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Read the latest › DeFi
Breaking down the DeFi airdrops that netted Ethereum users an average of $20,000 in 2020

Breaking down the DeFi airdrops that netted Ethereum users an average of $20,000 in 2020

Nick Chong · 5 hours ago · 2 min read
Tezos (XTZ) price surges following DAO framework announcement and Grayscale rumours

Tezos (XTZ) price surges following DAO framework announcement and Grayscale rumours

Liam Frost · 4 days ago · 2 min read
Read the latest › ETH 2.0
Ethereum 2.0 staking service launches token with $1.4b fully diluted valuation

Ethereum 2.0 staking service launches token with $1.4b fully diluted valuation

Nick Chong · 3 weeks ago · 2 min read
Ethereum will become more scarce: why this ETH upgrade is a game-changer

Ethereum will become more scarce: why this ETH upgrade is a game-changer

Joseph Young · 2 months ago · 2 min read
Read the latest › Regulation
World Economic Forum to host cryptocurrency discussions at Davos this week

World Economic Forum to host cryptocurrency discussions at Davos this week

Shaurya Malwa · 2 days ago · 2 min read
U.S. Treasury Secretary nominee Janet Yellen acknowledges potential benefits of crypto

U.S. Treasury Secretary nominee Janet Yellen acknowledges potential benefits of crypto

Liam Frost · 5 days ago · 2 min read
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The value of Cardano’s treasury reaches $100 million

The value of Cardano’s treasury reaches $100 million

Priyeshu Garg · 4 days ago · 2 min read
There’s a massive 32,000 Ethereum sell wall at $1,250 stopping bullish price action

There’s a massive 32,000 Ethereum sell wall at $1,250 stopping bullish price action

Nick Chong · 3 days ago · 2 min read
More than half of all Cardano wallets are now staking ADA

More than half of all Cardano wallets are now staking ADA

Priyeshu Garg · 1 day ago · 2 min read
You can now earn Zilliqa (ZIL) from CryptoSlate via a quiz on Telegram

You can now earn Zilliqa (ZIL) from CryptoSlate via a quiz on Telegram

Shaurya Malwa · 4 days ago · 2 min read
Chainlink (LINK) surges as Grayscale CEO hints at upcoming unknown announcement

Chainlink (LINK) surges as Grayscale CEO hints at upcoming unknown announcement

Nick Chong · 2 days ago · 2 min read
Did Chainlink (LINK) just get on Grayscale Investments’ offering list?

Did Chainlink (LINK) just get on Grayscale Investments’ offering list?

Shaurya Malwa · 5 days ago · 2 min read
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Recent Stories
Bitcoin breaks out of crucial 4-day range: what happens next?
Edge › Bitcoin › Analysis

Bitcoin breaks out of crucial 4-day range: what happens next?

Joseph Young · 2 days ago · 2 min read · Insights via Glassnode Glassnode
Grayscale adds $120 million worth of Bitcoin to its coffers amid continued institutional interest
Edge › Bitcoin › Adoption

Grayscale adds $120 million worth of Bitcoin to its coffers amid continued institutional interest

Nick Chong · 3 days ago · 2 min read
What can invalidate the short-term bear scenario for Bitcoin?
Edge › Bitcoin › Analysis

What can invalidate the short-term bear scenario for Bitcoin?

Joseph Young · 4 days ago · 2 min read
Why Joe Biden’s presidency could be a fresh start for crypto
Edge › Regulation

Why Joe Biden’s presidency could be a fresh start for crypto

Liam Frost · 6 days ago · 2 min read
Data shows Bitcoin mining difficulty flat despite near 300% gains in price
Edge › Bitcoin › Analysis

Data shows Bitcoin mining difficulty flat despite near 300% gains in price

Samuel Wan · 1 week ago · 2 min read
News › Sponsored

Six Network Launches Six Wallet With Multi-signature Security After ICO Ended

News Desk · August 5, 2018 at 8:53 am UTC · 4 min read
Six Network Launches Six Wallet With Multi-signature Security After ICO Ended

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more ›

News Desk News Desk
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In contemporary times, the digital and creative industries have fundamental problems with traditional payment processors. Most creators, especially low profile creators, agree that they are not paid what they merit by content publishing platform. And often, it is difficult to transfer their earnings using traditional FIAT payment gateways.

