Connect with us

Blockchain

9 of the best open-source Bitcoin & cryptocurrency wallets (2020)

Avatar

Published

on

Some of our posts may have affiliate links including this one. That means if you make a purchase I may get a commission (at no extra cost for you). To find out more about it read our Disclosure page

Are you looking for a secure and trustworthy cryptocurrency wallet? Then you should look into using an open-source cryptocurrency wallet.

Something that is considered important amongst every person is having trust with the brands, products and services that you use in life.

And one way that a product could provide its users with trust is by being open and transparent.

Transparency and openness are also key aspects of blockchain technology and cryptocurrencies. Bitcoin and other blockchains like Ethereum are open-source initiatives (Bitcoin under MIT license and Ethereum under GPL license).

This means others can access the source code for them. They can create their own versions from the code and create new Ethereum/Bitcoin forks.

Open-source softwares is in some ways perfectly aligned with this space, therefore there is also a much greater interest in products and services that operate in this space to also be open-source.

And one thing I have in mind specifically are open-source cryptocurrency wallets.

With cryptocurrency wallets we store and integrate with our cryptocurrencies, and in good faith that this software and application is reliable and safe to use.

And what better way to prove that than by making your wallet application and software fully open source. So that others can inspect and audit the code at any time.

If you value openness, transparency and decentralisation and if you own cryptocurrencies like BTC, ETH, LTC, etc then I wanted to make you aware of these 9 good cryptocurrency wallets that are open source.

9 best open source crypto wallets list

1 ) Copay

Copay open-source Bitcoin wallet

Copay wallet is a simple cryptocurrency wallet created for the sole purpose of sending and receiving Bitcoins, Bitcoin Cash originally, but now with added cryptocurrencies supported.

It is developed by the company Bitpay, an early adopter and promoter of Bitcoin and technology company that provide merchants with payment processing services for BTC and BCH.

Copay is a light wallet, and it uses uses Bitcore Wallet Service (BWS) for peer synchronisation and network interfacing.

Copay is open-source, licensed under the MIT license. It is available for download to desktop or mobile devices.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, USDC, PAX, GUSD, BUSD

Get started with Copay here:  iOSAndroidWindows PhoneChrome AppLinuxWindows and OS X devices

2 ) Bitpay

Bitpay wallet

Another open-source crypto wallet and one that is also developed by the same company as the Copay wallet is Bitpay wallet.

This is a more modern and feature-rich wallet created by the same company. It is not mean to compete with Copay, but be an alternative (learn more about Copay vs Bitpay here).

It should interest people that wants to use the same wallet application for more cryptocurrencies, and wants other features such as:

  • Spend their Bitcoins and cryptocurrencies at shops
  • Option to buy more cryptocurrencies within the app

But also to use a open-source wallet, with its software open for audits and checks.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, USDC, PAX, GUSD, BUSD

Get started with Bitpay here: For iOS and Android

3 ) Edge wallet

Edge wallet an open source mobile cryptocurrency wallet

This is a modern mobile wallet that also is open source.

Edge wallet, or formerly Airbitz is a multi-currency wallet with added features like in-app cryptocurrency purchases with fiat currencies, portfolio tracking and cryptocurrency exchange.

It is also released under the MIT license.

With Edge wallet you can use it with Bitcoin, Ether and other popular cryptocurrencies such as; Monero, XRP, Dash, Litecoin, EOS, Tezos and more.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, Monero, XRP, Dash, Litecoin, EOS, Tezos

Get started with Edge wallet here: For iOS and Android

4 ) BRD wallet

BRD wallet a multi-currency mobile wallet

Another popular and modern Bitcoin and cryptocurrency wallet is BRD wallet.

With a clear vision of how this crypto and blockchain space will make a positive impact, the BRD team have focused on creating a wallet that is perfectly aligned with the core message.

Open source, decentralisation and the future of money. This venture-backed company have created one good-looking and easy-to-use wallet. It supports

BRD wallet comes with excellent reviews in both Appstore and Google Play. It has support for Bitcoin, Bitcoin Cash, Ethereum, XRP, LINK, DAI, BAT and many more coins and tokens.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, LINK, DAI, BAT, Bancor, OMG, PAX and 30+

Get started with BRD wallet here: For iOS and Android

5 ) MyEtherWallet (MEW)

MyEthereWallet or MEW one of the most popular web based wallets for Ethereum and Ethereum tokens

One of the most popular online wallets for Ethereum, and Ethereum-tokens is MyEtherWallet, or MEW.

