Nexo Wallet Combines Smart Contracts and Non-Custodial Nature for Exceptional Experience

• Elitsa Taskova, the head of product for the Nexo wallet, recently sat down with Akiba, the host of the SlateCast podcast, to discuss the company’s new non-custodial wallet.
• The wallet’s development took several months and focused on creating a smart wallet that utilizes smart contracts and is non-custodial in nature.
• The key differentiators of the Nexo wallet are its combination of being a smart wallet and a non-custodial wallet, allowing users to have full access to their own keys and coins.

Recently, Elitsa Taskova, the head of product for the Nexo wallet, sat down with Akiba, the host of the SlateCast podcast, to discuss the company’s new non-custodial wallet. The timing of the release is particularly interesting given the recent issues with exchanges and the increasing focus on non-custodial solutions. Nexo has been in the spotlight recently due to one of its Bulgarian offices being raided by authorities, though co-founder Antoni Trenchev has rigorously denied the allegations made against the company.

Taskova described the process of developing the wallet as taking several months, during which the team had to make several decisions. They decided to focus on creating a smart wallet that utilizes smart contracts, and also decided to make the wallet non-custodial, as they believe that users should have full access to their own keys. These two features, Taskova claimed, are the key differentiators of the Nexo wallet.

The smart contract capabilities of the wallet allow for greater flexibility and the ability to create new and innovative solutions on top of blockchain technology. Meanwhile, the non-custodial aspect of the wallet is also essential, as it allows users to have complete control over their own keys and coins. The combination of both these features, Taskova suggested, was the key to providing an exceptional user experience.

Taskova also emphasized the importance of providing a secure and reliable user experience. To that end, the team has implemented several measures to ensure the safety of the wallet and its users, such as 2-factor authentication and other security features. Additionally, the team is constantly working to improve the wallet and add new features, such as support for additional coins and tokens.

Overall, the Nexo wallet is designed to provide users with a secure and reliable non-custodial wallet. The combination of its smart contract capabilities and non-custodial nature, Taskova believes, will be the key to providing users with a great user experience. The team at Nexo is dedicated to providing the best possible user experience and is constantly working to improve the wallet and add new features.

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