The concept of Web3 encompasses the vision of a next-generation, decentralized Internet that puts an enormous emphasis on security, autonomy, and privacy. It is what the whole blockchain and crypto ecosystem, including NABOX, has been working towards ever since its inception. And since the wallet is the tool that enables users to interact with this decentralized Web3 world, we decided to take you on an exploratory journey of the different types of wallets existing in the crypto space.

We will evaluate their characteristics and features, with the aim of helping you choose the right wallet for your needs. In fact, given the enormous amount of scams and frauds taking place in the space on a daily basis, it is of utmost importance for you to know how safe and protected your funds will be when different types of wallets are used. Additionally, we will use this opportunity to demonstrate NABOX Wallet’s advantages and benefits.

Crypto vs. Web3 Wallets

A crypto wallet is generally a service enabling users to send and receive cryptocurrencies, whereas a Web3 wallet may have added support for other crypto assets such as NFTs, virtual land or GameFi rewards. A Web3 wallet usually enables you to interact with decentralized applications (dApps) and is essentially your gateway into the Web3 world. Though, both crypto and Web3 wallets can share similar characteristics in terms of security, custody, and centralization, and can be divided into:

Centralized vs. decentralized wallets

Custodial vs. non-custodial wallets

Hot vs. cold wallets

Centralized vs. Decentralized Wallets

A centralized wallet is a service offered by a centralized exchange. It is easy to set up and use, comes with a clean interface and technical support. The downside is that users’ accounts and funds are stored and managed by one centralized entity which by extension represents a single point of failure and is vulnerable to attacks. Centralized exchanges, part of the so-called CeFi (Centralized Finance as opposed to DeFi, Decentralized Finance) sector of the crypto economy, represent a critical systemic risk for the industry as we have repeatedly witnessed throughout 2022, lately in the FTX debacle. However, they are essential for the onboarding of new users into the space and, in general, for crypto’s mass adoption.

On the contrary, decentralized wallets store and manage funds and assets in a decentralized manner, and thus provide a higher level of security, privacy, and autonomy. The NABOX Wallet, of course, falls in that category.

Custodial vs. Non-Custodial Wallets

A beginner user will surely be confused when hearing the term “custody” in the context of wallets, but it is an important concept in the crypto space. In essence, it refers to who is responsible for managing and storing users’ private keys, and by extension their funds and assets.

Centralized wallets are usually custodial wallets i.e. a third-party centralized entity providing the service also controls users’ private keys. Such wallets are the preferred option for inexperienced crypto users who often feel overwhelmed by the “daunting” job of private keys management. When using a custodial wallet they are not required to keep, store or even care for their private keys. But, whoever controls the private keys, controls what is stored in the wallet and we can safely say that your funds are not really yours if you don’t have your private keys.

Non-custodial wallets are a safer option since users are responsible for the protection of their own private keys. Beginner crypto users may find non-custodial wallets a bit more difficult to use, but in return their assets would be in their full control. Indeed, if you lose your seed phrase, your funds will be effectively gone, but on the bright side, you’ll have only yourself to blame.

Naturally, the NABOX Wallet is also non-custodial: your private keys and mnemonics get encrypted and stored locally in your device. That way, neither NABOX nor the websites and dApps you are interacting with have access to them.

Hot vs. Cold Wallets

As you may have figured out already, the categories of “hot” and “cold” do not refer to the wallet’s physical temperature, but instead translate into whether the wallet is connected to the Internet or not. As a rule, hot wallets are software wallets that live on the Internet and can only be used when online. They may take the form of a desktop or a mobile application, or a browser extension. Hot wallets may be custodial or non-custodial, so make sure you take that into account when choosing a wallet.

The NABOX Wallet is currently existing as a Chrome and Brave browser extension, although a mobile application is in the works as well.

On the other hand, cold wallets can be used offline and are considered one of the most secure solutions for self-custody of crypto assets. The most popular cold wallet solutions are the hardware wallets — USB key-like devices designed to store the private keys of their owner.

Fortunately, some software wallets, the NABOX Wallet included, allow for the integration with a hardware wallet aimed at delivering higher levels of security.

What are smart wallets?

