GreenAddress Ditches Chrome-Based Wallet for Desktop App

GreenAddress recently surprised most of its users and fans by issuing an advisory against its Chrome Application. Instead, the highly regarded Bitcoin wallet told users to access the platform exclusively from the mobile and desktop apps. Besides, GreenAddress also announced the addition of new functionalities to the digital wallet.

From now henceforth, all subsequent versions of the wallet will be based on GreenAddress’s native frameworks. The new desktop application is the first iteration of the wallet to fool this direction, having been built on libwally, a GreenAddress wallet library. Moreover, the desktop app is fully compatible with third-party hardware wallets such as Trezor One and Ledger Nano S. Even better, the development team is working on adding more wallets in the coming days.

Despite the public disapproval of the wallet based on the Chrome browser, it will still be usable for a substantial period. However, subscribers to this platform should not expect upgrades in the future. Furthermore, it is expected that GreenAddress will eventually remove the application.

It is difficult to tell the new desktop apart from its predecessor, the Chrome web app, at least from a first glance. Nonetheless, the newer version has more features, as mentioned above. Some of the notable functionalities added to the platform include:

Two Factor Authentication Recovery

After an extended period of planning and development, GreenAddress has finally deployed its long-term two-factor authentication procedure into its digital wallet. The procedure enables users who have lost the logins to their wallets to regain access to their accounts, thus giving them access to their money.

As expected, this functionality will be accessible on both desktop and android versions of the GreenAddress wallet. In line with these developments, the GreenAddress team has since updated its terms and conditions to conform to the upcoming CSV (CHECKSEQUENCEVERIFY) changes and details of the two-factor recovery.

The objective of CSV is to:

  • Make the processing of recovery trustless and entirely atomic
  • Remove the necessity of nLock Time files
  • Eliminate the compulsion for an email address for nLock Time notifications
  • Make all newly created wallet addresses automatically recoverable
  • Minimize trust requisites in GreenAddress
  • Reducing amount of trust users must have in GreenAddress.

Regarding the addition of CSV, the GreenAddress development team stated that they intend to leverage the feature, which is exclusive to the Bitcoin network, to increase the rates of account recoverability. The team pledged to integrate CSV in future releases of the GreenAddress. Moreover, they added that they will continue to update their users of the progress of this incentive.

Updates And Bug Fixes

Similar to most software updates, the GreenAddress upgrade also fixes bugs that have reported in previous versions. These include:

  • Support for sending to native SegWit addresses (bech32)
  • New two-factor recovery procedure
  • Improvements and fixes regarding BIP 70
  • Users can access system messages upon startup
  • Support for hardware wallets

Android users will be privy to platform-specific updates such as:

  • Compatibility with the most recent Android SDK
  • UI and notifications updates for Android 8 (Oreo)
  • Discontinued support for devices with Android 4.4 (kitkat) or lower
  • Upgrade SPV checkpoints
  • Improved recovery and trustlessness
  • Removed support for dead Android platforms

New Native iOS App And GreenAddress Development Kit

GreenAddress will publish a new native iOS with a brand new and aesthetic user interface based on the GreenAddress Development Kit (GDK). GDK is built on libwally and gives elevated access to programmers who want to tweak the wallet’s source code.

In conclusion, the GreenAddress team strongly advised users who are currently using the old methods to activate the new two-factor authentication recovery procedure. Additionally, the team revealed that it is working on ways to further better the user experience.

[FREE] Get Our Best Crypto Trading, Mining & Investing Hacks:

*Action Required* Enter Your Email To Get Insight For Trending Coin News & Reviews

I will never give away, trade or sell your email address. You can unsubscribe at any time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

seven + 6 =