This free and open-source Ethereum wallet is extremely popular and very easy to use.

It comes with support for popular hardware wallets like Trezor and Ledger, and third-party applications such as MetaMask.

Which cryptocurrencies does it support: Ethereum and Ethereum tokens

Get started with MEW wallet here: Go to www.myetherwallet.com (check that it’s the correct address and it’s using SSL certificate (https)

6 ) MyCrypto

MyCrypto a free open source wallet for Ethereum and Ethereum tokens

A MEW lookalike and option is MyCrypto wallet.

If you think they look and feel similar then it’s because of good reasons. MyCrypto was created by one of the founders to MyEtherWallet, namely Taylor Monahan.

And MyCrypto is essentially a fork from MEW. Possible because of the fact that both are open-source applications.

MEW is the original and probably still the most popular option today. It became widely used during the height of the ICO period back in 2017.

When lots of new Ethereum-based tokens launched as crypto startups. And attracted many new investors.

Which cryptocurrencies does it support: Ethereum and Ethereum tokens

Get started with MEW wallet here: Go to www.mycrypto.com (check that it’s the correct address and it’s using SSL certificate (https)

7 ) GreenAddress / Green wallet

GreenAddress / Green wallet by Blockstream Green

This is an open source Bitcoin wallet.

It is available for macOS, Windows, Linux, iOS and Android.

GreenAddress the old school Bitcoin wallet was in 2016 acquired by Blockstream Green. And it has since seen some major upgrades in its UX and UI.

And it is now a highly modern but still open-source wallet for Bitcoin.

Which cryptocurrencies does it support: Bitcoin

Get started with Green wallet here: Download it for iOS, Android, Linux, macOS and Windows here

8 ) Blue wallet

Blue wallet for Bitcoin

And lastly, I wanted to mention Blue wallet. It’s a Bitcoin wallet with support for the lightning network.

With Blue wallet you can therefore run hosted lightning network wallets and make use of this new Bitcoin innovation, for faster and cheaper transactions.

Like Bitcoin itself, Blue Wallet is fully open source and licensed under MIT. It was created during the BTC and crypto haze in 2017.

And it has since become a very popular mobile wallet for BTC.

It also can be used with hardware wallets that supports PSBT (Partially Signed Bitcoin Transactions).

Which cryptocurrencies does it support: Bitcoin

Get started with Blue wallet here: Download it for iOS and Android

9 ) Natrium

Natrium an open-source wallet for Nano

This is an open-source cryptocurrency wallet for popular Nano.

This lightning-fast cryptocurrency has a strong community following, and Natrium seems to be a well-liked wallet app with high ratings in both Appstore and Google Play.

Natrium is released under the MIT license, and you can inspect the code here on GitHub.

It is an all-Nano cryptocurrency wallet. It looks modern and nice, and it got most of the features you need from a modern cryptocurrency wallet.

But being lightweight and fast it’s focused more on the necessities from a crypto wallet, i.e. sending and receiving rather than purchasing and trading.

Which cryptocurrencies does it support: Nano

Get started with Blue wallet here: Download it for iOS and Android

Conclusion

Which open-source cryptocurrency wallet should you go for?

Well, it depends on if you own more than Bitcoin today? Then you should look into one the multi-currency wallets.

If not, then either of the BTC-only wallets might appeal to you more?

What all these cryptocurrency wallets have in common is that they are all open-source crypto wallets. Some have support for multiple cryptocurrencies.

Others are Ethereum or Bitcoin-only wallets.

They are all very popular and used by millions of crypto investors around the world, so with that in mind I would myself trust all of them. But as always do your best to research and evaluate the wallets yourself.

Otherwise I hope this guide to the best crypto and Bitcoin open source wallets was useful.

If you think there’s another wallet that deserves to be on this list then let me know in the comment section below.

