Earth Association announced on Thursday a new wallet for the next generation of decentralized autonomous organizations, decentralized finance, and decentralized social networks built on Web 3.0. Known as Earth Wallet, it is designed to be the first self custody crypto wallet for the Internet Computer Protocol (ICP/USD) and will be ready for Bitcoin (BTC/USD) Taproot.

Earth Wallet will bring a non-custodial wallet solution to newer blockchain protocols that Ethereum (ETH/USD) users are familiar with, Earth Association said in a press release obtained by Invezz. It is designed to interact with and build smart contracts at a lower cost while also offering faster settlement times.

The wallet makes use of advanced cryptography like Schnorr Signatures. Yet the wallet doesn’t compromise on offering a user-friendly experience for blockchain pros and non-tech people alike.

Sukhveer Sanghera, CTO of social.network commented in the press release that the Earth Wallet solves several issues that developers and users face when building and using the new internet protocols. Sanghera added:

The infrastructure being released this year like Bitcoin Taproot and ICP really paves the way for an entirely new internet, in a way that just wasn’t possible before due to scalability challenges. However, the user experience and developer tooling around these new protocols needs a lot of work to sustain the hype and valuations which they have received.

According to the press release, Earth Wallet is undergoing security audits and testing and a public launch will follow.

The code will be open-sourced to better provide a “transparent, fast, and easy way” for anyone across the world to partake in what it describes as the future of finance. Users will be able to self custody their digital holdings in a browser extension that is no different than MetaMask, a known Ethereum wallet.

Interested users can gain early access by visiting Earth Wallet’s website.

The post Earth Association launches Earth Wallet for Web3.0: here’s what you need to know appeared first on Invezz.

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