With the goal of simplifying Web3 access for both new and experienced users, Ava Labs has launched Core, an all-in-one Web3 assistant that gives users maximum control over their Web3 experience.
Founded in 2018 by Professor Emin Gün Sirer and a team of Cornell computer scientists, Ava Labs set out to solve the scalability problems plaguing existing blockchains like Ethereum. Their brainchild, Avalanche, emerged in 2020 as an open source platform for building decentralized applications (dApps) and custom blockchains.
In recent years, the Avalanche ecosystem has experienced steady growth. An active community of developers and entrepreneurs is building a variety of dApps across a variety of sectors.
Now anyone can use Core, but there is no seed phrase. Users can create and manage keys using simple Web2 platforms like Gmail and Apple, providing easy access without any security or custody trade-offs.
Core introduces these first-of-its-kind experiences for wallets, all built for the Avalanche ecosystem and more. The cool part is that Core’s seed abstraction is universal and not limited to a single blockchain.
So what else does Core do? Our review will give you in-depth insight into the Core wallet, the problems it solves, and some of Core’s powerful features!
core visit
Quick verdict: Core is an intuitive and secure all-in-one cryptocurrency wallet that aims to simplify Web3 access and drive widespread adoption by simplifying the complexity for both new and experienced users.
Quick Facts
| Quick Facts | Details |
|---|---|
| developer | Ava Laboratories |
| target | Simplify Web3 access and drive widespread adoption |
| Key Features | Multichain wallet, blockchain explorer, cross-chain transfer, AVAX staking, Web3 gateway, portfolio tracking |
| security | Secure private key storage, transaction verification, hardware wallet integration |
| Onboarding | Seedless options (Gmail, Apple login), friendly UX |
| developer tools | API, Alerts, Metrics Dashboard |
What is a core?
Core is a cryptocurrency wallet designed to simplify Web3 access and drive widespread adoption. Developed by Ava Labs, this product is a powerful part of the growing Avalanche ecosystem. With Core, Ava Labs aims to build an open, simple, and secure financial internet that gives users maximum control over their cryptocurrency and data without delay.
Core, a Web3 wallet, allows customers to seamlessly purchase, transfer, exchange and store cryptocurrencies and NFTs all within a single, intuitive interface. In addition to an intuitive interface, Core also prioritizes security and speed. The team estimates that the Core wallet is 10x faster than its popular competitor, Metamask.
Core’s capabilities extend beyond simple asset management. Users can stake AVAX directly from within their wallets, discover all the details of projects built or featured on Avalanche, access DeFi data and events, and even connect to the Bitcoin and Ethereum networks.
Additionally, Core provides users and developers with a variety of toolkits and extensions.
What problem does the core solution solve?
Web3 is an end-to-end distributed user journey. There are numerous projects focused on building Web3-enabled products, but only a select few are Web3-enabled. What is the core problem? complexity. Users care less about basic technology and crave unabashed convenience. Unfortunately, most products struggle to make this desire a reality.
If you are familiar with Web3 wallets, you already know that seed phrases are an essential part of these systems. Security is non-negotiable. However, seed phrase management remains a major concern.
Core problems require core solutions. Core aims to solve these problems with a seedless onboarding option.
This product provides an intuitive UX that meets Web2 expectations. Core allows users to create new wallets in several ways, with or without a seed phrase.
Users can sign up for Core using Gmail and Apple logins and add recovery methods such as a passkey, authenticator app, or YubiKey. This frictionless approach allows for a seamless and familiar entry into Web3 without any security or custody trade-offs.
CubeSigner’s secure hardware acts as a repository for your private keys, making them invisible to hackers and preventing them from being misplaced. Transactions remain hidden thanks to remote signing within a secure area, while strong encryption and physical authentication devices act as digital bodyguards protecting against phishing and unauthorized access.
Existing Web3 tools often have a steep learning curve and can be intimidating for new users. Core prioritizes simplicity and intuitiveness. Whether you’re a Web3 novice or an expert, Core provides a fresh, intuitive way to experience the Web3 experience to its full potential.
Core Key Features
Multichain Wallet
Users often use a variety of wallets, extensions, and apps to interact with different blockchains and DeFi protocols. With Core, Ava Labs aims to create a fragmented Web3 experience within a single wallet that supports multiple chains and connects seamlessly to a variety of Web3 services.
Core currently supports major wallets including MetaMask, Coinbase, WalletConnect, Ledger, and over 300 different web-compatible wallets. Users can also create Core-native wallets from extensions or mobile apps available on Google Play and App Store.
