A well known prediction market called Augur which runs of Ethereum blockchain has lately partnered with Airbitz for the deployment of the latter’s Edge Security platform. Airbitz is also known for its highly secure bitcoin wallets. Not just that, Airbitz wallet is among the top five bitcoin wallets of this year according to the second edition review of BTC wallets conducted by Open Bitcoin Privacy Project (OBPP). To know more about this, please refer to our recent blog Top Three Bitcoin Wallets Of 2016.
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Augur team reveals that it is going to use the Airbitz Edge Security Platform to make its prediction market more accessible to the mainstream audience. In addition to that, it will allow encryption, backup and synchronization of private keys to make the letter more secure.
How Edge Security Will Help The Augur Users?
The Edge Security platform automatically encrypts, synchronizes and backs up the private keys as well as the account data across multiple devices in a highly secure manner. It’s handy user interface allows the users to easily connect with various decentralized applications or DAPPs.
This is perhaps the biggest downside of using DAPPs that there isn’t any other way to store the private keys and account data unless you’re willing to store it on a web server which is centralized and is easily accessible to third parties who can view your private information without your consent. That’s the main reason why Augur has reckoned to use the Edge Security platform.
Post the integration with Airbitz Edge Security, the Augur users will be able to sign in to the Augur DAPPs with an Edge Secure Username and password. That way, the users don’t have to deal with the intrications related to forgetting or losing of the private keys.
Augur, The First Ethereum Based DAPP To Deploy Edge Security
With the Airbitz integration, Augur becomes the first Ethereum based decentralized application to deploy Edge Security Platform for storing private keys and account data.
On the other hand, the partnership with Augur turns out to be quite lucrative for Airbitz as well since it will help the firm to expand its Edge Security System. Through the Augur support, Airbitz aims to venture into new industries like Healthcare, Secure Messaging, Identity, authentication and other financial services. Although there is no official confirmation, the rumors have it that Airbitz is also planning to support the REP tokens associated with Augur for its wallet and we might see a change in picture pretty soon.
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