The Laxo Wallet is now available for both Mac and PC. On January 20, Laxo, a Bitcoin SV (BSV) wallet provider, released its first version of its threshold signature wallet.\u00a0 https:\/\/twitter.com\/Laxosolutions\/status\/1219430063558389762?s20 The Laxo Wallet is BSV\u2019s first multi-signature wallet that support threshold signatures. A threshold multi-sig wallet is a cryptocurrency wallet that splits one private key into multiple parts. Each member of the threshold multi-sig wallet receives a piece of that one key, and when N out of M (for instance, 2 of 3) users provide their fraction of that private key for a transaction, the transaction is approved and sent. In other words, Threshold multi-sig distributes key generation, key storage, and signing across multiple parties. This removes the chance of there being a single point of failure and leads to better security overall since a private key can never be compromised in its entirety--unless N of M private key slices are compromised. Optimizing the user experience Laxo is looking to make cryptocurrency wallets easier to use than ever before. To accomplish this goal, they have started by removing the 12-word mnemonic from their wallet generation process. \u201cMnemonics controlling a wallet makes it very easy to lose all the funds associated with the wallet. People forget their mnemonics easily,\u201d said Wang Fu Qiang, the founder of Laxo Solutions. The 12-seed mnemonic is an inconvenient way to safeguard your funds and has even led to many people losing access to their funds.\u00a0 https:\/\/twitter.com\/PeterSchiff\/status\/1218911797626847234?s20 Many wallets urge their users to write their mnemonic down and keep it in a safe place, but that mnemonic can easily be lost. Others try to memorize it, but it can be easy to forget 12 words and the sequence they come in. Unfortunately, once you forget your mnemonic, you will not be able to access your funds any longer. This is why Laxo does not use a 12-word mnemonic. Instead, it relies on the security within threshold signature technology for the solution. \u201cWith the Laxo Wallet, if a user loses access to their device or backup, he\/she can initiate a recovery process by requesting services that store other key parts to recalculate and generate a new set of key parts,\u201d said Wang Fu Qiang. On Laxo, the default personal wallet comes with a 2\/3 signature scheme. This means there are a total of 3 key slices\u2014one is stored on the user\u2019s device, and the other two are stored with Laxo and Maxthon, respectively. That being said, even if any one piece is lost, user funds are still secure because two out of the 3 keys will always be intact and can be used to generate a new private key slice for the user who has lost their slice. What\u2019s next for Laxo Laxo plans to roll out iPhone and Android support for the Laxo Wallet in the next few months. Once the mobile versions of the Laxo wallet are released, users will be able to recover their funds via face id and fingerprint. Laxo will also be adding features like fixed deposit, asset inheritance, and more as they continually update their wallet. In the next update, Users will be able to create multi-party wallets; wallets in which they can set the parameters when it comes to how many parties need to provide their key slice, and they will have the ability to add\u2014or remove\u2014members to the wallet.\u00a0 You can download the Laxo Wallet by heading over to the Laxo website. To receive the latest updates about the Laxo Wallet, or to provide the team with feedback, you can join the Laxo Wallet Telegram group to receive updates in real-time or to ask any questions you might have.