Giddy Expands Support to Ethereum Mainnet and Other Chains
Giddy, a self-custody crypto smart wallet, has announced the addition of support for Ethereum Mainnet. This comes after its initial launch on the Polygon network. The wallet will also soon support other EVM-compatible networks such as Arbitrum, Base, and Binance Smart Chain. With this update, Giddy users can make in-app purchases with fiat currency converted to cryptocurrency, conduct token swaps, and shop directly with well-known businesses from over 150 countries.
User-Friendly and Secure Private Key Management
The Giddy wallet offers a unique private key management solution that eliminates the need for a seed phrase. Instead, the private key is divided into different components owned and managed by the user, including a user-created password, a hardware device, and a social login. This approach significantly reduces the risk of compromise, and even if a component is lost, the user can still recover their funds. Users also have the option to export their private key if desired.
CEO Emphasizes Improved User Experience and Security
Eric Parker, the CEO and Co-Founder of Giddy, highlights the wallet’s game-changing private key management solution. By simplifying the user experience and enhancing security, Giddy empowers users to have more control over their funds. The addition of Ethereum Mainnet and other chains expands the wallet’s functionality and aims to provide a consistent and enjoyable user experience across different blockchain networks.
Conclusion: Giddy Takes a Big Step Forward
Giddy’s support for Ethereum Mainnet and its innovative private key management solution mark significant milestones for the wallet. By expanding to multiple chains and offering enhanced security features, Giddy strives to achieve its objectives of providing a user-friendly and secure crypto wallet experience.
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