Cryptocurrency wallet solutions come in many different forms, shapes, sizes, and versions. All of these offerings tend to offer something slightly different from its competitors, to varying degrees of success. ZenGo is a very different creature, as it is a wallet solution which doesn’t require key pairs whatsoever. As is to be expected, this controversial approach tends to leave the community a bit divided.
The ZenGo Concept is Unusual
While one has to commend cryptocurrency wallet developers on trying a different approach compared to the current offerings, one has to wonder how many of these options will prove to be viable in the long run. ZenGo, a project developed by KZen, is very different compared to what most people are used to by now. Unlike most, if not all of the other offerings, this wallet does not require key pairs to prove ownership of currencies or enable transactions.
More specifically, the KZen blog post confirms their project makes use of open source threshold cryptography. This is, in the team’s opinion,…