Find other guides

  1. Best Litecoin wallets
  2. Best Ripple wallets
  3. Best Stellar Lumens wallets
  4. Best Bitcoin wallets
  5. Best Neo wallets

Source: https://gocryptowise.com/blog/best-open-source-cryptocurrency-wallets/

Blockchain

Canaan Sees Over 75% Decline in Net Revenue in Q3 as Bitcoin’s Price Surge

Avatar

Published

on

Chinese Bitcoin mining firm Canaan has recorded a loss in yet another quarter but is showing positive signs of a recovery as share price and market capitalization spikes. Following a disappointing initial public offering (IPO) last year and declining inventory sales, the company has seen the balance of power shift considerably to major competitors MicroBT and Bitmain.

$12.7 Million Loss for Q3 2020

Bitcoin miner maker Canaan has reported a 75.7% year-on-year (YOY) decline in net revenue as part of its Q3 2020 financials published on Nov. 30. In the report, Canaan revealed that its net revenue for the period was $24 million, which also amounts to an 8.5% reduction from the earnings recorded in the previous quarter.

Following the significant drop in quarter-on-quarter (QOQ) net revenue, it is unsurprising to see Canaan post another quarterly net loss in 2020. According to its Q3 2020 financials, the bitcoin mining chip maker recorded a net loss of $12.7 million, compared to a $2.5 million loss in Q2 2020 and $14.3 million in Q3 2019.

Commenting on the firm’s Q3 financial performance, Nangeng Zhang, Canaan’s CEO and Chairman said:

“During the third quarter of 2020, we remained undeterred by the pandemic to strengthen our research and development capabilities, expand our AI business, and execute new business initiatives. By leveraging our enhanced R&D capabilities in the third quarter, we launched our A1246 product series, which continues to lead the industry with its energy efficiency, computing power, and unit cost.”

Canaan Market Cap on the Rise

Net loss aside, Canaan has been recording some positives in the latter part of 2020. Indeed, the company’s market capitalization has more than tripled from $300 million in September to about $900.8 million as of press time.

Canaan’s share price has also been on a tear in recent months, rising over 200% within the same period. With one-third of Q4 remaining, the company’s stock has risen over 170%. Maintaining the current price action could see the Bitcoin miner manufacturer’s stock price challenge its IPO float price of $9, which incidentally is its all-time high share price.

Tweeting on Canaan’s Q3 performance, @WuBlockchain identified rising inventory sales and the release of the company’s A1246 miners are contributing factors to the firm’s recent resurgence.

Canaan was also among a group of Chinese mining hopefuls looking to float IPOs in the last couple of years. However, Canaan’s offerings fell short of the mark, failing to even realize a quarter of the $400 million estimate.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/canaan-sees-over-75-decline-in-net-revenue-in-q3-as-bitcoins-price-surge/

Continue Reading

Blockchain

Ethereum Prices Return to $620 Resistance on ETH 2.0 Launch Day

Avatar

Published

on

Today marks the long-awaited genesis of Phase 0 in the Ethereum 2.0 upgrade roadmap which stretches ahead for the next couple of years. According to the Beacon Chain countdown, there is now less than seven hours to go before the genesis event spawns the first block on the new chain.

The Beacon Chain explorer reports that there is currently 872,000 ETH staked which equates to approximately $525,000 at today’s prices.

No Native Scaling For a Year

The excitement over the launch is palpable but many are still unaware that the new blockchain will not actually function as anything other than providing staking rewards to validators. All of the smart contracts, dApps, and transactions will continue as usual on the original ETH 1.0 chain.

Researchers at Messari Crypto pointed out;

“When the Beacon Chain launches tomorrow, outside of bootstrapping a network of proof of stake validators, it will have little functionality.”

This also means that there will still be issues with high gas prices when the existing network comes under heavy load which is bound to happen over the next year if DeFi momentum continues and the space evolves even more.

Phase 1 will introduce scaling through sharding, which will introduce 64 parallel side chains to take the load off the main chain and increase throughput. This is unlikely to occur for at least another year from today, and even then ETH 1.0 and 2.0 will operate independently until Phase 1.5 merges them together sometime in 2022.

Either way, the Ethereum community is hyped up over the event which is the culmination of five years of research and development for the world’s largest smart contract and decentralized application network. In his latest Bankless newsletter, David Hoffman aptly said;

“We were born too late to explore the globe, too early to explore the galaxy, but we were born at the perfect moment to explore the infinite whitespace of Ethereum 2.0.”

