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Home » Platform aims to conquer challenges of self-custody wallets, breaking barriers
Platform aims to conquer challenges of self-custody wallets, breaking barriers
Platform aims to conquer challenges of self-custody wallets, breaking barriers
Blockchain

Platform aims to conquer challenges of self-custody wallets, breaking barriers

05/28/20242 Mins Read
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zkGUN, a self-custodial multichain crypto wallet, is tackling the challenges of self-custody wallets by providing secure and anonymous transactions across multiple chains in a single user-friendly app. The crypto wallet market is predicted to reach $48.27 billion in revenue by 2030, showing its potential for significant growth.

Self-custody wallets offer users full control over their assets and private keys, eliminating the need for intermediaries and reducing the risk of outside interference. However, they have faced criticism for their lack of user-friendly interfaces and comprehensive features, as well as some service providers’ tendency to share user data.

To overcome these adoption barriers, zkGUN aims to simplify and secure transactions with cross-chain swap capabilities. Acting as a gateway, zkGUN connects to different Web3 protocols to provide a dynamic trading experience in decentralized finance (DeFi). Users can access thousands of decentralized applications (DApps) to store or transfer their assets and manage nonfungible tokens (NFTs), GameFi, and metaverse interactions across multiple blockchains.

To attract more users and increase transaction volume, zkGUN aggregates multiple services into one wallet, offering competitive transaction fees. The platform also provides built-in features such as pre-scanning transactions, anonymous cross-chain swaps, deep trading analytics, and a singular multi-chain decentralized exchange (DEX). Users can trade tokens on Ethereum virtual machine (EVM) and non-EVM compatible chains with a single DApp.

Privacy is a key focus for zkGUN, and it ensures untraceable transactions through its successful RAILGUN integration. Users can rely on zkGUN to keep their transactions private while also staying compliant. The wallet eliminates the need for Know Your Customer (KYC) processes, ensuring personal information remains confidential and transactions are free from bureaucratic obstacles. All data transferred to remote procedure call (RPC) nodes is encrypted via reverse proxies, complying with legal requirements.

zkGUN protects investments from fraud by subjecting all codes to comprehensive audits by highly reputable Web3 security companies. It also adds a layer of security by allowing only approved tokens to be traded with the help of Alchemy. The team is committed to improving the wallet’s interface and adding new features based on user feedback, prioritizing the privacy, security, and autonomy of users.

As the self-custody trend continues to grow, the future of digital finance will be shaped by innovations in cross-chain compatibility and user-friendly features. zkGUN is at the forefront of this movement, providing a seamless crypto management experience for users.

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