Binance has introduced the beta version of a new browser extension that allows users to manage their crypto assets directly through Chrome. Let's examine the main features and potential security risks.
Launch of the Beta Extension
On August 26, Binance announced the launch of the beta version of its browser extension, which allows users to manage their crypto assets and interact with decentralized applications (dApps) directly from a web browser. The extension utilizes keyless multi-party computation technology, eliminating the need for a traditional private key.
Multi-Party Computation Technology
This technology splits the private key into multiple fragments that are stored by different parties or devices. In the case of this extension, the key will be divided into three separate shares, removing a single point of access. Users can log into their account by scanning a QR code or import existing wallets using a seed phrase or private key.
Security Risks of the Extension
Despite its advantages, this new technology also introduces new risks. Hackers can create fake extensions or websites to gain access to users' crypto wallets. Users should be particularly cautious to verify the legitimacy of the downloaded extension and ensure that QR codes are accurately presented to avoid fraud.
The introduction of the Binance wallet browser extension marks a significant step in crypto asset management. However, users must remain aware of the existing security risks and take necessary precautions.
