What is Linen?
Linen Wallet is a multi-signature wallet for Ethereum, Polygon, and Gnosis Blockchains. It's a multi-key wallet, in contrast to wallets that use one key.
Linen's aim is to empower individuals to self-custody their crypto assets in a responsible way and to provide access to the ever-growing Decentralize Finance (DeFi) and also protects users' wallets with three keys, in which two of those three are required to access your wallet.
Linen wallet was co-founded in 2017 by Alex Bazhanau and Vitaly Bahachuk and headquartered in San Francisco, California, United States.
What problem does Linen solve?
Linen protects users from becoming a victim of stolen and lost key which leads to loss of assets. It's a real threat in the cryptocurrency space and can happen to anyone, even the most crypto-knowledgeable people.
Linen Wallet is protected with three keys, and two of those three are required to access your wallet. With a smart contract, your crypto wallet is secured using three keys. You can lose one and still access your wallet, and if someone steals one of your keys, they can't still access it.
Linen wallet also allow users to pay gas fees with different tokens
What can Linen be used for?
Linen wallet can be used in variety of ways, aside from storing cryptocurrency user can do multiple things;
- Buy and Sell cryptocurrency
- Staking cryptocurrency: There are variety of staking options available on Linen wallet for users and earn interest on their holding
- Interact with Decentralized Finance
How to get started?
Linen wallet is available both on iOS and Android devices. Download the wallet from your preferred store and click on "get a new wallet" to create a new wallet, and you can also import an existing wallet into the linen wallet.