On 1st August, VeChain foundation announced that an update [version v1.1.0] for VeChainThor mobile wallet will be available for download from today.
The VeChainThor mobile wallet went live on July 9th. It was launched with the intent to adopt a “go mobile strategy” and acts as a portal on the VeChain blockchain for all kinds of decentralized apps on the network. The wallet is available for both iOS and Android devices.
After receiving feedback from the users, VeChain foundation has come up with the next version of VeChainThor mobile wallet to eliminate bugs, optimize user experience and add an additional feature which is the enhanced observe wallet function.
Since security is the primary concern of the VeChainThor Wallet, its current update mainly focuses on enhanced user security.
The observe wallet is built for users who would like to create and store their VeChainThor address and private key offline. With this new feature, users will be able to view their address balance, node status, and VTHO rewards on the mobile wallet. Also, users can store their private keys on the Cold Wallet [a hardware device that is completely disconnected from the internet, with the mobile wallet installed] for enhanced security.
The function has a simple authorization check to see whether the address requested is actually owned by the user. When the user initiates the authorization process in the Hot Wallet [hardware device that is connected to the internet, with the mobile wallet installed ] he/she would be prompted with a unique 6 digit code after which an authorized signature can be created by signing the authentication code with the private key. The requested information can then be viewed by scanning the authorized signature on the Hot Wallet.
Mr. Ruslans Tarasovs a Twitter user commented:
Seanpv, another Twitterati says:
“When will this be available on the playstore? We have to allow apps outside of the app store to update it currently and I don’t want to do that with an X-node at stake”
Crypto_Dan, a blockchain enthusiast says:
“Wish there was a reinvest function. So we could reinvest VTHO into VET without an exchange.”
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