Bitget Upgrades Wallets with Advanced Security Technology
The cryptocurrency exchange Bitget has recently announced an upgrade to its platform wallets, implementing Multi-Party Computation (MPC) technology to enhance security measures. This advanced technology aims to boost wallet protection by utilizing distributed computing, homomorphic encryption, and a Trusted Execution Environment (TEE).
The upgrade focuses on dividing private keys into segments across multiple servers, ensuring that transactions can happen without the risk of keys being revealed in one location. Additionally, the implementation of TEE provides hardware-level security, further fortifying the overall wallet infrastructure. This latest upgrade is part of Bitget’s ongoing efforts to implement innovative security solutions to guarantee a secure and reliable platform for its users.
Managing Director at Bitget, Gracy Chen, emphasized the company’s commitment to providing top-notch security measures by incorporating MPC technology into their wallets. Chen also expressed Bitget’s intention to continuously adopt new and innovative technologies to maintain the platform’s security and reliability.
Bitget Unveils New Smart Copy and Smart Money Modes
Bitget, the leading cryptocurrency exchange, has been actively enhancing its platform by introducing major updates over the past year. One significant addition in 2023 was the introduction of the “Smart Copy Mode,” an upgraded copy trading system that allows users to allocate investments and execute trades based on their total assets rather than a fixed amount. This new feature aims to simplify the copy trading process and assist novice traders in investing more strategically.
Furthermore, the Bitget Wallet, previously known as BitKeep, launched a cutting-edge automated tool called “Smart Money.” This artificial intelligence-powered tool tracks over 6,000 high-performing crypto addresses to identify potential signals and trends. The primary goal of this tool, according to Bitget Wallet’s COO, Alvin Kan, is to bridge the gap between ordinary investors and “Smart Money,” empowering users to make informed investment decisions.
Bitget’s Transformative Year
2023 proved to be a transformative year for Bitget. Alongside rebranding efforts, the cryptocurrency exchange saw substantial growth, exceeding 12 million global users. According to Bitget’s 2024 report, the exchange experienced a remarkable 94% jump in crypto spot trading volumes, further highlighting its success and popularity within the industry.
The user base also more than doubled in size, reaching an impressive 20 million users. To support this remarkable growth, Bitget expanded its team to include over 1,500 employees. These developments solidify Bitget’s position as a leading cryptocurrency exchange, dedicated to continuously improving its offerings and providing a reliable and secure platform for its users.
In conclusion, Bitget’s recent upgrade to its wallet infrastructure through the implementation of MPC technology underscores the company’s commitment to ensuring the security and reliability of its platform. Additionally, the introduction of innovative features like Smart Copy Mode and Smart Money showcases Bitget’s dedication to enhancing its services and empowering users to engage in strategic investments. Overall, Bitget’s transformative 2023 highlights the exchange’s steady growth and success within the cryptocurrency industry.
Analyst comment
Positive news:
– The upgrade of Bitget’s platform wallets with advanced security technology is positive news as it enhances the security measures for users, reducing the risk of key exposure and fortifying the overall wallet infrastructure.
– The introduction of Smart Copy Mode and Smart Money modes simplifies the trading process and empowers users to make informed investment decisions, benefiting novice traders and bridging the gap between ordinary investors and more knowledgeable traders.
Neutral news:
– Bitget’s transformative year in 2023, with substantial growth in users and trading volumes, showcases the exchange’s success and popularity within the industry.
Market analysis:
Given Bitget’s commitment to security and continuous adoption of innovative technologies, combined with its transformative growth and success in the cryptocurrency industry, it is expected that Bitget’s market position will strengthen further, attracting more users and increasing trading volumes. The introduction of new features like Smart Copy Mode and Smart Money will likely contribute to the overall growth and success of the platform.
