Users are invited to try out a beta version of ParallelWallet for iOS from ParallelChain Lab. ParallelWallet is a smart contract platform based on a delegated Proof-of-Stake (dPoS) consensus method that is designed to function as the native wallet of ParallelChain. The wallet will, however, support Bitcoin, Ethereum, and a variety of ERC-20-based tokens.
ParallelChain Lab tweeted the following:
ParallelWallet uses biometric recognition techniques to provide a seamless, password-free experience for its consumers. Anti-spoofing facial recognition, voice recognition, and palmprint identification technologies are all included in the wallet.
The biometric data that is necessary to authorise various actions can be customised by users. The wallet, for example, might be set up to need both facial and voice recognition to approve transactions. According to ParallelChain Lab, they do not have access to consumers’ biometric data because it is kept in an unreadable manner.
Holders of ParallelChain’s XPLL token will be able to transact with their tokens and stake them to earn rewards through the ParallelWallet app. The wallet can also be used to inspect ParallelChain blockchain transactions. A “personal” ParallelChain is created when users create an account with ParallelWallet to give privacy, security, and account tracking capabilities.
ParallelChain Lab CEO Ian Huang commented the following:
“What we are talking about is the possibility of building a Metaverse that works as smoothly as the real world and, as an example, loyalty points can be converted into digital rewards. ParallelWallet provides a secure safeguard for transactions on the blockchain platform, which is truly a “blockchain in your pocket!”
