. Cryptokitties in 2017, when NFT was barely known.
The popularity of NFT this year has captured the attention of many people and also made people look.
See the possibilities and opportunities in the world of NFT.
The innovation that Blocto will bring us to see again. It is a matter that should be watched quite a bit.
More information
website: https://blocto.portto.io/en/
Token Basics: token.blocto.app/zh
White paper: https://token.Blocto.app/#token_sec
Developer Documentation: https://docs.Blocto.app/