MyEtherWallet has released a full website redesign, which brings several new features to the table. The rollout of the fifth version will supposedly help improve the user experience and enhance security.
Introducing crypto to the general public
According to Kosala Hemachandra, the CEO of MEW, their user base initially consisted mostly from tech-savvy individuals, but the number of crypto investors is constantly growing, and it is crucial to make MEW as approachable and convenient as possible. As U.Today reported earlier, Circle adopted a similar approach by releasing a beginner-friendly app in order to push crypto adoption.
MEW, which supports Ethereum and ERC20 tokens, now automatically show wallet balances (there is no need for a third-party extension). The new version also gives users an opportunity to seamlessly perform a token swap. A brand-new security feature called SendSafe helps verify another address before conducting a transaction.
Hemachandra claims that ensuring the safety of their customers remains one of the top priorities. With that being said, MEW users are still subjected to constant phishing attacks. Hackers create fake websites that copycat the popular wallet in order to scam gullible crypto investors. The CEO reveals that they can count up to 3,000 of such malicious websites.
In order to mitigate the above-mentioned risks, MEW’s security partners try to throttle phishing attacks from the get-go. Meanwhile, users are encouraged to check whether a certain website has an SSL certificate.