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Cryptocurrency News Articles

Neon 3: COZ Releases New Self-Custodial Wallet Designed for Desktop and Mobile Platforms

Aug 17, 2024 at 09:28 am

COZ has released Neon 3, the latest version of its self-custodial wallet, designed for both desktop and mobile platforms.

Neon 3: COZ Releases New Self-Custodial Wallet Designed for Desktop and Mobile Platforms

Multi-chain self-custodial wallet Neon has released its latest version, Neon 3, for both desktop and mobile platforms.

The new version boasts several improvements and features to enhance the user experience, including support for Neo X.

Setting Up Neon 3 Wallet

For new users, setting up Neon 3 is straightforward. After downloading and opening the application, you can choose a master password and save a BIP-39 seed phrase to set up your first multi-account wallet.

Once a wallet is created, you can generate new accounts for Neo N3, Neo Legacy, Neo X, or Ethereum.

If you're an existing Neon user, you'll need to follow a migration process. When you open the previous version of Neon, you'll be prompted to migrate your accounts.

Follow the prompts to create a migration file, which you can then import into Neon 3.

After installing the new version and selecting the migration option, you'll be asked to set a single password for the migrated accounts.

You can then choose which accounts to import and provide the respective passwords used in Neon 2.

Once complete, the migrated wallet will be ready for use in Neon 3.

In the initial release, Ledger hardware wallet users will need to create a wallet before connecting their device and opening the corresponding app. This will allow Neon to detect the device and display all derived addresses with token balances (with an option to derive additional addresses as needed).

According to COZ, an anonymous login option will be added in the near future to let Ledger users skip the password login step.

New Design and Features in Neon 3

The Neon Wallet 3 introduces a revamped design, starting with the Portfolio page.

This page provides a comprehensive overview of all your accounts, displaying token balances and price estimates. You can also access tabs to view aggregated activity and dApp connections.

The Wallets page is where the new multi-account paradigm truly shines. It allows you to manage accounts across various networks, including Neo N3, Neo X, Neo Legacy, and Ethereum.

Customization options are available for labeling and coloring accounts.

Accounts are controlled from the accounts sidebar. Selecting an account will allow you to view and manage NEP-17 and NEP-11 balances, claim GAS, and explore transaction activity.

From this screen, you can also initiate connections with dApps that support WalletConnect, such as the official Neo governance portal and the Flamingo and Forthewin decentralized exchanges.

The dedicated pages for Send and Receive remain functionally equivalent to Neon 3’s predecessor, albeit with some design refinements and multi-account accommodations.

The Contracts page also remains, but is now enhanced via its shared use across all wallets and accounts.

The Settings menu should be largely familiar to existing users, with the addition of Neo X and Ethereum network configuration options, and tweaks to the security panel to work with the new global password feature.

For more details on the update and migration process, please visit the official COZ website.

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