CryptoCurve, Isn't just a wallet? - Demystified

One of the first things that a new crypto investor has to learn about is crypto wallets. Often, the new investor would start buying cryptocurrencies using an exchange wallet and plan to leave it there happily. However, he/she will soon realize that exchanges are never safe and your investments can be stolen because you do not hold the keys to open your wallet.

Subsequently, as the new investor starts looking for a suitable wallet, options are aplenty. However, the harsh reality is that the new investor would soon contemplate leaving his investments at the exchange as he/she will be confronted by a number of dilemmas. First, considering the often cumbersome but necessary security features, the majority of crypto wallets are tedious to set up, especially so if the new crypto investor is not computer savvy. Second, he/she will learn that one can and will lose everything if the private keys are lost. Yes, it’s difficult to lose one’s private keys, but it is not a rarity. Third, if the newcomer is investing in alt-coins, then there will surely be interoperability issues; how many wallets would he/she need?

So then, the question is.., what can be done to improve this situation?

Enter CryptoCurve! CryptoCurve (https://cryptocurve.io/) is an interoperable, multi-blockchain platform that aims to simplify asset management for both new and experienced crypto investors. The security that CryptoCurve provides is state-of-the-art, yet it is flexible and caters to different mode/level of users. Additionally, CryptoCurve offers a number of unique and innovative features that make this "asset management solution" definitely a standout.

At this point, as highlighted in the previous sentence in bold, it needs to be stressed that CryptoCurve is much more than an ordinary wallet. It is in fact, an ecosystem that is geared to play a part in the mass adoption of crypto through it's targeting of the core participants in the crypto sphere; namely, the investors, the developers and the emerging blockchain startup companies. Accordingly, the CryptoCurve ecosystem comprises of the Curve Wallet, the Curve Software Development Kit (SDK), and Curve Labs.

Curve Wallet

The curve wallet is an interoperable multi-blockchain platform that intends to simplify asset management for both new and experienced crypto investors. It offers advanced portfolio management, securities-compliant ICO investing, custom pooling, in-app trading via a decentralized exchange, and easy transactions through fiat gateways.

Security is paramount to anything that holds financial commodities and the Curve wallet is no exception. The uniqueness of CryptoCurve is that it offers flexibility without sacrificing security; the main security features of CryptoCurve can be summarized as:

User managed keys – Users are solely responsible for storing their private wallet keys. If private keys are lost, then there is no way to retrieve them.

Keystore vault – if the keystore vault application is used, keys are encrypted, sharded, and replicated across multiple distributed keystore instances. Restoration is possible if the user loses private keys.

Beneficiaries – A trust score system for accounts will be used to ensure: 1) funds are being sent to the correct recipient; 2) fraudulent activities are minimized in the platform through blacklisting of suspicious accounts.

Multi-Sig capability – CryptoCurve wallet can be configured via smart contract to require multiple users with varying levels of permission to confirm a transaction.

Authentication – Multi-factor authentication such as OTP and biometric data such as fingerprint, facial recognition, voice recognition, and vocal seed phrases will be some of the authentication methods used by CryptoCurve.

Staking is another unique feature of that CryptoCurve which will entice both investors and business partners. Staking on the CryptoCurve platform means that the wallet users can stake their tokens (CURV tokens) to receive reward tokens from: 1) ICOs hosted on the CryptoCurve platform; 2) partner organizations; 3) the Curve platform itself.

Staking will play a crucial role in the future growth of CryptoCurve because it incentivizes both the staking user and the rewarding partner organization/s. For the staking users, it is a passive income channel through new tokens, while for the organizations, it is an opportunity to build a strong community base and increase business exposure. Another important issue that CryptoCurve is trying to alleviate is the token velocity problem.

Next up is the Nuke function which has gathered a lot of attention from the crypto community. I am sure every one of us in the crypto community has felt a sense of helpless when bitcoin, without any warning, goes on one of its customary dives. Most of the experienced crypto investors will advise that the best way to work around this is to convert all of your coins/tokens/ into a stable coin and when the dumping has finished, buy back into the market. However, in reality, this advice is usually easier said than done; by the time you get your crypto from your wallet to appropriate exchanges (could be a big number!) that trade them, the dumping may have finished and you might already be REKT!

Now, imagine if you have a function in your wallet that allows for liquidating all of your portfolio or part of it into BTC, ETH or a stable coin at the click of button. This is exactly what you will get with the nuke function! Conversely, when the dumping has finished, your previous holdings can be converted back proportionally using the snapshot that was taken before you nuked it.

Note that only the BTC dumping scenario was discussed above. In actual fact, the Nuke function would be equally effective if bitcoin pumps leaving alt coins behind. In this scenario, you would want to nuke all your token/coins into BTC.

Curve SDK

The objective of the Curve SDK is to simplify blockchain development so that the development of Apps on the Curve platform is efficient. Curve SDK will consolidate all the required technology, tools and resources under one roof so that developers can concentrate more on building their apps while CurveSDK manages the technology behind it. This will include up-to-date technological development resources and technical documentations so that the developers are always kept on top of the latest technical developments.

Another important feature that could increase the appeal of the CryptoCurve platform is the possible flexibility it offers to the developers; the natively interoperable framework of the CryptoCurve platform means that the developers will have the accessibility to different blockchains, APIs and on-chain/off-chain enhancements.

Curve LABS

Curve labs aims to accelerate the growth opportunities for promising blockchain companies through the startup accelerator programs. Partnerships with WanLabs and Pulse Labs have been secured for the startup accelerator programs. In general, the main support features of crypto labs include business development, funding, financial management, legal, public relations, marketing, and technical support.

Final Thoughts

For the long-term success of any crypto project and for that matter, cryptocurrencies in general, there needs to be sustained commitment from developers, blockchain companies and investors. Through the use of their all-inclusive and extensive ecosystem, CryptoCurve offers incentives to these core actors and therefore, I believe that the CryptoCurve team has a winning formula for long-term success.

Before signing off, if anyone would again like to ask the question, “Isn’t CryptoCurve a wallet, just like many out there?

My answer would be “Yes, CryptoCurve does provide a wallet but NO (emphatically!), it is much more than just a wallet.