Smart wallets are a new generation of crypto wallets that try to combine the user-friendliness of hot wallets with the security of cold ones. They often replace the traditional crypto wallet identification process consisting of a seed phrase with simply a combination of an email address and a password. Additionally, unlike other crypto and Web3 wallets where losing your seed phrase automatically means losing your money, smart wallet accounts can be restored. They also offer a social recovery process that entails the use of several keys held by different people.

The research and innovation in the crypto wallet department continue. Such new features and options as those introduced by the smart wallets are necessary if we want to close the gap between Web2 and Web3 and to make users as comfortable as possible with crypto.

What is NABOX vision for a Web3 wallet?

Nabox is a cross-chain DID application built for Web3.

With Nabox, you can manage assets across different blockchains whether for DeFi, GameFi, NFTs, and other use cases that come up. Nabox is your gateway to the multi-chain world. Nabox uses an asymmetric cryptographic algorithm as the basis of Nabox's DID. Users use the same set of keys and public keys to manage assets and data on different blockchains.

#Web3 #nabox #nuls #wallet #koinmilyoner

Stargate Finance is the first project on LayerZero. Being a member of Stargate Finance DAO has a chance to get airdrop of LayerZero. This tutorial aims to guide you how to become a member of Stargate Finance DAO.

Stargate DApp has now been listed on Nabox Wallet (both App and Chrome plugin). Install Nabox Wallet: nabox.io.

Step 1: Switch network to Ethereum，then swap to get some $STG by SwapBox.

⚠️If you already have $STG, you can skip this step.

Step 2: Enter Stargate DApp, then connect your wallet. Click “Stake” to stake $STG. It’s your choice to stake $STG for 1–36 months. Then click“Create Stake” to stake.

Step 3: Stake $STG to get Voting Power. Click “Join” on Snapshot page, then you can vote.

⚠️Now all the vote channels are closed, but you can still follow stargate twitter and community announcement to wait for the new voting.

Step 4: We suggest you use stargate to cross-chain bridge your assets once a day for 5 days.

#Binance #crypto2023 #BTC #BNB #nabox

What is WNULS

The launch of ENULS brought more opportunities to NULS ecosystem and expanded the fundamental use cases for original NULS assets. To meet more DApp requirements and community demands, WNULS was created.

WNULS is the wrapped version of NULS assets used on ENULS blockchain. Minted on SwapBox and characterized by a 1:1 peg ratio with the native NULS token. You can use WNULS to interact with ENULS-based dapps.

Given an example of Wormhole3, a web3 curation platform built on ENULS. You can use Wormhole3 to create a curation and reward those who interact with your curation with WNULS tokens, but you can’t reward them with NULS token native, because the smart contract of wormhole does not support NULS native tokens. That being said, the following content will guide you the exact step to obtain WNULS tokens!

How to get WNULS on SwapBox

Visit SwapBox DApp ( https://swapbox.nabox.io/), and Switch to ENULS network.

To proceed, you will need NULS token on your ENULS blockchain, if don’t have any, click here to learn How to crosschain NULS token from NULS to ENULS.

Swap “NULS” to “WNULS”

Select “NULS” assets, enter the amount.

Select “ENULS” as your target asset.

Click “Next”.

Confirm your order.

Sign the transaction with your wallet password.

Congratulations, you have now successfully completed the swap! It uses the same swapping route when you want to swap back. In the action, very little NULS as the gas fee is charged, in fact, the whole ENULS blockchain is very gas-friendly!

