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Open source wallets for Cryptocurrency

Open source wallets for Cryptocurrency

July 11, 2018 6:33 am,

A Cryptocurrency wallet is the form of Digital wallet which facilitates the Cryptocurrency transactions. It actually stores the address of digital currency, its private key or password and keeps the records of transactions.

The growth of Cryptocurrency is recognized as the idea of decentralization, where there is no authority to control any transactions and everyone is responsible for his or her own transaction. It basically works on a peer to peer network. Open source technology is the essence of Cryptocurrency and blockchain network. It has enabled the vibrant growing industry to reap the benefits of decentralization such as immutability, transparency, and security.

Below are the six open source Cryptocurrency wallets:-

  • Copay is an open source Bitcoin wallets that promises convenient storage. The software is released under the MIT License. Copay server is also an open source. The Copay wallet empowers the user to take the security of Bitcoin in their own hands, instead of trusting unreliable third parties. It also allows using multiple signatories for approving transactions and support the storage of multiple, separate wallets within the same app.
  • MyEtherWallet (MEW) is the wallet for ethereum transaction. It is the open source and completely online and accessible through a web browser.
  • mSIGNA is released under MIT License and is available for MacOS, Windows, and Linux. It provides you with complete control over Bitcoin stash.
  • Armory is an open source wallet for producing and keeping Bitcoin private keys on a computer. It increases security by providing users with cold storage and multi-signature support capabilities. It facilitates setting up wallets on the computer that is completely offline.
  • Electrum encrypts the private keys locally, supports cold storage, and provides multi-signature capabilities with minimal resource usage.
  • Etherwall is the first wallet for storing and sending ethereum on the desktop. The open source wallet is released under the GPLv3 License.