ForDefi Takes The Guesswork Out Of Crypto Transfer Security

 

We’ve all been there. You’re about to send someone crypto, so you double and triple check every aspect of the transaction.  Is the denomination correct? Is the receiver’s address correct?

 

Nervously, you finally push the send button, anxious that if there is even a single mistake, the funds could be gone forever.

 

Wouldn’t it be nice to do a “test run” of the transaction to ensure that everything works perfectly before you commit to that final click? 

 

That’s exactly the service that ForDefi provides. 

 

ForDefi’s Transfer Simulator

 

ForDefi translates complicated smart contracts into language users can understand, simulating every transaction in advance and independently verifying dApp names.

 

 

 

 

The transfer simulator displays the run-time effects of each transaction prior to final approval, showing expected balance changes, token approvals, and bridging details.

 

Security for Institutional Users

 

The ForDefi Wallet also uses multi-party computation (MPC), enabling an institution’s private keys to be distributed while still allowing the user to easily connect with decentralized applications. This advanced MPC key management scheme protects institutional users from any single point-of-failure and is the only institutional MPC wallet built for firms transacting across blockchains.

 

Multi-factor authentication (MFA) is required for every transaction, protecting the platform from man-in-the-middle attacks. 

 

Additionally, their policy management capabilities enables users to create and define their own workflows, protecting themselves from both internal and external vulnerabilities.

 

Learn more at ForDefi.com and follow the project on Twitter @FordefiHQ.