#nuls #enuls #nabox #nervenetwork #koinmilyoner

As a participant in the Linea DeFi Voyage, SwapBox will take you on an exciting adventure through the world of decentralized finance. This one-of-a-kind event is geared for investors of all experience levels, from novices to seasoned professionals. All aspects of DeFi are being covered in this six-week journey, which is presently in its fifth week. The partnership with Intract and MetaMask Learn has made this journey even more enjoyable.
Traveling Beginning on November 7th, the Linea DeFi Voyage is a program that lasts for a total of six weeks and provides participants with an experience that is not only instructive but also intuitive and immersive.
Journey with Linea DeFi
A DeFi experience that is user-friendly, engaging, and informative will be made available to all users via Linea's DeFi Voyage. This includes first-time web3 investors as well as seasoned investors. Linea is collaborating with us to create a six-week Voyage that will cover all aspects of the decentralized finance industry.
Wave 0: DeFi Voyage Launch
Wave 1: MetaMask
Wave 2: Bridging and Onramps
Wave 3: Token Swaps
Wave 4: Lending and Borrowing
Wave 5: Liquidity Provision and Yield Farming
Wave 6: Proof of Humanity
Regarding Nabox
A cross-chain DID application that was developed for Web3 is called Nabox.
Nabox allows you to manage assets across several blockchains, including DeFi, GameFi, NFTs, and any other use cases that may arise in the future. In the universe of several chains, Nabox serves as your entry point.
An asymmetric cryptographic technique serves as the foundation for Nabox's digital identification system (DID). When it comes to managing assets and data across many blockchains, users make use of the same set of keys and public keys together.
The purpose of SwapBox is to give customers with asset swap and asset cross-chain swap, as well as to intelligently determine the optimum swap channel. SwapBox does this by aggregating popular decentralized exchanges (DEXs).
Check Out More:
Using SwapBox, Linea Voyage DeFi will bridge the gap between $ETH and Linea.
This article will explain how to use SwapBox's liquidity function to deposit ETH (Linea) into ETHN (Linea).
About the Intract
Web3 users are able to connect with and explore the communities of their choosing with the assistance of Intract. Intract is used by web3 projects to gain power users and foster community participation, while 1.4 million or more verified on-chain users are educated about web3 through hassle-free, gamified, and personalized trips.
We invite you to become a significant partner in the Linea ecosystem by accompanying us on this extraordinary adventure. Have a safe journey!
#NULS #nabox #Web3🤝🥊🌐

#nabox is a decentralized identity (DID) solution designed for the Web3 ecosystem, with the capability to operate across many blockchain networks.
Nabox facilitates the management of assets across many blockchains, encompassing DeFi, GameFi, NFTs, and other emerging use cases. Nabox serves as a means of access to the multi-chain ecosystem.
The Nabox ID system is built upon an asymmetric cryptographic technique, serving as the foundation for Nabox's Decentralized Identifier (DID) framework. In the context of managing assets and data across many blockchains, users commonly employ a consistent set of keys and public keys.
SwapBox is a platform that consolidates many decentralized exchanges (DEXs) in order to facilitate asset trade and asset cross-chain exchange for users. It employs clever algorithms to identify the most optimal exchange path for customers.
The finalization of the work pertaining to the facilitation of NRC 1155 Token functioning.
The finalization of the developmental processes pertaining to the facilitation of Segregated Witness (SegWit) support.
The internal testing phase for iOS 3.0.8 and Android 3.0.7 has commenced, and it is anticipated that both versions will be released during the current week.
Commence the implementation of measures aimed at facilitating the operational capabilities of NRC 1155 Tokens.
Enhance and revise the account management roster.
Address and optimize the issues that have been identified and reported online.
The repair and optimization of the Nabox ID job module for the iterative version will be finalized, followed by the commencement of the initial round of internal testing.

