Linen recently launched early access to the Gnosis Safe multi-signature wallet on mobile. This allows users on mobile devices to enjoy DeFi and Web3 without compromising security and usability. Linen also covers transaction fees on Polygon. Polygon is the second deployment of Gnosis Safes by the Linen team and provides transactions fees-free experience.
Linen Wallet’s mission is to empower crypto users globally to make no compromises between top-level security and ease of use. However, transaction fees on Ethereum made the blockchain prohibitive for most crypto enthusiasts, including Linen’s users. Being one of the most adopted and scalable blockchains, Polygon allows crypto users to enjoy DeFi with low fees.
Furthermore, with Linen, users can enjoy DeFi and Web3 with no gas fees on Polygon – Linen covers them! Users will also be able to link Linen Wallet to other Web3 applications and platforms. The Polygon Network is already supported in Linen Wallet with early access.
Integrating Polygon was pretty straightforward as it is an EVM-compatible blockchain, and the Gnosis team has already deployed their contract factory to the Polygon chain. Overall, it took the Linen team about two weeks + additional testing for this integration.
This integration helps safely onboard millions of new crypto users, who can get the best of DeFi and Web3 without paying high fees and without writing down a seed phrase thanks to Linen’s seamless wallet backup and recovery. Furthermore, not only can Linen’s users transact on Polygon without paying gas fees, they can also do that while securing their assets with top-level security.
Linen multi-signature architecture doesn’t have a single point of failure. It secures the wallet using three keys, and 2 of 3 keys are required to make a transaction – If a hacker gets access to one key, they still can’t access the wallet. If users lose one key, they still have access to funds. It’s impractical for a hacker to attempt to access the wallet, impractical for users to lose it. That’s what makes Linen unique.
Looking forward, Linen is already working on providing greater assets coverage and releasing new features for users to earn a yield on stablecoins and other cryptos directly in the app and with no transaction fees on Polygon.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
About Linen Wallet
Linen Wallet is the first non-custodial wallet to make Gnosis Safe multi-signature technology accessible and easy to use for everyone. Backed by Coinbase Ventures, Polychain Capital, HashKey, and a community of over 5,000 investors via Republic, Linen Wallet empowers crypto users globally to make no compromises between top-level security and ease of use.
Source : cryptodaily.io