Hive Keychain v3.1 is out and comes with Multisig feature

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Hello readers,

Today we will talk about the magical tool known as the Hive Keychain, not to mention that if you are an existing user of this rising blockchain, you must have been using this software for quite some time now. Hive keychain is a software that is available as an app for both Android and iOS and in the form of an extension for most of the leading web browsers like Google Chrome and Brave etc. This software in a nutshell is a key-chain for your account(s) that does unlock an entire world of games, blogs and stories, videos and even a special kind of digital treasure chest in this blockchain. The Hive Keychain has been making people’s lives easy in the vibrant world of Hive for a long time and just recently, they have upgraded their keychain to v3.1 which comes with a new multi-signature transaction facility which we are about to talk about in this post, before going into that, let us have a basic knowledge about Hive keychain and how it helps users on Hive blockchain to perform transactions seamlessly in a secure environment.

What Is Hive Keychain?

In short, Hive is a social media and gaming blockchain platform and Hive Keychain is like a magic key holder specifically for a place called Hive in this web3 realm. Hive is not just one website but it is a gigantic blockchain network filled with games, blogs, videos, crypto related projects and all sorts of fun things created by users from all around the world. What is what makes Hive special. The hive ecosystem is like a big team game where everyone coming from any corner of the world can contribute, share and even earn rewards for their efforts and contributions! More importantly, anyone can join Hive completely free and can also engage in this platform and make transactions for free of cost is that user have a little amount of Hive tokens staked in the account. Here people can earn by publishing quality contents in form of blog posts or threads, videos, comments etc. Hive is a decentralized blockchain based platform so there is no centralized authority or company controlling the strings. On top of that, because it is built in a blockchain system, every little thing that a user does is recorded on the blockchain in the form of transactions. So the Hive chain provides a great environment for both project developers and users with unmatched security and transparency.

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Keychain availability

Hive is a big place and with so many articles to reads, threads to reply and games to play, Hive can be a overwhelming place for new comers to grasp all at once. However, to join and becoming a part of this web3 world and taking a dive into the fun safely and easily, you just need the Hive Keychain to control your ship in this ocean. Hive Keychain is a special software or rather a digital tool that you can add to your web browsers like Google Chrome, Brave and Firefox and if you want to explore it on your phone, Hive Keychain is also available as an app for your iPhone or Android devices. This tool is a one stop solution for performing struggle free Hive Transactions which helps you to use all the available Hive features without any hassle and even some more utilities on top of that.

Why Is Hive Keychain So Cool?

1. Security: Crypto is a wild world and keeping your digital assets safe is super important in this realm to protect them against thefts or scams. Hive Keychain with its strong security protocols always makes sure only you can access your part of Hive whole keeping all the bad scammers and frauds away.

1. Ease of Use: By using the Hive Keychain, joining in and playing different games, publishing or interacting with other’s blogs or threads rather than watching videos becomes so easy and literally you can do those by just clicking a button. Hive Keychain users do not need to remember or write and carry those long different account keys or passwords, your keychain does it for you without taking possession of your keys.

1. Helping over 100k people Hive is a pretty old, well-known and developed platform and over 100,000 people are already using the Hive Keychain to explore and interact with this digital Hive realm. A large number of that mass interact on this platform on a daily basis - from playing games to interacting with articles and learning and sharing new things and meeting new people from around the world. Hive is a rich world in terms of activities and there is always something exciting to do in this platform. Thankfully Hive keychain is making the experience of interacting with a blockchain network very smooth like butter while not compromising the integrity or security and helping hundreds of thousands of users.

Multi Signature Integration

In the world of Hive, there are mainly 4 types of keys in any account - Posting, Active, Memo and Owner or master key and they all have 2 versions - the public version is shared publicly and can be used to see transactions of any account while the private keys are only given to the owner to do transactions. In this platform, Keys play a very important role and if your keys have been stolen the the scammer may take full control of your account including funds. These different keys perform different types of transactions where the posting key is used to post blogs, do comments etc while the Active key is used to transfer your assets or funds. sometimes in order to perform special actions, you need more than one key to sign certain transactions. That is where the Hive Keychain’s newly upgraded magic spell called "multi signature" or "multisig" comes into play. With their latest update in Keychain v3.1, they have made performing these types of transactions using Keychain very easy.

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Source

How Multisig Works

Let’s imagine you and your friend have a treasure chest and to make sure the safe is extra safe, you both decided that it can only be opened when two of you use your keys at the same time. That is what multisig does in a nutshell! It is like a super-secured lock for your digital treasures on Hive. When 2 or more people together want to do something important on Hive or hold some highly valuable or shared assets that need this extra security, he can use this multi-sig feature to Hive Keychain. The Hive Keychain automatically knows and helps you and your friends to use your keys together. And if you are waiting for your turn to use your key, Hive Keychain will let you know when it's the time while making sure everything goes smoothly and securely.

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Download

Download Hive Keychain from Official Website - Click Here!

Discord

Join Hive Keychain Discord - Click Here!

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I hope you liked reading my post and if it has added a little knowledge, I will be very happy to know about it. Let me know your thoughts in the comment section below and I will be seeing you all in my next post.

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