Cheetah Mobile Releases White Paper on Global Cryptocurrency Wallet Security

Cheetah Mobile announced a jointly published white paper “Global Cryptocurrency Wallet Security” with Blockchain Research Lab and Cheetah Lab, which explores the security risks currently facing the cryptocurrency wallet industry, puts forward security recommendations for wallet users and outlines the security standards to which all safe cryptocurrency wallets should adhere.

“Security is the most critical aspect of the cryptocurrency industry, and will ultimately determine the sustainability of its development and adoption,” said Edward Sun, SVP of Cheetah Mobile. “The creation of secure and reliable cryptocurrency wallets for the safe storage of crypto-assets is extremely important. At Cheetah Mobile, we are able to leverage our long-term experience in the security software industry and extensive analysis of current blockchain technologies and products.”

Key points in the paper include:

• Defining the purpose of cryptocurrency wallets
• How cryptocurrency wallets are categorized
• Features of cryptocurrency wallets
• Potential safety risks of cryptocurrency wallets
• How to respond to cryptocurrency wallet security risks
• Security standards of cryptocurrency wallets

Sun continued, “We hope that by publishing this white paper, users can more clearly understand the security issues surrounding cryptocurrency wallets and increase their vigilance against security threats. Also, by outlining the security standards for cryptocurrency wallets, we can help advance the security capabilities of the cryptocurrency wallet industry as a whole and jointly safeguard users' digital assets.”