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BitKeep has unveiled a new roadmap for 2023, changing its name to Bitget Wallet and strengthening its security system

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Share $300 million in Bitget Risk Protection Fund.

Original source: BitKeep

BitKeep, the largest Web3 Wallet in Asia, has released its new strategic roadmap for 2023, announcing a comprehensive brand upgrade and changing its name to Bitget Wallet. In the coming weeks, BitKeep will unveil a new logo and a complete visual overhaul of the App, web and plugin versions. In addition, BitKeep announced a reorganization of its management team and a focus on improving the performance of its overall security systems.

BitKeep continues to operate independently to strengthen its security risk control system

A week ago, crypto derivatives trading platform Bitget completed an additional $30 million investment in BitKeep and became its controlling shareholder, announcing the integration of business areas between the two parties. While expanding the scope of Bitget services, BitKeep will be helped to improve the stability and security of its products in terms of production and research. Provide resource support for BitKeep in the global market expansion. The two sides will leverage their respective strengths to build a bridge connecting the centralized and decentralized world.

After this upgrade, BitKeep will rely on the security system and fund protection measures built by Bitget and share 300 million dollars of Bitget risk protection fund to strengthen anti-risk capability and escort the security of users' funds. In addition, BitKeep has introduced a series of security measures, including a comprehensive hardening of the client, a stricter pre-release review process, an updated APK package with MD5 checksum, and an industry-leading one-machine, one-cipher encryption algorithm to improve communication security.

Based on the collaboration with the Slow Fog team, BitKeep has introduced Certik as a new security audit partner. At present, BitKeep has completed the security audit of the core codes of Swap and NFT market protocols; At the same time, the two-dimensional code protocol connected to the hardware wallet is online, so that the mobile version can integrate the mainstream hardware wallet, and strive to achieve the best balance between security and convenience.

Meanwhile, BitKeep announced that it had fully reimbursed all eligible users affected by the security incident last December.

After Bitget Investment becomes the controlling shareholder, BitKeep will maintain its independent operation and independent organizational structure. In terms of management structure, Kevin Como, co-founder and CEO, will step down and Karry Cheung, chief product officer, will take over as CEO. In the next stage, BitKeep will build an efficient team with product as the core. Part of Bitget's outstanding talents will join BitKeep's R&D and security team to jointly improve the service stability and security of wallet.

BitKeep: Find hot assets, all in BitKeep

Since its inception in 2018, BitKeep has gone through a history of more than four years. As a decentralized wallet and Web3 asset interaction platform, BitKeep provides users with asset storage, multi-chain exchange, NFT transaction, DApp browser, Launchpad and other functions. Today, BitKeep has attracted more than 9.5 million users in 168 countries and regions, making it one of the world's leading decentralized multi-chain wallets.

The crypto industry has spiraled into something far more dramatic than the Bitcoin era of more than a decade ago. DeFi has gradually built the underlying financial framework, and a prosperous decentralized ecology has taken shape. Many application scenarios with practical needs have been derived under the multi-chain ecology. The industry is constantly iterating and the ecosystem is increasingly rich, attracting more and more investors, developers, entrepreneurs, and putting higher requirements on infrastructure tools such as wallets. Wallets are no longer simply storage tools, but now host an ecosystem that provides users with easy access to the Web3 world.

In the past few years, BitKeep has actively adapted to the changing market and continuously expanded its service scope to meet the diversified needs of users. BitKeep is your portal into the Web3 world, where you can mine DeFi, play GameFi games, buy the hottest NFT pictures, participate in the creator economy, and experience X 2 Earn's metaverse. BitKeep is a tool for users to exchange favorites across the chain, freely swapping between chains in search of hot assets. BitKeep has always been at the forefront of Web3 innovation, building Bridges between users and hot assets and public chain ecology.

Bitget Wallet: Faster transactions, better assets, your future transaction wallet

The new brand will continue to uphold the BitKeep positioning and provide users with safe, convenient and efficient digital asset management services. At the same time, it is committed to becoming one of the most popular transaction wallets for Web3 users in the future, allowing users to enjoy faster transactions and better assets.

Looking to the future, BitKeep will continue to enrich product features, explore and research the MPC (multi-party computing) and AA (account abstraction) areas. In addition, BitKeep is developing functions related to Web3 DID (decentralized identity) to actively support ZK-Rollup ecological construction. At the same time, BitKeep is also investing in the research and development of MPC wallet, which implements private key fragmentation and adopts the 2/3 threshold signature scheme. Under the premise of maintaining decentralization, it solves the problem of single point risk of private key management, and provides users with the use environment without memorizing mnemonic words/private keys.

Commenting on the tie-up with Bitget, BitKeep COO Moka Hahn said: "By joining the Bitget ecosystem, we will have more advantageous resources to continuously optimize and iterate products, continue to practice innovation, explore more potential technological breakthroughs and application scenarios, further promote the popularization and application of Web3 technology globally, and we will be more confident to go further and higher in the global market competition. To stay ahead of the competition in the increasingly fierce market."

Gracy Chen, Managing Director of Bitget, commented on why she chose to work with BitKeep: "We note that demand for decentralized asset storage and Web3 entry level applications continues to rise. BitKeep's product features and user experience have been well received. We have been investing in BitKeep since 2021. I hope we can integrate high-quality resources to prepare for the next billion user market growth."

No matter how the application changes, the infrastructure that carries the application will always be evergreen. In the increasingly updated wallet circuit, BitKeep has been updating itself and challenging itself to a new height.

Goodbye BitKeep and hello Bitget Wallet!