In this unpredictable world of uncertainties, anything can hit you. The recent example of the uncertainty that we have faced is a pandemic situation. It hit us like a storm. Everything was still and frozen. But, it also resulted in curiosity about the crypto sphere. When all the financial sectors dommed, every cloud has a silver lining, and the crypto world was that silver lining for the world.
Now and then, a new phenomenon was witnessed; a unique lucrative opportunity was outgrown, which attracted many crypto enthusiasts. With all the newness-one preferred option is decentralized crypto wallet app development.
Now, you might be wondering, why an app? Because with an app, they were able to do all the longing actions at their fingertips on the mobile phone. And the bitter-sweet truth is that, no matter what you do in the crypto world, crypto exchange, crypto point-of-sale system, or a crypto payment remittance platform, you need a crypto wallet with all the necessary features and functionalities.
Cryptocurrency Exchange Script is a leading company in the decentralized wallet development company. We take care of our customers at the highest level and help them to lead the crowd.
What Are Decentralized Wallets?
First thing first. It is not the kind of leather wallet that you think. We can draw a similarity between our understanding, but it is not like the physical Wallet we use to store our belongings. It is software where you have complete access to your coins, of course, with the private keys.
The holder of the keys can utilize the keys to send and receive the cryptocurrency across the global boundaries. It is not anonymous, and it is pseudonymous.
Functioning Of Decentralized Wallets App
A decentralized wallet works based on two keys- a public key and a private key.
- When public keys are used as the wallet address, you can share them with other people. When someone sends you money, they can use their public keys. On the other hand, you will use private keys to unlock the crypto wallet and gain access to funds.
- You need to be careful with your public key when you share it with other people. You mustn’t share your private key with anyone, or you will be transferring the ownership.
Security Of Your Decentralized Wallet Apps
We have integrated substantial security features into our decentralized app development process. Moreover, we would like to advise you not to store all your crypto coins in one Wallet.
Some of the essential features and functionalities that we have integrated into our decentralized wallet development are:
- 12-word mnemonic passphrase
- Biometric authentication
- Multi-signature support
- Two-factor authentication
- Password-protected access
- Optimal session out
There is a long list, but these are the few important ones that you cannot do without. The encryption on a decentralized crypto wallet is impregnable. There is no way that a thief can find and destroy a private key with such humongous features.
Examples Of A Decentralized Wallet App That We Are Developing
MetaMask Like Wallet App
A MetaMask like wallet app is an open-source Ethereum wallet that supports all Ethereum-based tokens, including ERC-20 standard or non-fungible. MetaMask has spellbound everyone in the industry with its interface capability with websites. One need not go through the laborious work of copy-paste payment addresses or scan a QR code on a separate device. The MetaMask extension website pings your Wallet, and you can accept or reject the transactions. It can also serve as a regular crypto wallet, but its herculean strength lies in smart contracts and decentralized applications.
Trust Wallet Like Wallet App
Wallet Like Trust Wallet is one such Wallet that can be used through mobile phones. Yes! You have read it right. You can now send, receive, and store multiple cryptocurrencies through Trust Wallet. It is constructed to be supported as an open-source wallet with ease of setup and use. A unique and innovative partnership between the Kyber network and Web3 browser has enabled the users to interact with decentralized applications from the Trust Wallet.
Unlimited Cryptos & Tokens Supported By Our Decentralized Wallet Apps
Our decentralized wallets support various cryptos and tokens. Some of them are listed below:
- Binance Coin (BNB)
- TRON (TRX)
- Cosmos (ATOM)
- Tezos (XTZ)
- Bitcoin Cash (BCH)
- Dogecoin (DOGE)
- Nano (NANO)
- Aion (AION)
- VeChain (VEN)
- Stellar (XLM)
- Ethereum (ETH) and all ERC20 and ERC223 tokens
Why Cryptocurrency Exchange Script For Decentralized Wallet App Development?
Cryptocurrency Exchange Script services have mastery in developing Wallet like app clones with added features to make your crypto wallet more compatible in the competitive ecosystem. We never forget to integrate advanced login mechanisms that can facilitate smooth and flawless working usage.