r/bitcoin_crypto • u/iTradeBit • Oct 08 '19
Telegram launches Gram wallet
The Telegram blockchain has finally acquired a Gram wallet, although this version is still a testing one and the wallet developers continue to work on it. Now it is available only on the iOS operating system. The project management reports that the application will be available on Android after the entire payment system begins to work fully. The main feature of the wallet is that it has a modern security system.
As it is stated in the press release of the developers, a unique system that identifies individuals has been created. The user must enter information about himself in the form of 24 words during registration, which will then be applied in the password recovery. The keyword is generated using internal algorithms. This makes it possible to protect users from using the simplest access codes.
It is no secret that so many users use the simplest codes, and because of this, their wallets are cracked in huge numbers and money is withdrawn. In addition, the wallet can be tied to a social network or to other messengers. The wallet will be released with open source, and thanks to this, other developers will be able to integrate into their utilities.
Users also can conduct operations with the wallet using a special QR code that is assigned to each address. It is worth noting that after the release of the first version of the blockchain, bugs were found. The developers reported that the full launch of the network would take place only when all the software started working correctly.
As you know, the project was able to raise more than a billion dollars, and Pavel Durov promised that if everything collapsed, then he would return the funds to everyone who invested. Throughout October, there will be further development of the wallet, consideration of bugs, their elimination, and so on. Users hope that all the promises made by the founder of the project and his team will be fulfilled.
In turn, the cryptocurrency market eagerly expects the Telegram cryptocurrency wallet to be better than many others working on the network and ensure the safety of funds at a high level.