June 23, 2022

Avalanche introduced the Core cryptocurrency wallet

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10 min

Avalanche introduced the Core cryptocurrency wallet

Ava Labs has unveiled its browser-based native cryptocurrency wallet, Core, to work with Web3 applications based on the Avalanche network. Part of the app is a bridge to the bitcoin blockchain, which should attract more users to use this cryptocurrency wallet.

As a reminder, Avalanche is a blockchain-compatible, open blockchain-based decentralized finance (DeFi) platform. It can be used to run decentralized finance applications (Apps), create digital assets and engage in trading. You can read a review on the Avalaunch Launchpad in our review.

In April, this year, Bloomberg reported that Ava Labs had opened a $350m funding round with a valuation of $5.25bn.

According to the press release, Core is a non-custodial wallet. The developers call the released browser extension an “operating system” that integrates all decentralized applications based on the Avalanche network.

The app offers users a suite of nine core services, including the Avalanche Bridge crosschain solution. The latter, unlike its web version, allows not only Ethereum, but also bitcoin. Core also allows you to work with Ledger's hardware wallets.

The company said in a statement that the first cryptocurrency is tokenized into a wrapped BTC.b asset on the Avalanche blockchain. This allows the asset to be used in the ecosystem's DeFi applications.

The Core wallet can be downloaded as an extension for the Chrome browser from the app shop at this link.

Jack Evans

About the author

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments. 

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