Trust Wallet: A wallet to lead mass adoption of cryptocurrencies

in #trustwallet5 years ago

The cryptocurrencies are becoming a hole little by little in the ecosystem of different industries and it has taken more and more importance and attention the issue of choosing the best wallet of cryptomedas that we can provide the market, bearing in mind that there is much variety of where to choose many companies have focused on versatility and a simple interface for consumers having a focus on taking the cryptocurrencies to a new stage of development: mass adoption.

That is why today I would like to introduce a new Dapp that is breaking the market little by little, offering a simple but at the same time very complete interface and also associating with other leading companies in the sector, developing little by little and contributing its grain of sand in the race for the massive adoption of decentralized networks.

Trust Wallet - A simple and effective wallet for your everyday life


Trust Wallet is presented as a new Dapp focused on several services among which highlights the wallet of multiple crypto currencies and tokens of the network Ethereum as well as its decentralized Exchange that allows instantaneous changes between the listed crypto currencies, this wallet has as base currency Ethereum and all the tokens ERC20 that this hosts, the application is available for both Android from version 5.0 as for the iOS system working perfectly in iOS from its update 10.0 which allows the dapp to work in all Apple portable devices to date.

Additionally, the Dapp also has an Open Source application finder as well as other Daaps from different developers that can be downloaded, allowing users to adopt more of this decentralized industry and making it a little more varied. The application also develops its security by storing your Ethereum safely as well as all ERC20 and ERC223 tokens, also taking into account the amount of tokens of this type, the application allows you to save also a HUGE amount of this type of tokens, as well as develop its security for other more recognized crypto currencies such as Bitcoin, Litecoin or Dash.

The Dapp can be found and downloaded completely free of charge from the Android App Store or the Apple App Store in IOS systems, would like to delve a little more into the features of the application and how it benefits users who use it.


Characteristics of the Daap


As I said before Trust Wallet has a handful of tools that users can use to meet different demands, I will expose some below:

  • A simple and secure wallet for Ethereum and other crypto currencies.

  • Audited open source security at banking levels to ensure maximum security for each user's wallet.

  • Free structure of servers in order to ensure the anonymity of users.

  • All private keys are under the control of the user so that he has control over his finances.

  • Possibility to create multiple passwords for each wallet and thus give an extra layer of security to your account.

  • Access your funds, transfer and change crypto currencies anywhere in the world and a few movements from your phone.

  • The Watch function (a function that allows us to monitor our funds placed in cold storage) is a quite significant and innovative addition to the classic mobile wallet.


ProsCons
A platform that stands out for the simplicity it possesses, complementing it with a complete range of crypto coins and a focus on people's everyday life.It does not store Bitcoin and other important crypto coins directly in the wallet but uses algorithms from other companies to maneuver and store them.
You retain complete control of the private keys in all the crypto currencies you catalogueIt has no second factor authentication so it can be affected by hackers if they manage to circumvent security.
Having a totally decentralized Exchange right next to the cryptomoney portfolio makes any change between them quite comfortable and also a greater knowledge of cryptomoney in generalThe stability of Dapp can be affected by certain updates that slow down its use in some devices (Here I could try it with both a LG Stylus and a Samsung Galaxy S8 and presented variations in terms of stability and speed of Dapp).

Daap is well established in the two most important app stores, both Android and Apple have a constant version and updates of Daap.

You can store any token both ERC20 and ERC223 as well as any other token that comes out of the Ethereum network (it can also be used to claim Airdrops.

The Daap can also be used for the purchase of crypto coins with FIAT coin through Coinbase, Shapeshift or Changelly.

In general it is a good App for those who want a simple but complete way to start trading with crypto coins.


How to start working with the Trust Wallet


After approximately three days testing the features that Daap has to offer, I think I have a good feedback to offer starting first with how to install the app from the app store of your convenience. In my case I had to search the Google App Store of Android to install it.

1- The first thing we will do is look for the application in our App store of preference, we just put "Trust Wallet" in the search engine and select the Daap and install it.


2- Once the application is installed we open it and the first thing it asks us is if we want to create a new account or use an existing one (Trust Wallet gives you the option of recovering a lost Wallet through a security method that I will explain later).


3- We go to the option in which we must make a security backup of our wallet just created, for this we will put on the screen a series of words that we will have to keep very carefully, because if our wallet is compromised we will need those words to verify and recover our wallet again.

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4- Once we have verified our set of words we will have successfully opened a new wallet and proceed to our main dashboard.

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In it we will be able to pass from our wallet to the decentralized Exchange to change currencies instantly or to the search engine of other Daaps to download, I could see that both in the search engine and in the Exchange there are constant updates of both the Dapps and the novelties that the Exchange has.

We also have a tab called My Tokens that is based on storing all the ERC20 and ERC223 tokens that the developers sacanal market supported from the Ethereum blockhain. We also have the possibility to participate in the Airdrops made by the developers and be able to store that kind of currency in the Wallet.

The approach that Trust Wallet should give to its Daap in the market

While it is true that the application still has the failure to apply many technicalities that common users and without experience in the crypto currencies can be difficult I think that the mobile platform is very well executed to meet the highest possible demand of users, we have a wallet, an Exchange and a search engine of other Daaps that can begin to flatten the ground for more applications to reach users.

Conclusion

Trust Wallet is presented as a practical solution and with a long term view that also has features that give much scope to what has already been achieved by other applications, also gives an extra service by implementing an Exchange that is very easy to use and also useful for users to begin to become familiar with the operation of this new type of money.

My rating is 4.5 stars

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