ICO’s are an innovative solution to day to day problems. SIX network’s blockchain innovation offers content creators and platforms a long-term solution for the payments and payment processing between the two parties. Content creators earn rewards on content platforms, and now SIX Network’s blockchain offers them a low-cost, more liquid channel. The content creators can now collaboratively monetize their rewards from multiple platforms.
In June 2018, SIX Network carried out major ICO work in Thailand and has now announced the launch of the SIX wallet, which primarily focuses on intuitiveness and high-end security. The beta launch of SIX network Wallet will offer send/receive and traction history functionality for the wallet users.
The registration process incorporates multi-level security features. Users must provide a USERNAME and password, complete OTP verification, and set up a 6-digit PIN. Transfers can be made using a username instead of entering complex wallet addresses each time. This feature applies only to transactions between SIX wallet users. Additionally, a live chart allows real-time cryptocurrency price checks for major currencies.
Security is prime for a crypto-wallet, and SIX Wallet has made its transactions more secure by adding two lock levels. The user enters the first key, and the SIX network server provides the second. Whenever an operation begins, the SIX wallet app sends encrypted data to the server. After verifying the key, the server generates a third key.
If a hacker breaches the app wallet, the user key will not match the server key. Even if hackers compromise the server, they cannot generate any core from the user’s side, creating a bottleneck for attacks. This makes the SIX network wallet highly secure.
