• Elitsa Taskova, the head of product for the Nexo wallet, recently sat down with the host of the SlateCast podcast, Akiba, to discuss the company’s new non-custodial wallet.
• The wallet took several months to develop and the team decided to focus on creating a smart wallet that utilizes smart contracts and is non-custodial.
• The combination of the wallet’s smart contract capabilities and its non-custodial aspect allows users to have complete control over their own keys and coins.
Nexo recently released a new non-custodial wallet, and the timing of the release is particularly interesting given the recent issues with exchanges and the focus on non-custodial solutions. Elitsa Taskova, the head of product for Nexo, recently sat down with the host of the SlateCast podcast, Akiba, to discuss the wallet.
The development of the wallet took several months and involved a lot of decision-making. The team decided to focus on creating a smart wallet that utilizes smart contracts, and also decided to make the wallet non-custodial, as they believe that users should have full access to their own keys.
The combination of the wallet’s smart contract capabilities and its non-custodial aspect is a key differentiator. On one hand, the smart contract capabilities of the wallet allow for greater flexibility and the ability to create new and innovative solutions on top of blockchain technology. On the other hand, the non-custodial aspect of the wallet allows users to have complete control over their own keys and coins.
Taskova also emphasized the importance of the user experience when developing the wallet. The team wanted to create a wallet that was easy to use and intuitive, while still maintaining a high level of security. To this end, the team has implemented various security measures such as two-factor authentication and multi-signature support.
The launch of the Nexo wallet is significant, as it shows the company’s commitment to providing users with a safe and secure way to store their coins and tokens. The non-custodial aspect of the wallet is particularly important, as it enables users to have complete control over their own keys and coins. This is especially important in light of recent issues with exchanges and the increasing focus on non-custodial solutions.