CoolBitX is ending Q1 2022 with a flurry of big announcements, with the latest news that CoolWallet Pro, its credit card-shaped Bluetooth hardware wallet, now offers native cold storage support for both Cardano (ADA) and Polygon (MATIC)
This latest integration coincides with the rollout of CoolWallet support for Crypto.org Chain (on top of supporting Cronos (CRO), the rebranded Crypto.org Coin earlier this month) as well as native support for MetaMask users. CoolWallet has further announced plans to support Solana (SOL), Terra (LUNA), and other quality cryptocurrencies in 2022.
Cardano and Polygon have both been on the radar of the CoolWallet development team after their stellar growth in terms of both price and community last year. Following Cardano’s smart contract-enabling Alonzo upgrade in September 2021 and Polygon establishing itself as the leading Ethereum layer-2 chain, the CoolWallet team had been hard at work integrating these dynamic smart contract networks into their cold wallet and mobile app.
What is Cardano (ADA)?
Cardano (ADA) is a proof-of-stake (PoS) blockchain platform fronted by Ethereum co-founder Charles Hoskinson that is the first to be founded on peer-reviewed research and developed through evidence-based methods. Cardano merges cutting-edge technology and strong security and sustainability to decentralized applications, systems, and societies.
With a strong focus on emerging economies and financial inclusivity for the billions of unbanked globally, Cardano’s community of academics, developers and engineers aim to redistribute power from unaccountable structures to individuals and be an empowering force for positive change and progress.
What is Polygon (MATIC)?
Polygon (MATIC) is a decentralized Ethereum scaling platform that aims to “bring the world to Ethereum”. The expanding layer-2 network enables developers to build scalable user-friendly dApps with low transaction fees without sacrificing on security. Due to Ethereum’s systemic high transaction fees and network congestion, Polygon has seen tremendous growth in 2021. This can be attributed to its fast and cheap-to-use network, and user-friendly features such as its seamless EVM and Web3 compatibility which is tailor-made for DeFi and NFT activities via Ethereum wallets like MetaMask. Polygon’s native asset MATIC surged in value from $0.018 in January 2021 to a staggering $2.90 by the end of last year.
What is Cronos and Crypto.org?
Crypto.org Chain is an open-source and decentralized public blockchain, designed as a public good with high speeds and low fees to help drive blockchain mass adoption through use cases like payments, DeFi, and NFTs.
Cronos is an EVM-compatible smart chain designed to support the creator economy with applications such as DeFi and GameFi, ultimately serving as a foundational infrastructure for the metaverse. Crypto.org Chain and its EVM chain Cronos (built on Ethermin based on the Cosmos SDK) are comparable to Binance Chain and Binance Smart Chain respectively. The networks share the same utility token $CRO, which was recently rebranded from Crypto.org Coin to Cronos.
Live since November 2021, Cronos transactions are much faster and cheaper than on the Ethereum mainnet, making dApps and smart contracts more user and environmentally friendly. There are currently over 350,000 unique wallet addresses performing transactions on Cronos, with 120+ dApp builders in all categories.
CoolWallet is the world’s original Bluetooth hardware wallet. First launched in 2016, the CoolWallet S (for novice traders) and CoolWallet Pro (for experienced traders and investors) offer multi-currency support as well as a plethora of crypto security features and DeFi and NFT services to ensure the most convenient cold storage experience for crypto asset owners.
CoolWallet Pro is a credit card-shaped cold wallet that boasts an elite EAL6+ secure element chip, a military-grade AES256 Bluetooth paired encryption with your phone, well as 2+1 Factor Authentication (biometric and physical verification steps) to ensure the safest crypto cold storage and self-custody available. To further fortify its reputation as the world’s most convenient and rugged hardware wallet for everyday use, CoolWallet is also tamperproof (thanks to patented cold compression manufacturing) and completely waterproof.
The intuitive CoolBitX Crypto app (iOS/Android) also offers integrated support for the world’s leading crypto solutions such as popular Web 3 wallet MetaMask, NFT marketplaces OpenSea and Rarible, QR code-powered WalletConnect (for decentralized protocols like UniSwap and other DEXs), crypto and fiat exchange services 1Inch, Changelly, ChangeHero, Banxa and Simplex, as well as unique staking opportunities and other value-adding services.
CoolBitX Ltd. (CBX) is an international blockchain security company that is building the infrastructure necessary to close the gap between the mainstream market and crypto industry. Founded in 2014 by Michael Ou and backed by SBI Holdings, CoolBitX provides solutions for a rapidly-changing blockchain industry in order to foster the mass adoption of virtual assets through its two product lines: CoolWallet and Sygna. CoolWallet is a credit card-sized hardware wallet that allows for Bluetooth-enabled pairing with users’ mobile phones. The Sygna line of regulatory compliance products are tailored toward Virtual Asset Service Providers (VASPs), simplifying the process for VASPs to meet the compliance standards of the traditional financial industry and improve the reputation of the virtual currency industry.
For more information on CoolBitX, visit https://coolbitx.com/.