
Hey friends, and welcome to another biweekly update. We’re busy this week as usual, creating new white-label wallets, developing the new Wallet SDK, and oh, we’re at  **TOKEN2049 Dubai**. Drop by and say hello if you happen to be here too!

Anyways, here’s a quick rundown of this week:

# Progressing our Wallet SDK

Yet another week of focusing on our Wallet Software Development Kit (SDK), which if you recall from the last two updates, is:

> _a new offering designed to seamlessly incorporate KryptoGO wallet features into existing applications. We’ll post a much more comprehensive update once version 1 of the SDK is complete._

Our Wallet SDK now supports the following  _new_  features:

-   authentication via the exchange of login tokens
-   creating a new wallet
-   restoring your wallet
-   secret-sharing (sharding) logic

# Korean Support

We’ve expanded to our arsenal of languages Korean support. Find it in Settings > Languages.

![](https://miro.medium.com/v2/resize:fit:700/1*vyFKbcASR5ysN5hspvVFgg.png)

Korean support 🇰🇷

# Bugfixes

-   Fixed a bug that caused certain swap operations on Ethereum to fail.
-   Resolved a synchronization issue between the Activity tab and Chatroom’s Send Transaction widget.
-   Fixed a bug where the keyboard wouldn’t collapse properly for NFT Search.

Have feedback, or encountered any issues with any of our products? Don’t hesitate to contact us via Discord, or via any of our other social media links listed below.

# Follow us:

[**Discord**](https://discord.gg/kryptogo)  **|**  [**Facebook**](https://www.facebook.com/kryptogo)  **|**  [**Twitter**](https://twitter.com/kryptogo_)  **|**  [**Instagram**](https://instagram.com/kryptogo_)  **|**  [**LinkedIn**](https://www.linkedin.com/company/kryptogo/) **|**  [**Telegram**](https://t.me/kryptogocom)

Biweekly-20240417.png

More Wallet SDK development, attending TOKEN2049 Dubai, and Korean language support.

Biweekly Dev Update: April 17th, 2024

Hey friends, and welcome to another biweekly update.

### Progressing our Wallet SDK

Yet another week of focusing on our Wallet Software Development Kit (SDK), which if you recall from last week, is:

>a new offering designed to seamlessly incorporate KryptoGO wallet features into existing applications. We’ll post a much more comprehensive update once version 1 of the SDK is complete.

Our Wallet SDK currently supports the following features:

- Login
- Asset list
- Wallet balance
- Wallet overview
- Transaction history
- Select wallet
- Send operation
- Receive operation
- Swap operation

### Bug fixes and improvements
- Fixed a bug where the decimal point was not displaying in the total balance.
- Fixed a bug where the decimal point was not displaying for individual assets.
- Added better error handling for the Swap operation and for the Earn page.
- Fixed a bug where the keyboard wouldn’t collapse on the Earn page.
- Fixed a bug where tokens on the Polygon chain could not be withdrawn on the Earn page.
- Fixed a bug that resulted in incorrect Tron gas fees.
- Fixed a bug that caused popup modals to collapse prematurely during a payment request.
- User-inputted 12-word seed phrases will now be automatically trimmed of extraneous spaces and new lines.
- Positioned and pinned the action button on certain pages correctly at the bottom of the screen.
- Updated the old KryptoGO icon in the DApp browser.

Have feedback, or encountered any issues with any of our products? Don’t hesitate to contact us via Discord, or via any of our other social media links listed below.

Follow us:
Discord | Facebook | Twitter | Instagram | LinkedIn | Telegram

Biweekly-20240403.png

Continuing development for KryptoGO's Wallet SDK.

Biweekly Dev Update: April 3rd, 2024

Hey friends, and welcome back to another biweekly update, albeit a super short one. This week, the development team has concentrated intensely on a wallet Software Development Kit (SDK), a new offering designed to seamlessly incorporate KryptoGO wallet features into existing applications. We’ll post a much more comprehensive update once version 1 of the SDK is complete.For the time being, here’s a short list of bugfixes to the wallet app:<ul><li>Resolved an issue where the “Request Payment” button on the Receive Cryptocurrency Page exceeded the screen boundaries on smartphones with smaller displays.</li><li>Resolved an issue where scanning an address with the scanner on the Send Screen erroneously populated the field with a URL rather than the intended address.</li><li>Addressed a problem where scanning an address failed to automatically select the appropriate corresponding token.</li><li>Resolved an issue preventing CAKE tokens from being sent or swapped.</li></ul>&nbsp;Have feedback, or encountered any issues with any of our products? Don’t hesitate to contact us via Discord, or via any of our other social media links listed below.<h1 style="margin-left:0px;">Follow us:</h1><a href="https://discord.gg/kryptogo">Discord</a> | <a href="https://www.facebook.com/kryptogo">Facebook</a> | <a href="https://twitter.com/kryptogo_">Twitter</a> | <a href="https://instagram.com/kryptogo_">Instagram</a> | <a href="https://www.linkedin.com/company/kryptogo/">LinkedIn</a> | <a href="https://t.me/kryptogocom">Telegram</a>

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A super short update, while the team is engrossed in wallet SDK development.

