Argent Comes With A Smart Crypto Wallet App With A Banking Look
Take a quick look at Argent. What is it promising? We give you a detailed report on it.
How Is Argent Modified To Suit The Customers?
The need for memorising seed phrases, the inability to get the cryptocurrency back if something goes wrong and the list of the biggest problems for the mainstream adoption of crypto goes on. The crypto is going to remain a pretty elite game until major issues like this are solved.
Recently winning the prestigious inaugural user experience prize, at Devcon 4, Argent was a project addressing many of these issues.
Solving the UX problem through clever smart contract architecture, it is a crypto wallet letting you port your ID around and so there is a good old fashioned and familiar Web 2.0 / centralised experience in a decentralised environment.
Initially, as it had raised a seed round of $4 million from some of Europe’s leading investors as that include Index Ventures, the Creandum, first minute, the Hummingbird, and also Atomico Partner Mattias Ljungman here comes the Argent as a native app on the Apple App as well as Google Play Stores describing itself as the first smart wallet.
Thereby the presentation as well as the security comes to be that of the modern banking apps, whereas Argent doesn’t hold or access a users’ funds. Providing access to decentralised applications, the smart wallet has the user staying in control of their data, identity, and assets.
Thereafter Experts Talk About Argent
As the CEO and co-founder of Argent, ItamarLesuisse comments, the web was dominated by the monopolies and middlemen where the Cambridge Analytica and the Equifax have highlighted the damage it was doing to people. Offering a better way was the emerging decentralised web offers as people control their data, assets, and identity whereas it is still way too hard for the people to use as the adoption is slow and they founded Argent to fix this.
Moving on to the chief science officer and co-founder of Argent, Dr. Julien Niset says, the challenge which they set for themselves was to offer the usability and security of the great banking apps but without the bank. They wanted their users, to be in control and achieving it by building Argent on smart contracts where the code embedded in the blockchain cannot be tampered with. Thereby it was found that for the first time their smart contracts have let users recover their wallets without paper backup setting the daily transaction limits and blocking fraudulent transactions making the Argent safer and easier to use than other wallets.
The Typical Case Of Smart Wallets
Using the smart wallet consumers can access decentralised applications with no technical knowledge-generating more adoption as Argent plans to make the developer kit available to third parties as it has already integrated exchange and Argent says it is currently exploring more partnerships in finance as well as gaming.
Previously founding Peak were two of Argent’s co-founders ItamarLesuisse the ex-Amazon, Visa and BCG, also Gerald Goldstein who has a Ph.D. in nuclear physics where Peak is the world’ s largest brain training app and an Apple and Android App of the Year, thereafter the third co-founder Julien Niset has a Ph.D. in quantum information founding the quantum security start-up and successfully selling the IP to world’s leading quantum security company.
From Creandum, Bjarke Staun-Olsen says that having backed Itamar and Gerald’s previous start-up Peak, it has successfully exited in 2016 knowing how strong their ability is to execute the consumer mobile was combining with Julien’s expertise in cryptography knowing this was the right time to drive consumer adoption at scale.
While Ari Helgason from Index Ventures says that as Argent has therefore developed a critical piece of infrastructure paving the way for mainstream adoption of the blockchain applications, the team has technology breakthrough allowing users to overcome the tradeoff between security and ease of use that has characterised wallets until now.
Finally Closing Off The Discussion With A Few More Pieces Of Information
While crypto wallets are the rage of the time, having a secure one is a challenge for developers and investors alike. It is here that Argent comes to play a major role in the underlying blockchain technology. Near to the next revolution of the evolving technology, Argent promises the safety and security of the decentralised ledger technology of encryption.
With cloud-based encryption keys, it is lesser prone to attacks including hacks, phishing, thefts, and frauds. So, the next time you are searching for an investment vehicle we present you with Argent assuring you will have a safe space for the investments you are making. Stay tuned as we bring more news on Argent and its contemporaries.