03 Jun 2018 Arjun Agarwal
All Eyes on Monero’s Updated Wallet
The launch of the update led to Monero’s exchange price at $158.11 on CoinMarketCap with a market capitalization of $2,542,629,640.
Looking into the features in more details, the development of the dialect front enables using the wallet in 10 dialects. This empowers the wallet in increasing its target audience in the long run, giving access to more individuals.
With regards to security features, Monero introduces the “Cold Storage” – the majority of the private keys (the benefits) are stored in a disconnected stockpiling, safe from hacker attacks. During exchanges, the delivery of the keys will be obscured, providing high client security. This makes Monero particularly appealing to the user, as confidentiality and data protection are main priorities for the wallet’s developers.
Focusing on synchronization, users can download, run and sync the wallet on a laptop or a desktop. Users can benefit from blockchain wallet synchronization before the installation.
Last, yet not least, the security features of the wallet have been improved with the introduction of instant deactivation. This is activated in cases when the user has lost his gadget and the feature ensures that the information on it is secured and inaccessible. Furthermore, the wallet can be accessed from different sources.
These features add to the wallet’s user-friendliness, based on lack of registration processes, easy asset management, and automatic updates. Monero is working on incorporating access to Monero Classic (XMC), MoneroV (XMV) and Monero Original (XMO).