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A Bitcoin [BTC], Bitcoin Cash [BCH], Litecoin [LTC], Ethereum [ETH], DASH, DOGE wallet develops native ERC-20 support

Akashnath

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Bitcoin [BTC], Bitcoin Cash [BCH], Litecoin [LTC], Ethereum [ETH], DASH, DOGE wallet develops native ERC-20 support
Source: Pixabay

KeepKey, a simple and secure hardware wallet, has developed native ERC-20 token support. Users can now send, receive and exchange between 30 ERC-20 tokens on any KeepKey. Now, with its native ERC-20 support, users can create and view raw transactions directly on device without connecting to a third party. Usually, hardware wallets must be connected to a PC to view these details.

ERC-20 is a technical standard used by Ethereum for smart contracts that work on the Ethereum blockchain for implementing tokens. ERC stands for Ethereum Request for Comment. Most of the tokens issued on the Ethereum blockchain comply with ERC-20.

KeepKey was founded in 2014. It allows users to hold Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash and Dogecoin. KeepKey will expect to include many of the other popular tokens whose market cap is close to the summit following its addition of ERC-20 tokens.

Ken Hodler, KeepKey’s CTO, said:

“KeepKey’s large screen was designed to display transaction details in a clear and legible manner. We utilized our screen size for users to see every aspect of their ERC-20 token transactions prior to signing, allowing users to transfer their tokens without having to trust anyone else.”

The KeepKey production client on the Chrome app store will allow access to ERC-20 tokens for KeepKey’s users, their site notes.

Full List of ERC-20 Tokens: Aragon, Augur, Basic Attention Token, Civic, District0x, FunFair, Golem, Gnosis, OmiseGo, SALT, Bancor, ICONOMI, Melon, SwarmCity, Wings, iExec, Status, Numeraire, Metal, TenX, Qtum, 0x, FirstBlood, Ripio Credit Network, SingularDTV, DigixDAO, WeTrust, Matchpool, Edgeless and Storj.



Just prior to this announcement, Jonny, replying to KeepKey on Twitter had said:

“Please, add more coins! And update the Chrome extension!”

Talking about KeepKey, Twitter user David Ferch said:

“Where can I download the native app for MacOS ? It seems you offer only a chrome based web app, isn’t it ? “





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A fourth year engineering student at SASTRA, working freelance at AMBCrypto. Writing and football are passions, and cryptos are an avid interest.

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Bitcoin

Bitcoin’s [BTC] security is 100 times more than that of Bitcoin Cash’s [BCH], says Litecoin creator

Priya

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Bitcoin's [BTC] security is more than a 100 times than that of Bitcoin Cash [BCH], says Litecoin creator
Source: Unsplash

Charlie Lee, Creator of Litecoin [LTC] and Managing Director of Litecoin Foundation, spoke about projects that allocate mining rewards to developers, in an interview with Laura Shin for Unchained Podcast. He also opined about whether Litecoin’s vision still remained the same or not.

On projects that allocate a percentage of the block reward to developers, Lee stated that it was “okay” as long as the project developers were transparent on this subject, adding that in some cases, this was “needed”. He further stated that it was hard to find developers for Litecoin since, there were not enough funds to pay these developers.

[…] we work on raising money and using money to pay for developers but unlike ICOs or other projects we just don’t have millions sitting from selling our ICO tokens to fund these developers. So, yeah I think projects that do that it’s kind of needed […]”

However, Lee stated that for cryptocurrencies such as Bitcoin and Litecoin that really want to become decentralized money, there cannot be any centralized actions like using mining rewards to pay developers.

This was followed by Lee speaking about Litecoin’s vision and the coin’s use case. On this, Lee stated that the current vision was still “very similar” to the old one, seeing Litecoin as a complement to Bitcoin. He added that Litecoin’s raison d’être was not to replace Bitcoin, unlike some other coins that claim to be the better version of Bitcoin.

“[…] I think it’s trade-off. So, a lot of people don’t talk about the trade-offs people talk about how they have fees are cheaper […] people in support of Bitcoin Cash constantly talk about how Bitcoin Cash transaction fees are like a hundredth of that of Bitcoin but, you get what you pay for right […]”

He further added that Bitcoin’s “security was more than hundred times” that of Bitcoin Cash, irrespective of the hash rate being more or not. Lee remarked that one cannot “attack Bitcoin,” whereas Bitcoin Cash could be “eas[ily] be attacked,” adding that this factor was very important and also the reason for cheaper fees.



“[…] same for Litecoin alright. Litecoin is cheaper and the security is less than Bitcoin […] so people who actually move lots of money they would want to use Bitcoin and I think that’s fine like Litecoin can compliment Bitcoin perfectly fine […]”

Lee stated that this was the reason he agreed with Lightning Network, arguing that it was good for both Bitcoin and Litecoin. He stated that Lightning not only helps them scale, but also enables cross-chain atomic swaps, allowing people to swap two different coins instantly and easily in a decentralized manner.





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