This new challenge makes it difficult for creators to monetize their rewards outside token based platforms. In most cases, creators are forced to hold their tokens, until when they can trade them on exchanges. This could be any time between a few months, or never in some cases. Making them more or fewer equity owners.

SIX network’s proffered solution would offer creators and content platforms a decentralized solution to these problems. The Six Network wallet would help decrease the cost of transfers and increase liquidity across several content platforms, in a decentralized manner. This would help increase the fairness of revenue distribution for content creators.

In early June, the SIX network successfully raised ICO funds and got the most ICO fundraising in Thailand at this time.

Then in mid-June, SIX network announced the 2018 Roadmap to ensure investor confidence. (Original version of the Medium of SIX Network)

One of the roadmaps that SIX Network has announced is to make Cryptocurrency Wallet for the Creative worker with the ease of use, convenience and support a variety of Cryptocurrencies as well.

Introducing to SIX Wallet

According to the PR of SIX Network, the first version of SIX Network will cover all basic functions such as receiving, transferring money and viewing transaction history. It is based on the ease of use along with the safety.

When using for the first time, you need to register by creating your Username and Password with OTP received from mobile number only. For the next time, you can only use 6 digits PIN to access. And if you send a coin to someone, just type @Username of the user, then this can transfer money successfully.

For @Username, it is used for doing transaction only between SIX Wallet and SIX Wallet. In case of the transaction between Stellar Network, the public key will be used instead.

In addition, SIX Wallet is able to be used to view the transaction history and a real-time Cryptocurrency price. For the next version, it will support the major digital currencies such as Bitcoin, Ethereum, OMG and so on.

Maximum security with Multi-signature

A SIX Wallet transaction requires at least two keys to unlock your safe. The first key will be with the user who is making the transaction. Another one is on the SIX network server for transaction confirmation.

When the user wants to do the transaction, the application will send a user’s encrypted data for generating the second key and send it to the server. The server will verify the encrypted user’s data against the underlying data to generate the third key. If the 3 out of 4 keys are matched, the transaction will successfully be complete.

In case the server got hacked, your money still safe as hacker did not get data from the user as well as if the user got hacked, the encrypted data (KEY A) will be unmatched with KEY B from the server which means all transaction will be incomplete.

Learn more about Multi signature (MultiSIX): https://youtu.be/yeLqe_gg2u0

SIX Wallet Roadmap 2018

Based on the website, SIX will begin developing the Proof of Concept and three main areas as follows:

SIX Wallet: It is the center of Crypto Asset users and many other features as illustrated above.

Core service: SIX network will launch the SIX Wallet API for payment in the business world as well as partners and startups seeking for receiving SIX payments in the future.

Business Integration & Tokenization: SIX Network says that their strategy is to integrate with the many related digital businesses and build the infrastructure of the SIX Network to all partners.

How to get?

SIX wallet application will be available for download on August 9, 2018, and the good news is the SIX network will waive transaction fees until the end of 2018.

Posted In: ICOs, Sponsored

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Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Featured stories - Edge

Bitcoin breaks out of crucial 4-day range: what happens next?

Bitcoin breaks out of crucial 4-day range: what happens next?

The price of Bitcoin broke out of its 4-day range, pushing above a critical technical resistance level at $33,800.

Joseph Young · 2 days ago · 2 min read
Grayscale adds $120 million worth of Bitcoin to its coffers amid continued institutional interest

Grayscale adds $120 million worth of Bitcoin to its coffers amid continued institutional interest

Bitcoin has seen some volatility over the past few weeks.

Nick Chong · 3 days ago · 2 min read
What can invalidate the short-term bear scenario for Bitcoin?

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The price of Bitcoin is showing strong momentum as it recovers above $33,000 following a relatively large correction on January 12.

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