Blockchain.com Bitcoin Wallet Adds Ethereum Support – ETH Storage?
The company named Blockchain, found online at Blockchain.com, maintains the world’s most popular bitcoin wallet. Starting today, that wallet now lets users create Ethereum wallets and hold ETH in their accounts.
Blockchain is an online wallet that lets you manage bitcoins over the internet or a mobile app. With Blockchain, you hold your own private keys – similar to other software-based wallets. These wallets are preferable to exchange-based wallets because you hold your own private keys, and they’re perceived to be more difficult to hack.
Blockchain also lets users back up their wallet to Blockchain’s servers while retaining keys to their wallet. In addition, Blockchain cannot see your balance or your transactions.
Blockchain has seen particularly strong growth over the past few months. The company claims to have 14 million Blockchain wallets, and recently raised a $40 million round of financing.
This past week, Blockchain added Ethereum wallet creation to its platform. The wallets look and function just like bitcoin wallets. You can create your Ethereum wallet online or through the mobile app while retaining control of your private keys.
To bring Ethereum wallet functionality to its platform, Blockchain has partnered with ShapeShift. Using Shapeshift, Blockchain users can transfer money between bitcoin and ethers and vice versa in a seamless way.
The fact that Blockchain has added Ethereum support is a big deal. It shows that two large cap cryptocurrencies can simultaneously exist in the community. Obviously, Ethereum has been a challenger to bitcoin for several months now – and Blockchain’s recent support will solidify that position even further.