Verto is a multi-currency wallet that will allow access to the VDEX. Verto will also have integrative functionality of other DApps like order book settlement from VDEX and a crypto ratings and rankings dashboard from Vespucci.
Verto allows users to manage their public and private keys locally and maintain custody of their assets.
VERTO, an innovative downloadable wallet to support peer-to-peer digital asset transactions while ameliorating the risks of using a centralised third-party exchange.
VERTO will hold VTX, a native digital asset utility for use in the VOLENTIX ecosystem to operate and manage its various functionalities, especially the other pillars of the VOLENTIX ecosystem: the decentralised exchange VDEX, the promotion and marketing platform VENUE, and the user interface and ratings research tool VESPUCCI.
A second generation VERTO expects to provide interactive functionality to manage relationships with other users within the VOLENTIX ecosystem and to access meaningful tools afforded by the other core applications.
In contrast to central exchange applications, VERTO plans to maintain control of private keys within the asset owners own local device so that custody of assets is not ceded to third parties. VERTO therefore seeks to eliminate the hacking and error-based risks associated with trusting a third-party intermediary.
Authentication is planned to run on the EOS blockchain.
For security purposes, private keys and passwords are not stored remotely, and therefore password resets are not feasible. It is thus essential that keys and passwords be backed up to a secure location.
VOLENTIX also plans to recruit and incentivise a decentralised developer community to maintain and evolve the core applications supporting VERTO and the other pillars of the VOLENTIX ecosystem. Our commitment is to promulgating open source code and to sharing innovative ideas with full functionality for making proposals within a robust governance structure aimed at increasing efficiency and preparing for artificial intelligence micro-transactions within the Internet of Things.