Is the wallet on the Ouyi chain safe?

Ouyi Chain Wallet is a multi-chain self-hosted wallet with security measures including private key security, multi-signature, password encryption and biometric identification. Users are also responsible for keeping their wallets secure, such as creating strong passwords, backing up mnemonic phrases, careful authorization, and regular updates. Since its launch, no security incidents have occurred in the wallet on the Ouyi chain, and its security measures are at a leading level compared with other wallets to ensure the safety of user funds.

Security of Ouyi Chain Wallet

Ouyi Chain Wallet is a multi-chain self-hosted wallet developed by Ouyi Exchange, and its security is crucial.

Security Measures

Ouyi Chain Wallet adopts a variety of security measures, including:

• Private Key Security: Private keys are stored on the user’s device, not on the server.
• Multi-Signature: All transactions need to be approved by multiple devices to improve security.
• Password Encryption: Passwords are encrypted using a hash algorithm to ensure security.
• Biometrics: Supports biometric unlocking such as fingerprint or facial recognition.
• Anti-phishing protection: Built-in anti-phishing mechanism to prevent users from visiting fake websites.

User Responsibility

In addition to the security measures provided by Ouyi Wallet, users are also responsible for protecting the security of their wallets:

• Strong Password: Create a strong password that contains uppercase and lowercase letters, numbers and symbols.
• Mnemonic Phrase Backup: Remember or back up your wallet mnemonic phrase to facilitate wallet recovery.
• Authorize with caution: Check the security carefully before authorizing any website or application to connect your wallet.
• Regular Updates: Keep the wallet app up to date to get the latest security patches.

Security record

Since its launch, the Ouyi chain wallet has not had any security incidents. This shows that its security measures are effective and user funds are protected.

Comparison with other wallets

Compared with other on-chain wallets, the security measures of the Ouyi chain wallet are at the leading level. It offers security-enhancing features such as multi-signature, anti-phishing protection, and biometrics.

Conclusion

Ouyi Chain Wallet is a secure on-chain wallet that uses a variety of security measures to protect user funds. By following best security practices, users can ensure the security of their wallets and the safety of their funds.

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