Multisig Wallets Security for Cronos Users

CroSwap Decentralized Exchange (DEX) has partnered with Gnosis Safe to offer users a more secure ecosystem through its 'Multisig wallets' solution for their assets on Cronos.

"Multisig wallets are an additional security protocol for projects that want to decrease the risks and/or likelihood of unauthorized transactions or any other potential illicit/immoral activity occurring," the CroSwap team told Web3Wire.

Gnosis Safe is a trusted platform for managing digital assets on Ethereum, with a "Safe Multisig" service that connects numerous project members to a given wallet. With the Multisig wallets solution, multiple team members must approve a transaction before it happens. This ensures that one single team member cannot compromise users' funds.

According to CroSwap’s official announcement on Sept. 11, the DEX will integrate Gnosis Safe Multisig to its private launchpad, ensuring that all projects implement the solution to offer users more security and protection on Cronos. The CroSwap team spoke to Web3Wire about the importance of the integration for individuals and projects.

"For individuals looking to add ways to protect their own crypto assets, multisig wallets allow individuals to set up signatories for assets/funds to reduce the chance of losing them,” the team said.

Individuals who set up signatories with Gnosis can give access to family members or any other trusted party to keep their assets safe and secure. Generally, Multisig wallets integration through the Gnosis Safe partnership will keep assets more secure for individuals and projects. Most importantly, it also ensures that funds are not lost forever if something happens to the asset owner.

What is CroSwap DEX:

CroSwap is an exclusive Automated Market Maker (AMM) based DEX built on the fast-growing Cronos network. The DEX offers numerous product suites and services for users on Cronos, such as Yield Farming, Liquidity Pools, Oracle Service, and more.

Visit the following links to learn more about the project:

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