DApps Review: Burner Wallet

in stateofthedapps •  7 months ago 

Hey guys. Hope you all are doing good? Here is another State of the DApps review and I will be reiewing Burner Wallet.
Burner wallet is a crypto wallet that runs on the xDai network which means that transactions are completed within seconds.

product_image_burner-wallet_dcca74d9478fdc82bf2cc6a01223a799f5600dad560c065099bcf3d03a403307_opti.jpg

The Burner wallet works in your mobile web browser like Safari so no app download and no seed phrase. It runs on the xDai network so transactions always completed within five seconds, you can do hundreds of them for a penny, and it’s pegged to the dollar so there is low cognitive overhead. The best part is onboarding is as easy as opening your camera.
https://www.stateofthedapps.com/dapps/burner-wallet

Burner wallet works on xDai blockchain and its also a token. xDai blockchain is operates as an Ethereum sidechains which uses a proof known as Proof Of Autonomy consensus. Burner wallet runs on xDai blockchain as earlier stated and
uses xDai by taking advantage of its fast transaction times and the low rate of fees.

GETTING STARTED

1. Firstly, open your web browser and input this web address: https://xdai.io/?utm_source=StateOfTheDApps and a page like the image below will show up and you will be notified by metatask chrome extenson wallet to give access to burner wallet.

burner wallet.PNG

2. Click on connect on metatask notification area a shown in the image below to connect metatask to Burner wallet.
burner wallet 2.PNG

3. After connecting your metatask to burner wallet, a page like this will show up.
burner wallet 3.PNG

With the above steps, you now have a burner wallet. So, each time you want to log in to your burner wallet, just login to https://xdai.io

Components Of Burner Wallet

Burner wallet is a crypto wallet and its composed of the following:
1. Receive option that will show your Ethereum address which can be used to receive funds.
2. Send option which can be used in sending funds to another wallet address and you can do this by inputting the receiver's address and the amount of coin you want to send.

burner wallet 4.PNG

3. Option for exchange and here, you can exchange xDai coin to ETH or ETH to xDai.
burner wallet 5.PNG

4. Option to Request for Funds.
5. Option for inputting links with any funds that is to be transferred.

What I like about Burner wallet is that its easy to use and funds are secured when its been transferred to Metatask wallet. It's easy to exchange ETH coin to xDai coin.
What I dislike about Burner Wallet is that its not secured for a long-term storage and users needs to regularly sweep or transfer their funds into a more secured wallet.

In Conclusion

Burner wallet is a crypto wallet that runs on the xDai network which means that transactions are completed within seconds. Burner wallet works on xDai blockchain and its also a token. xDai blockchain is operates as an Ethereum sidechains which uses a proof known as Proof Of Autonomy consensus. Burner wallet runs on xDai blockchain as earlier stated and uses xDai by taking advantage of its fast transaction times and the low rate of fees.

Ratings: 4/5

Thanks for reading.

Follow, Up-vote and Resteem @dammyone

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hello! I find your post valuable for the wafrica community! Thanks for the great post! We encourage and support quality contents and projects from the West African region.
Do you have a suggestion, concern or want to appear as a guest author on WAfrica, join our discord server and discuss with a member of our curation team.
Don't forget to join us every Sunday by 20:30GMT for our Sunday WAFRO party on our discord channel. Thank you.