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VeChainThor’s mobile wallet update released with enhanced security features – v1.1.0

Anvita M V

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VeChainThor's mobile wallet update released with enhanced security features - v1.1.0
Source: Unsplash

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.

VeChain announces the launch of VeChainThor mobile wallet v1.1.0 update | Source: Twitter

Tweet by VeChain Foundation | Source: Twitter

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:

“Great news!”

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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Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.

Altcoins

Binance coin pumps by over 6% in an hour; breaks its all-time high

Namrata Shukla

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Source: Pixabay

On June 20, Binance coin [BNB], a coin ranked seventh on CoinMarketCap, surged by a massive 6.38% over the past hour. The coin also broke its all-time high and was trading at $36.47, at press time.

Source: Trading view

Source: Trading view

At press time, BNB was being traded at $36.47 with a market cap of $5.097 billion. The 24-hour trading volume of the coin was reported to be $571.64 million, as it spiked by 2.35% over the day. Over the past seven days, the coin noted a rise of 2.03% in its price and continued to rise by 6.38% within the hour.

This hike follows Singapore-based cryptocurrency exchange, KuCoin, listing Binance coin [BNB] and Binance announcing the launch of Elrond project on Binance launchpad. Binance funded the sharding-based public blockchain network in a private funding round, as the company closed the round with $1.9 million. It will be the next project supported by Binance launchpad and the token sale will be carried out in a lottery fashion. The token sale is scheduled to begin from June 22, 00:00 AM [UTC].

The coin was highly traded on Binance exchange with BNB/USDT pair and BNB/BTC pair. BNB/USDT took the first place as it noted a 24-hour trading volume of $137 million, followed by BNB/BTC which reported a volume of $126 million. The third position was taken by LBank exchange, which registered a trading volume of $120 million with BNB/USDT pair.





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