Shown above is ABC Wallet dropped by which AhnLab Blockchain Company. Photo courtesy of AhnLab

Mobile version Web 3 Wallet comes to town

AhnLab Blockchain Company, a blockchain subsidiary of South Korea’s leading cyber security company AhnLab, released a mobile version of its Web3 wallet on Jan. 10.

AhnLab Blockchain Company announced the successful launch of its ‘ABC Wallet’ Web3 wallet app on the two major app stores, Google Play and Apple App Store.

Included in key features offered by ABC Wallet’s mobile version are key hacking/loss prevention and user authentication-based key recovery using Secure MPC technology; threat guidance on addresses complicit in fraud or risky transactions when transferring money; one-touch adding and management of a variety of mainnet-based assets including Ethereum, Klaytn, Binance, and Polygon; and QR code scanning for easy address sharing.

“ABC Wallet is set apart by the increased key management security and convenience introduced by its Secure MPC technology,” an AhnLab official said.

“The mnemonic key method used by existing wallets carried the burden of difficulty memorizing and recording complex and long phrases, and also risked potentially handing over full control of the wallet to the attacker and difficult to restore once stolen.”

He added that ABC Wallet distributed three ‘Key shares’ to the user, service server, and recovery server. Signature and restore functions for asset trades are only available when two of these key shares are combined.

The ABC Wallet follows AhnLab Blockchain Company’s release of the PC version Chrome extension program last September.

“The launch of the mobile application had broadened AhnLab’s service support environment,” AhnLab CEO Kang Suk-kyoon said.

“The company’s commitment to continuing to develop the ABC Wallet by actively introducing new features to deliver a safe and convenient Web3 experience.”

Founded in 1995, AhnLab has grown into one of the global leaders in cyber threat analysis. It has delivered comprehensive protection for endpoints, networks, transactions, and other services.

Its customer base includes more than 25,000 organizations.