Biweekly Dev Update: March 20th, 2024

In our preceding article, "<a href="https://www.kryptogo.com/blog/centralized-vs-decentralized-wallets-guide-for-businesses">Centralized Vs. Decentralized: The Ultimate Guide To Choosing The Right Crypto Wallet For Your Business</a>," we explored the differences and advantages of decentralized wallets over their centralized counterparts. Selecting the right wallet type is pivotal for asset security and transactional efficiency. We'll now delve deeper into the various decentralized wallet options, features, and uses, evaluating their fit for diverse user requirements.For a comprehensive understanding of decentralized wallets, we recommend our detailed guide, "<a href="https://www.kryptogo.com/blog/things-you-should-know-about-financial-security-in-the-web3-era">Things You Should Know About Financial Security In The Web3 Era: How Does Token, Private Key, And Wallet (Account) Work?</a>" This will enrich your knowledge about the spectrum of decentralized wallets available.| <a href="https://www.kryptogo.com/blog/crypto-wallets-non-custodial-vs-custodial">Recommended Reading: Crypto Wallets: Custodial Vs. Non-Custodial Wallets</a><h2>Overview of Decentralized Wallets</h2>Let's start with a brief overview of self-custody wallets. Distinct from traditional banking or online payment systems, self-custody wallets empower users with complete control over their cryptocurrency's private keys. This level of control entrusts users with the responsibility of securing their private keys while offering unparalleled freedom and privacy.Based on their network connectivity, self-custody wallets are categorized into hot and cold wallets. Cold wallets, which are offline (like hard wallets or paper wallets), provide superior security but at the expense of transaction convenience. Conversely, hot wallets remain connected to the network and blockchain, encompassing software wallets. These are primarily divided into Externally Owned Accounts (EOAs) and Contract Accounts (CAs), offering swift transactions but with higher security vulnerabilities.&nbsp;<h3>EOA (Externally Owned Accounts) and Address Wallets</h3>EOAs represent a common wallet choice among blockchain users, featuring platforms like <a href="https://www.kryptogo.com/products/wallet">KryptoGO Wallet</a>, Metamask, and Trust Wallet. Controlled by private keys, EOAs enable direct transaction initiation and cryptocurrency management without embedded program logic, ensuring complete control resides with the private key holder.Advantages of EOA Wallets<ol><li>Simplicity and Accessibility: EOA wallets' design significantly lowers the barrier to entry for crypto beginners, facilitating easy asset reception, storage, and transfer without the need for in-depth technical understanding.</li><li>Broad Compatibility: The universal nature of EOAs ensures compatibility with a wide array of Dapps and blockchain services, from DeFi applications to blockchain games and NFT platforms, guaranteeing a seamless and enriching user experience.</li></ol>Disadvantages of EOA Wallets<ol><li>Management Risks: The convenience of EOA wallets comes with the caveat of sole security responsibility. Losing or compromising your private key means irreversible asset loss—a daunting risk for those less versed in cryptographic security or data custody.</li><li>Functional Limitations: EOA wallets may fall short in complex scenarios lacking advanced features found in smart contract wallets (e.g., conditional fund usage or multi-signature verification), rendering them less capable of meeting sophisticated needs or requirements.</li></ol><h3>CA (Contract Accounts) and Smart Contract Wallets</h3>The key distinction between CAs and EOAs lies in CAs being governed by smart contracts instead of singular private keys. This architecture enables CAs to execute more intricate operations, such as automatic conditional contracts, multi-signature wallet management, or advanced security protocols. However, CAs cannot independently initiate transactions and are reactively invoked.Advantages of Smart Contract Wallets<ol><li>Enhanced Features: Smart contract wallets transcend traditional wallet capabilities by introducing automated and conditional operations, thereby streamlining asset management and unlocking novel trading approaches.</li><li>Augmented Security: Smart contract wallets bolster security through encoded multi-signature requirements, automatic lock mechanisms, and fund usage restrictions, effectively guarding against unauthorized fund access and other security threats.</li><li>User-Centric Management: These wallets facilitate secure and straightforward wallet access recovery in cases of private key loss or similar issues, mitigating the traditional risk of permanent asset loss due to key misplacement.</li></ol>Disadvantages of Smart Contract Wallets<ol><li>Operational Complexity and Costs: The setup and maintenance of smart contract wallets demand a higher level of technical savvy, particularly for those featuring complex functionalities. Additionally, the inherent Gas Fees associated with smart contract wallet creation may elevate daily usage costs.