Benefits of the Core Wallet
DeFi

Benefits of the Core Wallet

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We examine the Core wallet, which provides an easy way to move assets between Avalanche and other blockchains like Bitcoin and Ethereum.

Benefits of the Core Wallet

The Avalanche blockchain has experienced significant growth and adoption since its inception in 2020. However, aspiring users faced challenges when moving their assets to the Avalanche network. Users had to rely on competing applications, such as MetaMask and Ethereum-Avalanche bridges. Bridges enable users to transfer assets between blockchains. They are also easy targets for hackers.

In June 2022, Avalanche blockchain's developer, Ava Labs, first launched its own non-custodian wallet. However, it was only available as a web extension, which meant that crypto holders could only access it via personal computers. This month, Ava Labs moved closer to building a connected Web3 experience with the introduction of the Core wallet mobile version.

Read more here.
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