Hassan Maishera
Zengo announced on Wednesday, January 25th, that it had become the first non-custodial wallet with no seed phrase vulnerability to integrate with the Polygon network.
Thanks to this latest development, Polygon users can enjoy self-custody of Polygon (MATIC), ETH, BTC, and more with secure asset recovery built-in. In a press release shared with Cryptowisser, Zengo said that by taking advantage of advanced biometrics and cutting-edge MPC cryptography, it eliminates onboarding complexities, allowing anyone to safely set up and secure their wallet in seconds from any iOS or Android device.
Furthermore, Zengo’s security model removes the single point of failure that besets traditional non-custodial wallets: Not a single Zengo wallet has been taken over since the company was founded in 2018.
While commenting on this latest development, Ouriel Ohayon, Zengo CEO and co-founder said:
“We’re delighted to become the first Polygon wallet with no seed phrase vulnerability and built-in web3 firewall protection. We've been blown away by the innovation, engagement, and growth in the Polygon ecosystem, the global brands building on it, and can't wait to securely onboard newcomers.”
Hamzah Khan, Head of DeFi at Polygon Labs, added that;
“Today, digital asset security is still one of the biggest concerns, especially when it comes to those just starting their web3 journey. This is why the integration of Zengo is so beneficial to Polygon users, allowing them to reliably and securely self-custody their cryptocurrencies. It also aligns perfectly with Polygon’s mission to onboard the next billion users to web3, making the space as accessible, safe, and inclusive as possible.”
Zengo added that it protects users when signing web3 transactions. The wallet’s built-in firewall, ClearSign, helps users understand the permissions they are approving, preventing them from signing dangerous transactions.
At the moment, there are more than 800,000 users who leverage MPC technology to secure their digital assets, with Zengo the most popular wallet of its kind. Zengo added that it replaces the traditional private key with two independently created mathematical “shares.” One is stored on the user’s mobile device and the other on Zengo’s server, ensuring no single point of failure while facilitating recovery in the event of device loss.
Its integration with Polygon is designed to empower a new wave of web3 users to enjoy all of the upsides to self-custody without the vulnerabilities that come with seed phrases.
Zengo is the most secure crypto wallet: The only self-custodial wallet with no seed phrase vulnerability. Zengo claims that has never been hacked and is always recoverable, thanks to 3 industry-pioneering technologies:
Meanwhile, Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for Web3.