#Web3Wallet #NULS

The journey that began with the Bitcoin whitepaper and ended with the thriving ecosystem of Web3 technology has been nothing short of extraordinary. We follow the development of digital currencies as they prepare the way for the Web3 frontier, which is a new internet paradigm that is supported by blockchain technology and decentralized ideas. This guide traces the growth of digital currencies.
The purpose of this book is to offer a thorough grasp of the application of Web3 technology. Through this discussion, we will dig into the meaning of web3, web3 projects, web3 domains, investigate the fundamental principles that underpin web3, and investigate how to invest in web3. We are going to uncover the reasons why Web3 is not only a technological leap, but also a cultural and economic revolution that is set to transform the internet as we know it. This will be done as we dissect the significance of Web3.
Provide an Overview of the Web3 Technology
When seen in the context of the fast changing environment of the digital world, Web3 technology appears as a paradigm shift that is revolutionary and redefines the way in which we engage with the internet. It marks a big jump beyond the old, centralized web, which is commonly referred to as Web2. It is founded on the concepts of decentralization, transparency, and user empowerment.
Blockchain technology, the same revolutionary drive that propelled cryptocurrencies like Bitcoin to the forefront of public attention, was the driving reason behind the development of Web3. Nevertheless, it encompasses a far wider scope than only digital currency. A broad variety of decentralized apps (dApps), smart contracts, and a new generation of internet services and platforms that function independently and are not controlled by a single body are all included in its spectrum of applications.
Providing an All-Inclusive Guide to Web3 Meaning
The definition of web3 encapsulates the core of a decentralized online environment that is supported by blockchain technology. One might think of it as an umbrella word that encompasses an internet in which users have complete control over their data, identities, and transactions. The principles of decentralization, openness, and increased user utility are the foundations upon which this vision for the future generation of the web is built.
blockchain technologies based on web3
Blockchains serve as the foundation for Web3 technology. Image taken by Shubham Dhage and published on Unsplash.
Web3, in contrast to its predecessors, makes it possible to create an internet that is centered on the user by utilizing the ideas of bitcoin economics, communal governance, and irreversible records. Within the framework of "what is web3 technology," we discover the blueprint for a web that is both participatory and interoperable. In this web, the networks are maintained by the users themselves, rather than by businesses that specialize in technology.
A player from BitStarz has won a record-breaking $2,459,124! Are you the next great winner in the game?
To add insult to injury, the notion of web3 encompasses not only the structural and functional alterations, but also the philosophical move toward a digital realm that is self-governing, resilient, and equal.
A Definition of Web3
As the third generation of the internet, Web3 is characterized by decentralized networks that make use of blockchain technology and token-based economics. Web3 is also known as the third generation of the internet. A transition is taking place from the act of consuming material to the act of owning and contributing to the assets and operations of the network. This condensed description of web3 comprises a future in which the internet functions independently, with the assistance of distributed ledger technology, and is not subject to the supervision of centralized authority.
An Analysis of the Development of Web1 to Web2 to Web3.0
From Web1 to Web2 and now to Web3.0, the digital world has experienced a dramatic metamorphosis, with each phase representing a crucial shift in how the internet is built and utilized. We are currently in the third phase of this revolution. It is possible to interpret this progression as a progression from static web pages to interactive experiences, and then eventually to a web that is decentralized and directed by the user.
Placement of Emphasis on Renowned Projects
There are a few projects that stand out in the large and varied landscape because of the unique contributions they have made and the essential roles they have played in molding the future of decentralized technology. The projects that are being discussed here, which include anything from user-centric applications to infrastructure frameworks, are not only pioneers in the field, but they also serve as the foundation for a new era of the internet. First, let's have a look at some of the most prominent Web3 initiatives that are at the forefront of this digital revolution.
Ethereum (ETH)
The Ethereum blockchain serves as the fundamental support structure for a wide variety of enterprises. Not only does it support its own cryptocurrency, Ether (ETH), but it also facilitates the creation and operation of decentralized apps (dApps) and smart contracts. This is because it is a decentralized platform. Because of its adaptability and significant user base, it has become the platform of choice for developers working in this sector.
Solana
It is because of its high throughput and rapid transaction rates that Solana has garnered prominence as a platform for decentralized applications (dApps), notably in the decentralized finance and non-financial transaction industries. Proof-of-stake and proof-of-history are both components of its one-of-a-kind consensus process, which provides a solution that is both effective and scalable.
Chainlink
Chainlink is a decentralized oracle network that gives smart contracts on the blockchain access to data that is based on the real world. Through the establishment of a safe and dependable connection between these applications and off-chain data and services, it plays a significant part in the operation of a wide variety of decentralized applications, notably in the field of DeFi.
Nabox
A cross-chain DID application that was developed for Web3 is called Nabox.
Nabox allows you to manage assets across several blockchains, including DeFi, GameFi, NFTs, and any other use cases that may arise in the future. In the universe of several chains, Nabox serves as your entry point. An asymmetric cryptographic technique serves as the foundation for Nabox's digital identity information (DID). When it comes to managing assets and data across many blockchains, users make use of the same set of keys and public keys together.
SwapBox is a decentralized exchange that brings together popular DEXs in order to provide customers asset trading and asset cross-chain exchange, as well as to intelligently discover the most advantageous exchange method.
#Web3Wallet #nabox #AltCoinSeason