Ethereum Prices at Resistance

Ethereum prices have returned to their June 2018 price high of $620 just hours before the launch. This level appears to have formed a double top and heavy resistance zone as it did in early 2018. A next leg up could take prices to $800 where further resistance lies, but on the downside, support can be found at around $520.

At the time of press, ETH prices had retreated a little to trade at $605 but the momentum and potential is still with it.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Source: https://cryptopotato.com/ethereum-prices-return-to-620-resistance-on-eth-2-0-launch-day/

Continue Reading

Blockchain

Litecoin short-term Price Analysis: 01 December

Avatar

Published

on

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice

The Litecoin market has been witnessing a resurgence on the back of Bitcoin’s recovery. The price of the asset has been close to $89.24 and has been consolidating between $90.83 and $85.26.

The current market has been inching closer to the selling pressure and an opportune time for a short position.

Litecoin 1-hour chart

Source: LTC/USD on TreadingView

According to the above chart, we can see the price rising along with an ascending channel. However, since the price surpassed $85, it has been consolidating. The current price is at a resistance point, but since the buying of the asset has gained enough momentum, there could be a drop making its way in the market.

Reasoning

The consolidation of LTC’s price is visible in the chart. Even though there has been constant bullish pressure in the market, there has been a strong buy-sentiment in the market.

The Relative Strength Index indicated this overbuying of the asset. The RSI signal had been in the overbought zone for a long time but recently sunk in the equilibrium zone. The current value of RSI was 64 and it has been moving between 64 and 70, which is still closer to the overbought zone. There are more chances due to this that price will have to adjust closer to the equilibrium level wherein the selling pressure and the buying pressure will be equal.

Positions

Entry for a short position: $89
Take Profit: $85.26
Stop Loss: $90.87
Risk/Reward Ratio: 1.99

Conclusion

Since the digital asset has been overbought at pres time, there could be selling pressure entering the market. The support has been developed at $85 and $80 if the price slips down the ladder, however, the overall trend has been bullish, at press time.

Source: https://eng.ambcrypto.com/litecoin-short-term-price-analysis-01-december

Continue Reading
Blockchain4 days ago

South Korean crypto market records more trades in Altcoins

Blockchain5 days ago

Wrapped- DGLD brings Swiss vault held Gold to Ethereum

Blockchain3 days ago

Latin American Bitcoin & Blockchain Conference Reveals Latest Speakers

Blockchain2 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain5 days ago

Libra Hired New Payments Subsidiary General Counsel: Report

Blockchain2 days ago

EOS Finds Support above $2.80, Resumes Upside Momentum

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Bitcoin Price Prediction: BTC/USD Resumes Upside Momentum, Struggles to Break Above $18,000 Price Level

Blockchain2 days ago

ECB Lays out ‘Reinvention of Money’ Strategy

Blockchain2 days ago

Litecoin Price Prediction: LTC/USD Ready to Revisit $80; Further Upside is Limited

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain2 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain2 days ago

Ripple price prediction: XRP to hit $0.67 next, analyst

Blockchain2 days ago

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Blockchain4 days ago

Bitcoin Worth $3B from PlusToken Ponzi Scam Seized by Chinese Authorities

Blockchain4 days ago

Digital Euro: German finance minister urges ECB to accelerate its CBDC development

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain2 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain2 days ago

Bitcoin Price Prediction: BTC/USD Back Above $17,500 Level as the King Coin Recovers

Blockchain2 days ago

Guggenheim opens door to bitcoin exposure for $5 billion macro fund via Grayscale GBTC product

Blockchain2 days ago

Guggenheim Partners may be the next big player to bet on Bitcoin

Blockchain2 days ago

Ethereum Strengthens Polish City’s Emergency Services

Blockchain2 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain2 days ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain2 days ago

Guggenheim Partners prepares to dip investment fund’s toes into Bitcoin

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain2 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain2 days ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain5 days ago

Yes, You Can Spend Your Bitcoin This Black Friday

Blockchain4 days ago

Yearn. Finance Price Analysis: Spike in Buying Pressure Could See YFI Prices Soar To $25k

Blockchain2 days ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Coinbase unwilling to participate in Spark’s airdrop

Blockchain2 days ago

Bitcoin Climbs 5%, Why $18.2K Holds The Key For More Upsides

Blockchain5 days ago

$100M Liquidated From Compound Following Flash Loan Exploit

Trending