What is Argent?
Argent is a digital wallet that is used to store cryptocurrencies and provides some attractive benefits to prospective platform users. Argent, which was launched in 2020 by Itamar Lesuisse, is only available on the Ethereum blockchain. One advantage of the wallet is its simple user interface. Argent appeals to a large audience seeking a simple and secure wallet, despite the fact that it is incompatible with other blockchains. A variety of advanced features have also distinguished this wallet for experienced users who are much more familiar with it.
Users can use the Argent wallet to store their Ethereum blockchain tokens. Argent is also an open-source project, so interested developers can create their own version of the wallet or view its source code. The Argent wallet has a plethora of DeFi features (decentralized finance). It's important to remember that Argent is a non-custodial wallet, which means that because the users keep the private keys, their assets are always under their control, and only the users have access to their wallets.
Argent introduces Guardians, which allow wallet owners to delegate trusted devices or individuals to recover their funds without requiring a private key or seed phrase. So, if you ever misplace your phone, you can simply request access from your Guardians and recover your funds if majority approval is granted. It is critical to note that Argent Guardians never have access to your private keys.
Argent, like traditional banks, lets you set daily limits and withdrawals on your account. As a result, if your wallet is ever compromised, the attacker's ability to withdraw the entirety of your holdings is greatly reduced.
Argent offers free sign-ups for human-readable addresses by integrating with Ethereum Name Services (ENS). This feature, which mimics a Venmo transaction, greatly reduces any confusion when sending and receiving any digital assets.
Argent also provides users with free transactions as a bonus through the addition of meta transactions. Users no longer need to keep ETH in their wallets in order to transact with their favorite ERC-20 tokens, such as Dai.
Argent has excellent wallet security and also offers biometric access. Users of the platform can also earn interest on their assets by using DeFi protocols such as Aave, Compound, and Yearn, among others.