Latest MyEtherWallet Chrome Extension Update Gives Full Control to Users, Maximizes Privacy

Ethereum's original wallet, MyEtherWallet (MEW), issues new updates to their Google Chrome web browser extension so users can create burn wallet addresses that work with decentralized applications (dApps).

Open-source, client-side interface for generating Ethereum wallets among others, MyEtherWallet (MEW) has released a Google Chrome Extension on Wednesday, October 30, 2019 update reports The Block.

As per the news outlet, the decision for such an update rests in enabling users to establish a burn address to promote better interaction with decentralized apps (DApps).

Burn addresses are those to which assets can be sent but never retrieved since no one will have access to any private key. In the context of MEW, the addresses neither contain assets nor are they connected to existing wallet addresses, ultimately maximizing on privacy. Simply put, users can now explore new DApps without having to share their permanent wallet addresses.

Speaking regarding this endeavor is the Founder and CEO of MEW, Kosala Hemachandra, who explicitly said,

“MEW Chrome extension is the first to ensure that its users are in total control of which addresses and accounts they share with any DApps, making user privacy a first priority.”

For the time being, the update will be free of cost, however, this could change over the course of time.

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Nirmala Velupillai
Nirmala Velupillai
Nirmala is a blogger who has been fascinated by the world of technology and its contributions to societal development. While a novice, her eager to learn about the crypto world has led her to write a number of pieces on its positive and negative aspects. On her spare time, she indulges in understanding and building statistical models and enhancing her painting skills.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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