Yodaplus Multisig Wallet Easy Management of Your Digital Assets
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A convenient way to manage all your crypto funds in one place. Yplusvault is one of the most secure wallets that can be trusted for all the new-age digital transactions. The system is built as a decentralized application that doesn’t require the need of any intermediary. Yplusvault is best suited for individuals or organizations that would need to do safer transactions at their ends. It has been built upon the Xinfin blockchain platform which is operational for XDCNetwork across the globe.
Yplusvault is the most secure Multisig Wallet that has been providing an extra edge to its users.
Xinfin Network Community
XinFin is a global open source Hybrid Blockchain platform with independent community contributors. Due to its delegated Proof of Stake consensus algorithm, XDC Network has been able to achieve ultra-fast transaction speed and very low transaction costs.
TradeFinex
A decentralized platform that works in peer-to-peer fashion helping trade finance originators in distributing deals to a wide range of bank or non-bank funders. It helps corporate and government treasuries to effectively manage their capital and strengthen their buyer/supplier relationships.
The transaction on Multisig Wallet can be protected using the two-factor authentication option. The wallet will require an external confirmation to authenticate a transaction or access funds. You can either choose a 2-of-2 wallet or a 3-of-2 wallet for the 2FA authentication.
For decentralized organizations, Multisig Wallets can be used for storing funds simultaneously allowing the board members to make appropriate decisions when there are disagreements. You can have 5-of-7 or 6-of-8 wallets, where a single user can’t misuse the key.
For extra security of your funds, you can use the Maker-Checker Option where you are allowed to keep your key at different digital locations. You can keep one on your own laptop and the other in your hardware wallet.
Yodaplus Multisig Vault offers the functionality of Escrow transactions where you can have a third party that could hold your funds in a two-way transaction. This third party won’t release funds until both parties complete their contractual agreements.
You can easily manage your personal crypto assets using the Vault. You can have multiple devices like hardware wallets, paper wallets, laptops, or a combination of them to confirm your transactions.
YPlus Multisig Vault supports XDC, XRC20 Tokens(SRX, PLI, USNOTA, GBEX), stable coins (SGDG, EURG, HKDG, USDG), and XRC721 (Collectibles). You can easily find the fiat values of your assets in the vault.
You can easily connect to the XDCPay wallet and a hardware wallet D’cent.
Enhance your capabilities with the most popular Multisig Wallet
Connecting to D’Cent Wallet
2FA with Yplusvault
Escrow Account
Yodaplus Multisig Vault is a smart contract wallet that runs on the Xinfin blockchain. Before any transaction, it requires a minimum number (M-of-N) of people to approve it. For instance, you have 4 stakeholders in your business. Yodaplus Multisig Vault allows you to set up the wallet that requires approval from all 4 stakeholders before any transaction is sent. It ensures that no single person in the board could compromise the funds.
Furthermore, the Yodaplus Vault also provides you with complete self custody of your funds. And, it does not require any bank to approve you of running a crypto business. The smart contract that is deployed is trustless and completely in your control.
This depends on the number of owners, threshold and the owner wallet that could be used. It is generally advisable to use more than one owner account with a threshold higher than 1. There is no single account that can execute transactions but, always more than one account required to verify and execute the Safe Transactions.
The Safe is compatible with Xinpay, Metamask, hardware wallets like D’CENT and the mobile wallets that could support WalletConnect.
The following is the cost off creating a safe.
To send new funds there is an option of “New Transaction” and click on “Send Funds”. Next, you will be able to select the recepients and proceed by transferring the assets to the recipient. After that, you can review the transactions and can modify the advanced transaction parameters like gas with utmost ease.
You can easily send digital assets to Yodaplus Vault. The assets include XDC, XRC-20 Tokens, XRC-721 Tokens (NFTs). In order to receive funds to your own Safe, send them from the destination wallet using the Safe address. You will be able to find the safe address above the main navigation menu.
You can even click on the “Receive” button to display the QR code for your Safe Address.
Go to the Settings and select he Owners section where you will find “Add New Owner Button”. Make sure that you are connected to one of the existing owners to see this button. Enter the name of the new owner in the Window that was opened and paste the owner’s Xinfin address. You will be able to set the transaction threshold and then you can press the Submit button to confirm the owner change on the blockchain.
Yplusvault is the safest place to store all your digital assets. A demo will solve all your queries!
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