The Core Multichain Wallet allows users to store, send and receive cryptocurrencies and NFTs across multiple blockchains without the need for multiple wallets. The wallet also aims to improve interoperability between chains by facilitating easy asset transfers between supported chains.
Blockchain Explorer
Want to track Ethereum’s on-chain activity? Now with Core, it’s simple. Core acts as a search engine for all blockchains. Users have direct access to valuable insights about blockchain transactions, from addresses to blocks within their wallets.
You can also monitor the status of transactions and pending tasks and verify the authenticity and details of a transaction before interacting with it. Core ensures that customers always retain control of their digital assets.
Cross-chain interoperability
Moving assets between different blockchains can be cumbersome and expensive. Currently in beta, Core supports native bridging for Bitcoin and Ethereum, with plans to expand to more chains.
Network congestion on popular blockchains can lead to delays and high transaction fees. Core leverages the speed and efficiency of the Avalanche blockchain with significantly faster transactions and lower costs.
AVAX Staking
Core allows users to easily participate in AVAX staking from their Core wallet. Users can earn rewards for supporting the Avalanche network by delegating AVAX to one or more validators directly within their wallet. AVAX staking is one of the simplest ways to contribute to the network and generate passive income.
The staking feature also features cross-chain transfers across Exchange (X), Platform (P), and Contract (C) chains.
Web3 Gateway
People new to Web3 often lack the knowledge and support to effectively navigate the space. Core provides educational resources and guides within the wallet to help users learn Web3 concepts and best practices.
The platform serves as a gateway to a variety of decentralized applications (dApps), games, and other Web3 services. Users can easily explore the decentralized world with just a few clicks in the “Discover” section of their wallet. Likewise, Core allows you to easily connect to dApps without leaving the wallet interface.
portfolio manager
Managing a diverse Web3 portfolio can be difficult without proper tracking tools. Core offers built-in portfolio tracking and analytics, giving users a clear overview of their assets and performance.
Users can monitor asset values across multiple chains and use these insights to create a comprehensive overview of portfolio health and performance. Real-time market data also helps users stay informed about market trends and analyze opportunities.
Personal and developer tools
In addition to personal tools, Core offers a variety of developer tools within the Avalanche ecosystem. This includes API services, notification services, data dashboards for dApp performance metrics, proof of assets and reserves, etc.
Enhanced Security
Vulnerabilities in wallets and extensions can expose users to theft and fraud. Core emphasizes security with features such as secure private key storage and transaction confirmation. Additionally, the Core extension integrates with supported Ledger hardware wallets to provide an additional layer of security for user accounts.
Core combines security and convenience. Core’s seed abstraction simplifies the Web3 wallet experience for mainstream users, maintains high security through secure hardware and strong encryption, increases Web3 accessibility by removing seed phrase complexity, and provides user choice and flexibility in login and recovery options. We aim to provide
conclusion
Core’s ambitious scope and user-centric focus could potentially play a leading role in the future of the Avalanche ecosystem. Core’s user-friendly tools can lower the barrier to entry for non-technical users while giving users greater control and security over their assets.
core visit
Core FAQs
What is a core?
Core is an all-in-one cryptocurrency wallet and Web3 companion developed by Ava Labs. We aim to simplify access and use of Web3 through an intuitive interface and a variety of tools.
What blockchains does Core support?
Core supports multiple blockchains, including Avalanche, Ethereum, and Bitcoin, with plans to expand support to more chains. Facilitates cross-chain transfers between supported chains.
What assets can I manage with Core?
You can store, send and receive cryptocurrencies such as Bitcoin, Ethereum and NFTs across multiple blockchains in the multichain core wallet.
How does Core make Web3 access easier?
Core offers seedless account creation using Google and Apple logins instead of complex seed phrases. It also features a familiar Web2-style UX, lowering the barrier to entry.
What security features does Core have?
Core leverages secure private key storage, transaction confirmation, and integration with hardware wallets like Ledger for added security.
Can I stake cryptocurrency on Core?
Yes, Core allows you to easily stake AVAX tokens to earn rewards for participating in the Avalanche network.
Does Core have a portfolio tracking feature?
Yes, Core offers portfolio analytics and tracking, giving users insight into overall assets and performance across multiple chains.
What developer tools are available?
Core provides developer tools such as APIs, notification services, dApp performance dashboards, and more for building within the Avalanche ecosystem.
How do I get started with Core?
You can download the Core Wallet mobile app for iOS and Android or install the Core browser extension to create an account and use its features.