</li><li>Security Concerns: The integrity of smart contracts is critically dependent on their code quality. Flaws or vulnerabilities could expose users to security breaches, emphasizing the importance of opting for rigorously audited smart contract wallets.</li></ol>| <a href="https://www.kryptogo.com/blog/things-you-should-know-about-financial-security-in-the-web3-era">Recommended Reading: Things You Should Know About Financial Security In The Web3 Era: How Does Token, Private Key, And Wallet (Account) Work?</a><img src="https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/EOA_vs_CA_5998e89e60/EOA_vs_CA_5998e89e60.png" alt="EOA vs. CA.png" srcset="https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/thumbnail_EOA_vs_CA_5998e89e60/thumbnail_EOA_vs_CA_5998e89e60.png 245w,https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/small_EOA_vs_CA_5998e89e60/small_EOA_vs_CA_5998e89e60.png 500w,https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/medium_EOA_vs_CA_5998e89e60/medium_EOA_vs_CA_5998e89e60.png 750w,https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/large_EOA_vs_CA_5998e89e60/large_EOA_vs_CA_5998e89e60.png 1000w," sizes="100vw">Might there be a solution that marries the benefits of EOA and smart contract wallets? The concept of account abstraction, as proposed by Ethereum's founder Vitalik, dreams of enabling contract accounts with the capabilities of EOAs. The ERC-4337 protocol is a step towards realizing this vision. We've explored this topic in another article, so we will not expand upon here further.<h2>Comparing Wallet Types: Cold Wallets, EOA Wallets, Smart Contract Wallets</h2>When selecting the ideal wallet for your needs, it’s crucial to weigh your security concerns, transaction frequency, and specific requirements.<ol><li>Security vs. Convenience: If your primary concern is security, cold wallets, particularly hard wallets, offer the highest level of protection but may not be as convenient for frequent transactions. Hot wallets, whether EOA or smart contract-based, are preferable for daily use due to their ease of access and transaction speed.</li><li>Functional Requirements: For those requiring advanced operations or additional security features such as multi-signature authentication, smart contract wallets are the superior choice. On the other hand, EOA wallets are better suited for straightforward storage and transactional needs.</li><li>Cost Considerations: Given the extra transaction fees associated with creating and using smart contract wallets, EOA wallets or cold wallets might be more cost-effective for users engaging in regular small transactions.</li><li>User Experience: New users should prioritize wallets that are not only easy to use but also come with an intuitive interface. As one becomes more familiar with the crypto space, transitioning to smart contract wallets that offer a broader range of functionalities and enhanced security measures may be worthwhile.</li></ol><img src="https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/noncustodial_wallet_types_71ed58101a/noncustodial_wallet_types_71ed58101a.png" alt="noncustodial wallet types.png" srcset="https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/thumbnail_noncustodial_wallet_types_71ed58101a/thumbnail_noncustodial_wallet_types_71ed58101a.png 245w,https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/small_noncustodial_wallet_types_71ed58101a/small_noncustodial_wallet_types_71ed58101a.png 500w,https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/medium_noncustodial_wallet_types_71ed58101a/medium_noncustodial_wallet_types_71ed58101a.png 750w,https://storage.googleapis.com/kryptogo-website.appspot.com/public/cms/large_noncustodial_wallet_types_71ed58101a/large_noncustodial_wallet_types_71ed58101a.png 1000w," sizes="100vw"><h2>Conclusion</h2>In the <a href="https://www.kryptogo.com/blog/web3-business-operations-trend-or-need">Web3 era, choosing the appropriate wallet type is fundamental</a> to safeguarding your assets and optimizing transaction efficiency. The key is understanding each option's strengths and weaknesses, making an informed choice based on your specific needs. As the landscape of technology and user requirements evolves, your wallet preference might also need adjustments. Flexibility and adaptability, coupled with staying informed about the latest developments and security best practices, are essential.&nbsp;KryptoGO stands at the forefront of offering flexible, adaptable Web3 technology solutions. We aim to enhance your Web3 endeavors, boost operational efficiency, expand into new market opportunities, and ensure you remain competitive in this dynamic field.<a href="https://www.kryptogo.com/products/wallet-builder">Discover KryptoGO Studio and craft your brand's exclusive Web3 wallet today →</a>

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Selecting the right wallet type is pivotal for asset security and transactional efficiency. We'll now delve deeper into the various decentralized wallet options, features, and uses, evaluating their fit for diverse user requirements.

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