DAOGroup rolls out new DAOWallet product

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Last Update: September 21, 2022

2 mins read

The solution features multiple options, including the ability to export private keys, sponsorship transactions as well as overall improvements on the user interface (UI) and bug fixes.

All of this comes as part of the latest update featuring the DAOBet mainnet designed to achieve exceptional transactional speeds, up to 3,000 operations per second and 0.1 latency. The company has introduced a number of state-of-the-art algorithms, including RANDPA creating what has been described “impregnable security.”

To further bolster security, DAOWallet is leveraging the 2FA function, which is the world’s leading standard for safety. The choice of technology is essential to establishing the cryptocurrency wallet as one of the most secure alternatives presently on the market.

Owing to the two-factor authentication, consumers will feel safe carrying out transactions and managing their funds. Private keys will now be subject to exports to other applications. One of the reasons why DAOWallet has chosen to implement this function is to try and unify all crypto-related operations, becoming essentially a one-stop-wallet for all such transactions.

DAO has also focused on streamlining the sponsorship transaction experience as part of the BET ecosystem, the company specified in the official announcement. DAO uses BET Tokens as part of its sportsbook.

As a result of the improvements in the DAOWallet, users will now be able to freely transact these tokens. Consumers will not be subject to any taxes as the ecosystem will pick up any fees. Not least of all, DAO has focused on creating a more innovative user interface to further facilitate the experience for the end-user.

Several bugs have been removed from the core code to guarantee technical malfunctions won’t account, although the company cautioned that such issues were an inevitable part of the process of developing a sophisticated piece of software.

The DAOWallet launches as part of the unification of all of DAO’s assets under the DAOGroup name, including DAOBet, DAOPlatform, DAOWallet, and DAOGames.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Roman

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Roman is a big crypto enthusiast and a bigger sports fan, so crypto sports betting comes as a major interest for him. Has been involved with the gambling industry since 2017 and sees crypto as a major breakthrough for the payments side, specially beyond first world countries.
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