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Monero [XMR] wallet – new features and designs added to the wallet

Sarah Rodrigues

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XMRwallet- new features and designs added to the wallet
Source: Pxhere

The Monero [XMR] wallet was announced by Monero [MXR] team last month. This new wallet includes new designs and features to provide benefits for the community of Monero. The special key features are complete security and privacy, quicker transactions and client-based operations.

The wallet has gathered a lot of attention from the community and cryptocurrency world, wholly due to its features, including the language support of 10 languages and the extended storage ability to transfer a maximum amount.

Monero is a decentralized network and run by a network of users. Its trading is confirmed through distributed consensus on the network. Monero provides a secure network and the avoidance of any third party.

Unlike other top cryptocurrencies, this blockchain provides more security and privacy to its users through the blurring of entire addresses between sending and receiving the amounts of the transaction.

This enables the Monero blockchain technology to block the access of linking to a particular user and any real-world matching of identities. It uses the ecosystem of ring signature and confidential transactions to hide the details of the deals.

The key features of the XMR wallet are that it’s completely based on their client, they will be able to access instant creation of an account, fast transactions, it supports multiple languages, allows easy usage since it requires no logs or registration, access of multi-seed, auto updates of viewing of balance.

There will be latest updates on more features which would be added soon. In addition, they will include easy access to the branched chain of coins such as Monero Classic [XMC], MoneroV [XMV] and Monero Original [XMO].

gingeropolous, A Reddit user commented:

“best of luck to yah. It may take a while to gain trust… are you using the openmonero backend, or did you cook your own?”

TheseAreBetterDays replied:



“Seems like an enormous amount of work – so many congratulations. For your own sake, make it open source or else you’re going to get murdered in this sub.”

endogenic commented:

“Having another Monero web wallet also helps with decentralization in case MyMonero is inaccessible.”

gonzalopers replied:

“If it supports any monero forks, I’m not gonna use it, ever…”





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Sarah Rodrigues is an intern at AMBCrypto. She is pursuing her English lit, Psychology and Journalism at St. Joseph's College. She researches extensively and writes about Cryptocurrency and Artificial Intelligence. Sarah currently does not hold any value in cryptocurrency.

Altcoins

EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand

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EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.



The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.





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