Neutrino Wallet (Beta) with Network-Level Privacy for Bitcoin Cash Announced by Bchd Team

    As many of our regular readers may already know, Neutrino is a lightweight altcoin storage protocol that comes loaded with a host of privacy oriented features that make it quite unique when compared to some of its contemporaries. In this regard, it is worth noting that the dev team over at Bchd has just announced their decision to bring over the wallet into the BCH ecosystem (albeit in its Beta version).

    More On The Matter

    The Bchd team recently introduced a “full node Bitcoin Cash client” written in Go. Now, by porting the Neutrino wallet into Bitcoin Cash’s codebase, users of the premier alt-currency will have streamlined access to the experimental wallet (which as mentioned before, lays a whole lot of emphasis on strong network-level privacy).

    Talking about their decision to incorporate Neutrino into the BCH ecosystem, the dev team was noted as saying:

    “Prior to neutrino there was not a single lightweight wallet available on the market that does not disclose all the addresses in your wallet and your entire transaction history to a third party,”

    Lastly, it is also worth mentioning that Neutrino utilizes a “client side filtering” approach, which allows wallets to “avoid disclosing the addresses they contain” to the other peer nodes that they might be connected to.

    Final Take

    In closing out this article, it is worth mentioning that owing to the various security-enhancing process utilized by the neutrino wallet, devices making use of the service need to download more data than they would for other lightweight clients. However, this should not be a problem for most smartphone users since all of the data that needs to be downloaded can be done so within a short span of around 10 minutes.

    Also, in its current iteration, Neutrino is a “command-line only software”, which essentially means that individuals making use of the platform need to have some sort of technical knowledge before making use of the it. However, the wallet’s core dev team is currently on the lookout for designers who can create an accessible interface for Neutrino (both on mobile devices and desktops).

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    Shiraz J
    Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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