Many of these systems also had points of centralization that reduced censorship resistance. Few solutions had made significant progress in streamlining the user onboarding experience but had long been plagued by the trilemma of sacrificing security or redundancy for convenience. To fix this - the BSC community started considering multiple private key management solutions. The search for a perfect non-custodial key management solution Especially with the increase in the adoption of decentralized apps, mismanagement of private keys was rampant leading to significant financial loss. The Binance Smart Chain (BSC) ecosystem knew how important it was to make key management and onboarding easy for mainstream crypto adoption. Users have lost crypto worth over $150bn (Worth more than even GDPs of several nations) due to inefficient management of their private keys.
Key management is a long-standing problem in crypto. It currently supports Chrome, Firefox, and Brave. The extension allows users to securely store crypto and connect to thousands of projects across different blockchains. About Binance Chain Extension Wallet (BEW)īinance Chain Extension Wallet is the official Binance cryptocurrency wallet for accessing Binance Smart Chain, Binance Chain, and Ethereum.
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