Connect with us

Altcoins

VeChain’s revised timelines – Aims to adopt the go mobile strategy

Ranjitha Shastry

Published

on

VeChain's revised timelines - Aims to adopt the go mobile strategy
Source: Pixabay

VeChain Foundation has released their revised timelines with some added functionality like “wallet observation function”. With this release, they intend to adopt the go mobile strategy in promoting the mobile computing age in the ways that their clients [investors/traders] were accustomed.

VeChain Foundation's tweet | Source: Twitter

VeChain Foundation’s tweet | Source: Twitter

“The VeChainThor Wallet will be the portal to all kinds of Dapps on the VeChainThor Blockchain. This wallet will be chock full of features, services, and opportunities that the word wallet may even be limiting.”

VeChainThor [VET] wallet, being a critical part of VeChain’s vision, aims to be sure that their mobile wallet is “as secure as it could possibly be”. It is said that they have employed the weight of third-party auditors and picked through every line of code to ensure security. They quote:

“We dare say, it might be one of the most secure wallet in any market.”

It is their idea to make a “migratable asset” easily integrate with the “third-party wallets” while retaining the “X Node status”. Their revisited plan includes:



  1. VeChainThor Ledger application release date – tentatively by August.
  2. VeChainThor Wallet release date— July 9.
  3. X Node Binding Service is scheduled to begin from July 9th until 10 days after the VeChainThor Ledger app is available for migration.
  4. Exchanges are said to provide token swap services to traders starting mid-July.
  5. The mobile wallet token swap service is said to start the same day that the X Node Binding Service ends.
  6. X Node monitoring will resume roughly three weeks after the mobile wallet token swap service is available.

To be able to achieve the needs of the community, VeChain is said to add “wallet observation function” to the VeChainThor Mobile Wallet which will enable users to create their VeChainThor Wallet addresses through other methods [i.e. hardware wallet or desktop wallet]. This observation function is said to allow users to complete X node binding, token swap, and economic node management through the mobile wallet.

Their blog mentions:

“We believe this is the best way to strike a balance between our desired security level and user functionality.”

“Users intending to bind their X Node to their Ledger must wait for Ledger support. When support arrives you will create the VeChainThor address using the Ledger application and not through the VeChainThor mobile application. This Ledger address will also generate and store VTHO. Economic and X Node rewards distribute every Monday.”





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Ranjitha Shastry is a part of AMBCrypto's News Reporting Team. Having done her major in Journalism and mass communication, she is passionate about business and economic journalism.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

Published

on

Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending