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The Blocto cryptocurrency wallet is a cross-chain wallet developed by Portto, with the intention to make a blockchain technology more accessible. The wallet is capable of managing cryptocurrency, decentralized applications, and NFTs. Blocto is developed with the intention to allow users to more easily interact with NFTs, cryptocurrency assets, and blockchain decentralized applications when compared to other cryptocurrency wallets, regardless of which blockchain the assets or applications are built on.
Blocto supports assets and NFTs across different blockchains, with support for Ethereum, Flow, Solana, and Tron blockchains, with the intention to support new blockchains that have more growth potential. The application is offered through a mobile application and in a browser extension for Chrome, Firefox, and Brave browsers. As well, the Blocto wallet works to manage issues such as private key management, gas fee mechanisms, and wallet addresses through the user experience to make the use of the wallet as easy for the user as possible.
For developers, Blocto supports development of decentralized applications on the Flow, Solana, Ethereum, and Tron blockchains. With the cryptocurrency wallet's parent company suggesting that those developing with Blocto will be able to take advantage of the cryptocurrency's user base, ecosystem, and SDK.
An overview of Blocto and its features
The Blocto token is a utility token and governance token of Blocto, which serves as the foundation of the Blocto ecosystem and an interconnective link between the wallet, Blocto-made products, and users of those applications and cryptocurrency wallet. BLT mining is considered an essential component of the Blocto ecosystem, with 25 percent of the BLT tokens supply intended to be distributed through mining.
Holders of the BLT token can use it as a utility token, to pay network fees in supported blockchains. Blocto intends to increase the adoption of BLT with each blockchain integration to improve the user experience and the token's utility.
