The best security and privacy coin, Monero and its community have made one stop forward towards a better, decentralized community. With the community’s interest in mind for a better and decentralized Monero, users now have another choice when choosing a Monero wallet to use, made for the users, by the users.
In a Reddit post on the Monero subreddit, user with the username WiseSolution, but also known as Nath (short for Nathalie), announced that she is launching a new Monero wallet called XMRWALLET. The wallet will help with decentralization, because currently only one Monero Wallet exists. Also users will have a choice, if the original MyMonero Wallet is offline.
Monero (XMR) summary
Monero is the best security and privacy coin out there. It was launched back in April 2014 and since then Monero established itself as a leading cryptocurrency. Monero is a secure digital currency that provides the highest level of privacy and anonymity of any known cryptocurrency. For that reason, Monero won our Top 5 best privacy and security coins. Monero is so anonymous that you can’t even see the amount that is sent between both parties in a transaction. Even law enforcement agencies can’t bypass Monero’s security features.
Monero’s blockchain is operated by a user’s network and works similarly to Bitcoin’s framework and transactions, but Monero uses address derivation and ring signatures. Ring signatures allow transactions to become fully confidential and all transaction-related details to be hidden, including amount send, received and destination. No one is able to link the Monero blockchain to a particular user or identify someone in the real world. Monero’s use of complex cryptographic methods like Ring Signature technology, Kovri, Ring Confidential Transaactions and Stealth Addresses
Monero’s blockchain is virtually impossible to be analyzed, but it is also a decentralized cryptocurrency and ecosystem. All transactions are confirmed by the whole network’s consensus. Decentralization means that there is no 3rd party between you and Monero and is one of the most important goals for cryptocurrencies. If you want to learn more about Monero, click here to read our article 5 Things you need to know about Monero.
New XMRWallet, Monero wallet available to the community
The Reddit user wrote on the subreddit:
“The doors are open and I am so happy to finally have finished the site for the Monero community. It has been a long 7 months of work but it is definitely a labor of love. I have been using MyMonero for over a year (thank you /fluffyponyza for the amazing service) and thought I could improve some aspects of the program and build out a bunch of cool new features. Having another Monero web wallet also helps with decentralization in case MyMonero is inaccessible.”
Nath also displayed the list of new features that the new Monero wallet will have. On the list of features, she included:
- Fast transaction times
- Create your account in an instant
- Fully client-side operation
- The wallet will support more than 10 languages
- MyMonero seed compatibility for wallet imports
- Compatibility with the original Monero seed
- XMR/USD balance view that will update automatically
- You will be able to send the maximum amount that you own, a feature that is lacking on MyMonero
- No registration and no logs required
- You will have access on multiple seeds
- Visible height synchronization with a bar that will show you the progress
- Your wallet will sync without a need for transaction import
Nath also pointed that additional features are currently in the process of development. These include Twitter live updates and a seamless access to forked coins on the Monero blockchain, like Monero Original, Monero Classic and MoneroV. As she pointed out on the Reddit post, she is extremely busy and working a full time job, so she will appreciate any support, assistance, bug notice and feedback she can get from the Monero community. Every extra hour she has, will be devoted to improving and perfecting the new Monero Wallet.
Only positive feedback from the Monero community
The new Monero Wallet, XMRWALLET has received a lot of positive reactions and feedback already from the Monero community. Comments like “looks really great” or “the design is perfect” can be seen in the Reddit comment section. The ability to send your maximum amount was greatly appreciated by the community, as MyMonero still doesn’t have the option. When you add the over 10 languages support, the seed compatibility and access, and the role it will have on decentralizing Monero’s ecosystem, the new wallet is a great addition to the community that everyone will appreciate and praise.
If you want to learn more about the new XMRWALLET, the improved features or you want to make an account, visit their site at: https://www.xmrwallet.com/#/landing
- Security Token Offering (STO) Guide: Everything you need to know about STOs - Feb 28, 2019
- Coinbase Pro is adding Ripple (XRP) support for trading - Feb 27, 2019
- Top ICOs of 2018: Initial Coin Offerings that beat the Crypto Bear’s market - Feb 26, 2019
- Ethereum hard forks Constantinople and St. Petersburg scheduled by the end of the week - Feb 25, 2019
- Ethereum founder and CEO, Vitalik Buterin revealed his non-Ether holdings and revenue sources - Feb 22, 2019