Ba Yanans launched a new Web3 wallet of their own, which caused the $TWT currency to drop 20% over the past week despite the great positivity of the market 🩸

What is the new Web3 platform 🔥 and why has it affected#Trustand how can it affect#MetaMask🐺

The current Binance platform wallet is your own wallet, but under the management of #Binance, as all buying, selling and transfer operations are exclusively through Binance.

Unlike the new wallet, which gives you custody of your digital currencies and is considered a self-custody wallet ✅ and gives you complete control over your wallet

It is based on Multi-Party Computation MPC technology 🔑

This means that your key to access the wallet is divided into 3 sections, located at 3 ends

1️⃣ Protected by Binance

2️⃣ It is protected on your device that you used to create the wallet

3️⃣ Protected on the cloud of your choice...whether iCloud or GoogleCloud. You must do this step when creating the wallet.

In order to access the wallet, you need two of the three sections. This ensures that Binance does not access your wallet since it only has one part of the key.

Can I get my own seed package 👀

For the Binance Web3 wallet, there is no seed group... As I mentioned, it is an MCP wallet whose key is divided into different sections and stored in different places.

To get your private key, you can use the Emergency Export feature, but you will not be able to use it on Binance after that.#