Whether you utilize hot or cold storage or rely on a centralized exchange (CEX), managing your cryptocurrency finances can be confusing. Forgetting your seed phrase, losing your wallet, and accessing your funds are just some of the mishaps that can occur. Both centralized and decentralized storage systems carry inherent risks, but each has its own benefits, creating a persistent wallet dilemma of balancing security and user experience.
Therefore, to achieve advanced fund storage capabilities, we need a solution that enables convenient transfer of funds in a decentralized manner, with full ownership and autonomy of funds, security, privacy, and 24-hour reliability. It is essential to build. At the same time, individuals should be able to overcome the risk of losing funds due to personal mistakes or hacks.
Choise.ai is an emerging Web3 development ecosystem for enterprise-grade financial services that recently introduced an architecture used exclusively for that purpose. A new hybrid SMPC technology called Tringlr simplifies cryptocurrency financial management and trading while ensuring maximum security. Choise.ai will not only incorporate Tringlr into his B2C services, but will also distribute it among his B2B clients, making it widely available to various institutions and their customers.
But how does Tringlr work, what exactly is SMPC technology, and what role does Choise.ai's central CHO token play in all this? Let's organize.
Best-in-class cryptocurrency wallet security
As already mentioned, Tringlr is a hybrid SMPC technology that makes online financial operations the most secure. SMPC stands for Secure Multiparty Computing Protocol, which distributes computing tasks among multiple parties without a single party having access to other parties' data.
In the case of Tringlr, these parties are wallet users, a centralized platform, and a so-called security agent that verifies transactions. Each has its own key, and these three keys together form a special key pool.
The hybrid approach ensures that wallet owners do not lose access to their funds or the funds themselves under any circumstances.
With Tringlr, a breach of a decentralized component does not result in financial loss, as transactions require further confirmation from a central administrator and secure agents. Similarly, this technology protects against intensive efforts to block user withdrawals.
Next level flexibility and recovery options
Tringlr blends the security of distributed storage with user-friendly, centralized features such as off-ramps, versatility, and recovery options. Seamless integration with traditional financial systems facilitates transactions with a centralized component that provides easy access to banking services such as automatic card funding within predefined limits.
The technology also allows for unprecedented customization, extending to transaction limits for both transfers and withdrawals, as well as transfers to trusted parties (such as relatives), which act as an additional layer of protection.
Tringlr provides another safeguard against potential losses, allowing users to proactively configure emergency events such as long periods of inactivity. These events trigger the transfer of assets to a decentralized backup wallet. Fund owners receive confidential notifications to a predefined backup email.
Tringlr’s security framework implies that backup wallets cannot be accessed by central administrators. Only the wallet owner and a designated secure agent can initiate the wallet backup procedure, and inputs will be accepted within a strict three-month period. Together, these measures effectively prevent unauthorized access to user funds.
Tringlr also facilitates asset management across various networks such as Ethereum, Polygon, Tron, Base, Solana, and Layer 2 solutions. Multi-chain functionality is further enhanced by account abstraction features, smoothing transactions while providing users with features such as in-browser payments and direct money transfers between wallets.
CHO token as the foundation of Tringlr
The CHO token is the foundation of Choise.ai, whose tokenomics extends from the B2C platform Choise.com to the B2B project Vault. Tringlr will be integrated into both the Choose.com retail application and the solutions provided by his B2B partners at Choose.ai, with CHO playing multiple roles.
First, tokens are used for all transactions and money transfers. A small annual fee for wallet storage will also be paid in CHO, facilitating the circulation of the token.
The second component of the CHO token’s functionality is secure agent incentives. An agent earns rewards in her CHO by properly supervising and approving user transactions and operations.
The system creates a dynamic CHO economy by introducing new use cases and opportunities. With the advent of Tringlr, the utility of the token is expected to increase significantly as Choose.ai accelerates its growth, partners more broadly, and integrates further into a variety of decentralized applications (dApps) and projects.
Strategic development increases interest in CHO
Demand for the CHO token is increasing in parallel with the growth of both the ecosystem and its user base. Recently, a series of significant developments by the team have helped the token reach its 10-month high of $0.143632.
Initially, this rapid growth was driven by Choise.com's strategic pivot to the B2B sector through its merger with Vault, which ultimately led to the creation of Choise.ai. This transition was accompanied by a commitment to provide up to 20% of Vault's profits to his CHO holders. Further fueling the token’s rise was the announcement of the upcoming VLT token, which will be distributed exclusively among CHO stakers as part of this revenue sharing plan.
At the same time, a new cryptocurrency-powered Mastercard debit card will be available for order on the Choise.com platform, and the CHO token itself will be listed on the BingX exchange, promising increased market exposure and liquidity. Reported.
It is worth noting here that CHO was launched on the Binance Smart Chain (BSC) network, giving it access to a rapidly expanding user base. BSC boasts over 440 million wallets, continues to grow by over 200,000 wallets daily, and is known for its low transaction fees and seamless compatibility with his MetaMask.
By leveraging the cost-effectiveness of BSC, Choose.ai plans to drive user engagement and facilitate hassle-free and more economical transactions. To commemorate this pivotal expansion, the team has invited his CHO holders to participate in his $500,000 high prize lottery by transferring their tokens to his BSC wallet. Details regarding participation will be revealed soon.
summary
Tringlr is expected to be released within the next three months. In our next whitepaper, we will explore its operation and hybrid SMPC architecture in detail and demonstrate its capabilities to enhance the security of asset storage.
This technology by Choise.ai takes back control of users' finances and addresses risks associated with centralized service issues such as unauthorized account closures, unexplained freezing of funds, and vulnerabilities to hacking and fraud. It aims to empower users. Tringlr promises true ownership, secure storage of your money, and customizable features to ensure the safety, accessibility, and control of your assets.
By integrating Web3 with traditional finance (TradFi) systems and placing the CHO token at the core of this transformation, Choose.ai becomes a comprehensive and trusted ecosystem for both retail users and enterprises, changing the way they handle digital finance. is ready to be redefined. And it was secured.
