Secure, Simple, Powerful: Flux Unveils SSP Wallet.

Flux Official
3 min readOct 16, 2023

--

In today’s world of fast-paced innovation, Flux is again set to shape the future of decentralization with the unveiling of its next-generation wallet technology.

Wallets play a significant role in the blockchain ecosystem. Like a typical wallet or safety deposit box, they are essential for the storage of assets. Unlike safety deposit boxes, however, blockchain wallets are designed to manage and protect digital assets using high-level encryption methods.

They also enable the transfer of cryptographically secure transactions between multiple parties and can be integrated as a means of crypto payment.

Not Your Keys, Not Your Crypto

Blockchain wallets have a receiving address, technically called a Public key. Linked to this Public key is a more critical piece of data: the Private key. The Private key grants access to whatever asset is on the wallet to which it is linked, more like a pin or password, and confers “proof of ownership.”

However, with popular centralized wallets, the Private key remains in the provider’s custody. You can access the funds in the wallet and make withdrawals or transfers. But you do not truly ‘own’ your assets.

Users are subject to withdrawal limits, transaction fees, and other restrictions the wallet provider imposes. Also, in the case of a severe security breach or bankruptcy of the provider, you may lose your funds forever.

Access to your funds?

Yes.

Ownership?

No.

“Not your Keys, Not Your Crypto.”

Flux’s SSP Wallet restores actual ownership to the people.

Your Wallet, Your Key, Your Funds.

Usable, Accessible, Intuitive.

Among the limitations that affect the average user’s adoption of Web3 innovations, highly technical and complex user interfaces are often the most persistent. Therefore, the SSP wallet introduces a simple, uncluttered, easy-to-use interface to improve accessibility and user experience.

We aim to onboard new users to the decentralized ecosystem by offering a seamless transition from conventional technologies without sacrificing usability.

Secure, Powerful, Multi-Sig

SSP leverages industry-leading encryption features to provide an advanced security environment for your digital assets. Its dual-signature structure eliminates the traditional ‘key person’ risk of single-signature wallets.

With single-signature wallets, you risk losing all your assets if you expose your private keys by mistake or you’re forced to give them up.

SSP offers a more secure alternative with its BIP48-Multi-Sig design and a two-factor authentication (2FA) system that ensures unapproved transactions do not occur in your wallet. So, even if your wallet's private key falls into the wrong hands, you have a secondary private key of your 2FA in place to protect your funds.

SSP also firmly adheres to a “No-storing” policy and, as such, does not store any of your password or data, removing the risk of leaks, hacks, or compromise associated with a breach in online databases.

Build The Future You Want

SSP is an entirely decentralized and open-source project, which means it constantly evolves to adapt to contributions from users and engineers worldwide — new features, new use cases, new functionalities, Web3 for the people, by the people.

With an SSP wallet, you can participate in building a decentralized future. Our SSP wallet will be released as a Chrome extension, allowing users to integrate with major DApp platforms.

Flux is handing the keys to the people, enabling users to build the decentralized future they’ve always wanted and interact with the Web3 ecosystem as efficiently as possible.

For more information on SSP Wallet and Flux please join our Discord and check our official website. Visit our marketplace to easily host and run front-ends, nodes, block books, crypto projects, and games with just a few clicks. Flux is very active on Twitter.

Flux is redefining the future of the decentralized internet by bridging the tech barrier. We are innovating to power the free web smarter, better, and at affordable prices.

--

--

Flux Official
Flux Official

Written by Flux Official

Blog source for all things Flux, officially; from the Flux Team | https://runonflux.io | https://twitter.com/runonflux

Responses (1)