Most of the crypto holder’s coins or tokens are stored on a centralized exchange. The keys are held by the Phantom exchange, due to which if the exchange decides to halt or suspend withdrawals, the assets will be stuck on the exchange.
This is the part where decentralization comes into play, which puts the true power into the hands of the people. Users can store the assets on the blockchain via a Web3 wallet.
In today’s blog post, we will be taking a look at what exactly is the extension service offered by Phantom and take a closer look at some of its key features.
So let’s start.
What is the Phantom Extension?
The Phantom extension for Chrome is a browser extension that allows users to interact with distributed apps on the Solana blockchain. It inserts an object into each website’s Java script context in order for the decentralized apps to interact within your wallet.
Phantom enables users to create and control their identities utilizing hardware wallets like Ledger, private keys, and Mnemonics. Phantom offers a safe user interface that enables carefully reviewing and accepting transactions before authorizing or rejecting them.
The Phantom extension download can be done for Chrome from the official Phantom website, or from the Chrome web store. The Phantom extension Chrome enables you to store, receive, swap tokens, send, and collect NFTs via the Solana blockchain.
Note: Phantom wallet extension Firefox can be similarly downloaded as the Chrome extension.
Now that we have taken a general overview of the Phantom Wallet let us take a look at some of its key features.
Key features of the Phantom Wallet
The Phantom extension is a browser extension that allows users to create and use "phantom" or "invisible" browsing sessions. Some key features of the Phantom extension include:
- Privacy protection: Phantom sessions do not leave any browsing history, cookies, or other data that could be used to track the user's online activities.
- Multiple sessions: Users can create and switch between multiple phantom sessions within the same browser, each with its own set of cookies and browsing data.
- User-agent spoofing: The extension allows users to change the user-agent string that is sent to websites, which can be used to bypass certain website restrictions or access content that is not normally available in the user's region.
- Customizable settings: Users can customize various settings such as the proxy server used for the phantom sessions, the amount of data stored in the session, and many more.
- Cross-browser compatibility: Phantom extension is compatible with multiple browsers such as Chrome, Firefox, etc.
Is Phantom extension safe to use?
Phantom is a reliable and safe Chrome extension. According to its official website, it has been mentioned that Phantom will never have access to any user’s private keys or funds and it has been independently audited by a trusted platform.
However, in general, it is recommended to only download extensions from reputable sources and to be cautious of extensions that ask for excessive permissions. It's also a good practice to read reviews and check the user ratings before installing any extension.
Wrapping it up!
As you have read above the wide variety of exciting features the platform provides to its active users you can surely state that Phantom extension is a reliable service. Phantom is very convenient in terms of staking.
Decentralized apps have several hazards, including the possibility of smart contracts being exploited by software flaws, and other issues. Before you start using the extension on your browser and connect your wallet to any of the decentralized apps be mindful to weigh the hazards associated with Defi.
So till next time
Be safe and safe investing.