Twelve months ago, the total value of cryptocurrencies held in betting software barely exceeded $1 billion. Today, there is $58 billion locked in decentralized finance, or DeFi.
The adoption of DeFi was a fundamental change that helped turn the cryptocurrency industry into the mainstream, but it wasn’t the only change.
Traditional organizations including MicroStrategy and Tesla have invested billions of dollars in bitcoin – some bought dip – while non-fungible tokens from CryptoKitties and CypherPunks have moved into an artistic environment that attracts millions of bets for a new generation of digital artists like Beeple at popular auction houses. Like Christie and Sotheby’s.
With more and more dramatic disruption to established industries such as music, sports and real estate starting to take shape, it looks like NFT will grow exponentially in the coming years.
Overall, the blockchain industry has grown 639% year-over-year, according to the DappRadar Dapp Industry Report for the first quarter of 2021. It currently stands at 458,000 unique active wallets, according to the report. New users and investors face new risks as it emerges that more than $100 million in cryptocurrency was stolen in the first quarter of 2021 – mostly in Decentralized Finance (DeFi).
With all these changes and wallets, technology cannot stand still, especially when it comes to the security and functionality of wallets.
Thanks to these factors and a growing number of requests from the community, CoolBitX introduced a new and updated version of CoolWallet, which first introduced Bluetooth technology into a hardware cryptocurrency wallet in 2016, followed by support for multiple CoolWallet S assets in 2018.
CoolWallet Pro adds more supported coins (including Polkadot, Cosmos and Tron) and military security advances to not only offer a more secure hardware wallet, but also to give more advanced users more flexibility and options for using their stored assets – generating passive income in the right investment In coins, as well as riskier efforts such as DeFi efforts and liquidity operations, which can generate significantly higher returns.
The latest addition to the CoolWallet lineup adds an updated CC EAL 6+ hardware security chip (up from 5+ on the Model S) that permanently locks the private key of your wallet. It provides a range of authentication mechanisms including biometric identification as well as a PIN and offline physical verification steps.
The real story is adding significant support features to CoolWallet Pro, said Michael Ou, CEO of CoolBitX.
More information from COOLWALLET here
Referring to “the proliferation of innovative financial products and services such as Proof-of-Stake (PoS), DeFi, and DApps that are creating attractive new opportunities for crypto ownership and changing the way we think about digital assets,” Ou explained that advanced advancements players in the industry need to have more than just an update.
“Our CoolWallet community requires a bridge to participate in this new economy that matches and even improves the security and comfort they are accustomed to with the CoolWallet S.”
Making CoolWallet Pro a reality in the “historic age of digital real estate” required collaboration with a number of partners, notably the delivery of infrastructure by Staked, “so that users could use, borrow and invest tokens at their leisure whenever they wanted to. Wherever, Which increases the value of their cryptocurrency.”
Credit Card Size Saved As the HODLer-focused CoolWallet S, the CoolWallet Pro is water-resistant and uses proprietary compression technology to remain tamper-resistant. It uses encrypted Bluetooth technology (military standard AES-256) to connect to CoolBitX.
From there, CoolWallet Pro users can connect to the app to buy, sell and trade Bitcoin, Ether, Litecoin, Ripple, Stellar, Binance Coin, Tether and all ERC-20 tokens. It adds three new cryptocurrencies to bet – Cosmos, Polkadot and Tron – with the advent of Binance Smart Chain, Kusama, Eth2 and Cardano.
It is very easy to place bets. Select the cryptocurrency to bet, then specify the address and the authorized confirmation of the bet. An approximate bonus will be shown if available, and if satisfactory, confirm the transaction with your CoolWallet Pro Card. You can manage your bet by claiming a bonus or withdrawing your coins.