Argent, an Ethereum wallet app which has been available in its beta version for a selected few customers is all set to make a public launch on both Android and iOS platforms, reported TechCrunch.
We're extremely proud to introduce:
Argent V1 with one tap access to DeFi. 🥳
Download here: https://t.co/RxhWxpVb2H
— Argent (@argentHQ) May 18, 2020
The Ethereum wallet app has also secured seed and Series A funding round from notable investors such as Firstminute Capital, Index Ventures, Creandum and Paradigm, raising a total of $16 million. The wallet is supposed to have excellent security features as well as seamless compatibility with Ethereum’s popular Defi platforms.
Argent is a non-custodial wallet where the user has full access to, and control over their keys. The wallet app also promises to offer a smooth and easy to use experience for its customers, keeping all technical complexities such as managing the seed phrase behind the curtains.
In general non-custodial wallets and even hardware wallets, which are supposedly one of the most secure forms of crypto wallets available, require the users to separately note down the seed phrase on a piece of paper and then keep it safe to recover the wallet. This process can be confusing and complicated for the users who are new to the crypto space, and thus Argent aims to eradicate this complexity.
Argent, instead of using a seed phrase, introduces a new concept called ‘Guardian.’ A Guardian could be another hardware wallet device or even a metamask account. The user can confirm their guardians via an email or a text message, and when they lose access to their Argent wallet, they can recover it via their guardian account or device.
The Guardian would not just be there for recovery. An Argent user can do a lot of other things with their Guardians: like setting a transaction limit or even locking your account in case the user loses their phone.
Argent aims to become an integral part of the growing Ethereum ecosystem and support everything associated with the ecosystem. The wallet app has been created, keeping the ease of use as the primary focus.
Apart from hiding complexities involved in setting up a crypto wallet, the wallet would also cover the transaction fee, so that the user doesn’t have to worry whether their transaction would be processed. Defi is the latest trend of the crypto space; the wallet app will integrate dozens of Defi protocols and platforms to make it quick and straightforward to use the defi ecosystem as well.