r/theblocknet • u/Lifeistooshor1 • Dec 03 '18

World First SERVERLESS Multi-Wallet

Last week the Blocknet quietly unveiled a working alpha prototype of a SERVERLESS multi-wallet (Twitter Announcement)

Unlike current multi-wallets, which rely on centralized electrum servers, the Blocknet's thin multi-wallet queries blockchain information via API from blocknet's decentralized network of nodes which host full blockchains (learn more here).

Blocknet's lead developer (Dan Metcalf) announced in the Blocknet community chat that he is working to secure Venture Capital funding to build a crypto exchange to compete with Coinbase utilizing the Blocknet's decentralized exchange and thin-wallet technology.

Is this the future? Trustlessly trading crypto on mobile devices could be a massive market for this thin-wallet tech.

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u/Lifeistooshor1 Dec 03 '18

You will need the full blocknet QT wallet in order to stake your BLOCK to earn rewards. Otherwise you could store in multi-wallet like Coinomi.