0x0.ai (0x0) Up Over 34% After Arcane Wallet Launch 

0x0.ai, a cryptocurrency project designed to enhance privacy and security within the Ethereum network, has posted significant gains over the past 24 hours. According to data from Coingecko, its native token, 0x0, rallied by over 34% on Tuesday, reaching a market price of $0.1159.

0x0.ai Introduces Arcane Wallet

The notable surge came following the project’s introduction of the Arcane Wallet. In an X post, 0x0.ai unveiled this wallet, which is designed to enhance privacy and security in digital transactions. The launch of this product reflects the platform’s commitment to providing comprehensive privacy solutions within the blockchain ecosystem.

Unlike traditional wallets that use static public key addresses, Arcane Wallet prioritizes users’ privacy by employing advanced cryptographic techniques, such as stealth addresses and elliptic curve Diffie-Hellman (ECDH) key exchanges. These features help obscure transaction details and protect user privacy. 

Additionally, Arcane Wallet supports both mnemonic phrases and private keys, allowing users to recover their wallets easily while maintaining high-security standards.

The Arcane Wallet had previously been in beta testing, with the testnet version released on September 24, 2024. Notably, the official launch introduces additional features aimed at enhancing the user experience and security. According to the project, 0x0 holders will soon have the opportunity to operate their relayers through a dashboard, processing transactions, enhancing privacy, and earning rewards. 

It is worth mentioning that the platform reminded users of the need to be extra careful with their seed phrases. Since this is the mainnet launch, users losing their access could potentially lead to a permanent loss of funds. Therefore, they should endeavor to store it properly. 

How to Use Arcane Wallet

Arcane Wallet touts itself as an innovative, web3, user-friendly cryptocurrency wallet that can be accessed via desktop, mobile, and hardware platforms. To access the website, visit the official website and click on “create wallet.” Then, provide a secure password and follow other onscreen instructions until the registration is complete.

To receive assets on your Arcane wallet, click on the “receive” button to accept tokens. You will likely need to fund your wallet by sending (sepolia) to the ETH address. Additionally, the wallet has a shield feature that allows users to send and receive assets anonymously on the platform. 

To shield your funds, click the “Shield” button. A modal will then appear, enabling you to select the assets you wish to shield. Shielded tokens are identified by the platform’s logo and can be accessed only through your 0x0 address.

To send tokens using the Arcane Wallet, simply input the recipient’s ETH address and the amount you want to send. The project’s privacy feature conceals the sender’s address but reveals the recipient’s address in a public transaction. 

Furthermore, swapping your tokens is designed to be very straightforward on the platform. It promotes anonymity; thus, any token you swap is automatically shielded and will only be accessible through your 0x0 address.

About 0x0.ai

0x0.ai is a blockchain-based platform that integrates artificial intelligence (AI) to enhance the security and privacy of decentralized finance (DeFi) transactions. Its primary offering is an AI-powered Solidity Smart Contract Auditor, which employs machine learning techniques to scrutinize smart contract code for vulnerabilities, errors, and potential issues. This advanced technology generates detailed reports outlining any detected problems, their code, and recommendations for remediation.

0x0.ai utilizes a privacy mixer, a tool designed to enhance transaction privacy by pooling and mixing multiple transactions before redistributing them to their intended recipients. This feature aims to make it challenging to trace the original source of funds. 

Furthermore, the project allows users to deploy custom smart contracts generated by the platform’s in-house AI, thus removing the need for coding expertise and reducing the risk of scams and fraud.

By integrating AI-driven tools and prioritizing user privacy, 0x0.ai aims to create a secure and reliable environment for DeFi participants, addressing common challenges such as smart contract vulnerabilities and transaction traceability.

The post 0x0.ai (0x0) Up Over 34% After Arcane Wallet Launch  appeared first on Cointab.