Tetrix Network Launches Pitaka Crypto Wallet – Back End News
Tetrix Network integrates the new and improved Pitaka crypto wallet which allows users to store, manage and trade different cryptocurrencies and digital assets in a single browser extension.
Tetrix Network is an interconnected Filipino manufacturing ecosystem that hopes to bridge the gap between blockchains.
“Pitaka is a fully decentralized crypto wallet that runs on Tetrix, the first omnichain protocol that communicates directly across all blockchains,” said Felix Asuncion, chief revenue officer of Tetrix. “Our main motivation in building Pitaka is to create a product that every Filipino will be proud of.”
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Pitaka allows users to hold various cryptocurrencies, allowing them to transact to any blockchain address. It also offers users an entry point into the emerging world of decentralized finance (DeFi) and supports Google Chrome and the Chromium-based browser, Brave.
Users can create multiple accounts and select which account to use to send payments, store funds, and interact with decentralized applications (dapps), betting on its goal of being the gateway to the world of Web 3 or the Internet decentralized.
Pitaka can store non-fungible tokens (NFTs) and digital collectibles, and currently supports over 18,000 cryptocurrencies built on 25 blockchains. This includes established altcoins such as Ether, Binance Coin, and Polygon, as well as popular meme coins like Dogecoin and Shiba Inu.
Pitaka, a noncustodial wallet, grants users full control of their funds by giving them access to their wallet’s private key, a 12-word mnemonic phrase (seed) that, once lost, cannot be recovered. It prevents malicious behavior against users as all actions are verified by the blockchain.
Pitaka users will be able to connect their Trezor and Ledger hardware wallets, retaining their own custody and full control over their assets.
According to Tetrix, they have already started development of Pitaka’s mobile app which will support more cryptocurrencies like Bitcoin and XRP down the road.