6 Minutes

SelfKey Progress Report for December 2020

We are excited to bring you the progress report for the month of December. A month filled with some major announcements and updates.
06 Jan 2021
Sree
Progress Report December 2020

This month of December has seen some major developments for SelfKey as a project as well as the whole crypto industry.

Major updates that happened last month were:

  • Commencement of KEY airdrop for users who underwent Credentials verification.
  • SelfKey Desktop Wallet upgraded to HD Wallet.

KEY Airdrop for Users with SelfKey Credentials

At the start of the month, we had announced that users who have verified SelfKey Credentials will be getting a KEY airdrop worth 18,888 KEY tokens.

On Christmas eve, users were enabled to claim the KEY airdrop through the KeyFi platform.

First 1000 Users with verified Credentials will be able to claim 18,888 KEY tokens.

SelfKey Desktop Wallet Upgrade to HD Wallet

December also saw both the desktop Wallet as well as mobile Wallet getting updates. The most prominent update among this is the SelfKey Desktop Wallet getting upgraded to an HD Wallet.

With the update to the version 1.9.0, the SelfKey Desktop Wallet was upgraded to an HD Wallet.

For anyone not familiar with HD Wallets; HD Wallets are the type of Wallets that allows users to use a set of addresses under one single master Seed Phrase.

It is a recommended practice to periodically update your wallet addresses with a new one, but with the absence of an HD wallet, you will have to generate and backup a Seed phrase for each new address.

With HD Wallets, users do not have to worry about storing multiple Seed phrases for each newly generated address in their Wallet. Because users can use one single master Seed phrase for multiple addresses, and if needed, can use that one Seed phrase to restore all the addresses generated under that Seed phrase.

We believe that with this upgrade of the SelfKey Desktop Wallet to an HD Wallet, we have addressed one of the primary concerns from our community.

The SelfKey Identity Wallet is a free identity solution for Windows, Linux and Mac. Get yours today!
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Fresh content

Connecting to KeyFi Platform Using SelfKey Wallet

A short user guide to connect your SelfKey Wallet to the KeyFi platform after getting your Credentials verified.

Read the full article here.

Claim your KEY Airdrop for Credentials Verification Now!

Users with verified SelfKey Credentials will get an airdrop of 18,888 KEY tokens. A total of 18,888,000 KEY tokens will be distributed as part of the airdrop.

Read the full article here.

That’s all for this month. We hope you had a great start to the year.

Once again wishing you a “Happy New Year”.

Check out our previous Progress Reports here

Stay safe, and Thanks for reading.

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