Parity Ethereum Software Client Removes Wallet in New 2.0 Upgrade

Parity, one of the world’s most popular Ethereum software clients, just announced major changes in its latest upgrade. One of the most significant changes is the stripping away of the GUI, which effectively means Parity’s wallet no longer exists.

Parity’s wallet – its repository of private keys – is no longer available in the platform’s latest software upgrade – assuming you’re a non-technical user accustomed to managing your wallet through the graphical user interface (GUI). More tech-oriented users can continue to use the wallet through the command line interface, if desired.

The upgrade also removes all “installers and operating-system specific packages” from Parity.

All of these changes are part of the Parity 2.0 client upgrade. The developers are positioning the client as “expert software for production use and shouldn’t be considered end-user software or an ‘Ethereum Wallet’.”

In other words, Parity wants to be known as more than just an Ethereum wallet. It aims to be a platform for serious Ethereum developers and more tech-oriented users – including exchanges and miners.

In a blog post announcing the changes to its client, Parity explained:

“We reflect these strategic changes by completely removing the graphical user interface, the so-called ‘Parity Wallet,' from the client. Furthermore, we have removed all installers and operating-system specific packages. In this way, we see Parity Ethereum as a piece of core infrastructure, to be bundled into end-user software packages such as graphical wallets or to be used as a library in mobile apps.”

This is a sharp change from where Parity was one year ago. Last year – almost to the day – it was revealed that a vulnerability in the Parity client had led to the loss of nearly $30 million in Ether. The flaw was later revealed to be related to a multi-signature contract.

Then, later in the year, in November, a more serious flaw resulted in the freezing of more than 500,000 ETH, worth about $250 million at the time. That flaw was linked to the deletion of a code library supporting Parity’s multi-signature wallet.

Parity hasn’t suffered any major public disasters since those two incidents.

It’s important to note that with the latest upgrade, Parity users can continue using their wallets as normal. You don’t have to upgrade to Parity 2.0 if you don’t want to. However, the startup behind Parity is cautioning that it will “only minimally maintain” the GUI Parity wallet available on Github.

Fortunately, there are plenty of other Ethereum wallets available today, and Parity was always the favored wallet among exchanges and high-end users. You can read the full post explaining the changes here.

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