Wednesday, February 19, 2025

Palmera Launches XSafe Multisig Smart Account on Neo X for Enhanced Security

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KEY TAKEAWAYS

  • Palmera has launched XSafe, a multisig Safe smart account on the Neo X blockchain, enhancing security for users.
  • XSafe requires multiple signatures for transaction approval, ensuring decentralized decision-making and increased security.
  • Integration with Neo X strengthens asset management, with support from wallets like MetaMask and Ledger for seamless user access.

Palmera has introduced XSafe, a multisig Safe smart account on the Neo X blockchain. This new application aims to provide Neo X users with enhanced security features through multisig services, supporting decentralized collaboration and decision-making.

A multisig, or multi-signature, Safe smart account requires multiple signatures from authorized user addresses to approve transactions. This method enhances security by ensuring that no single individual can access or transfer funds without reaching a consensus among authorized users.

Safe is recognized as one of the largest smart account ecosystems on the Ethereum Virtual Machine (EVM), utilized by over 200 projects and securing more than $100 billion in assets. Palmera, serving as an aggregation layer, enables users to manage Safe multisigs across various blockchains.

Integration with Neo X Ecosystem

The introduction of XSafe further strengthens the asset management infrastructure on Neo X. Since its launch in July, several wallets, including Echooo, Gate, NeoLine, Atomic, Neon, and Math, have integrated with Neo X. The addition of Safe’s multisig smart account by Palmera enhances the security and management capabilities available to users.

Users can access XSafe using familiar wallets such as MetaMask, WalletConnect, and Ledger, among others. This accessibility allows for seamless integration into existing workflows, providing users with a robust tool for managing their digital assets securely.

For more details on the launch of XSafe, visit the official announcement here.


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Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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