Quick Take
- ZenGo is a crypto mobile wallet that has raised $4 million
- The wallet uses a cryptographic technique called threshold signatures to create a secure and easy-to-use transaction process
ZenGo wants to make storing and managing cryptocurrencies less intimidating for the average user. The firm has raised $4 million from investors including Benson Oak Ventures, Samsung, and Elron.
While the message “not your key, not your bitcoin” is frequently repeated throughout the cryptoverse, many are still reminded of the stories of individuals accidentally throwing away their bitcoin-filled hard drives or having their life savings stolen from exploited hardware wallets.