Parity Singer App v2.0 Launches, Converts Smartphones to Crypto Hardware Wallets
Parity Singer App v2.0 Launched To Convert Smartphones to Crypto Hardware Wallets
The development within crypto token storage platforms picked up greatly after the strong bullish market towards the end of 2017. This is because crypto awareness & the FOMO increased necessitating the need for safe cryptocurrency storage.
Parity Technologies, one of the developing players in this arena recently released a launch of v2.0 of its ‘Singer app’ product. The new technology allows users to leverage their smartphones to act as the digital currency hardware wallets. Given the widespread adoption of smartphones, the move is likely to capture a significant target market.
This project was announced on Parity’s twitter handle where they linked a detail to its features;
“Wouldn’t it be cool if there was an app that could turn your old phone into a hardware wallet?” – Parity Signer v2.0 Beta is now live on iOS App Store and Google Play Store”
Parity Singer’s new advanced features will allow its users to manage their digital tokens within a safe ecosystem wile offline. Basically, the participants will use their private keys to keep the tokens they own safe. As of press date, this milestone by Parity Tech is compatible with a couple of coins having Ethereum & Ethereum classic as the most notable.
The new Parity release comes as a relief to a good number of crypto holders & the future of storing altcoins. Its network’s admirable features include a security notification that is always on for tracking of a user’s crypto wallet status. This alerts the participants whether the ecosystem is secure for cryptocurrency transactions hence avoiding the rampant hacking of digital platforms. Furthermore, Parity has collaborated with MyCrypto & has a long-term goal of making it compatible with more blockchain networks. According to Parity’s team;
Parity Technologies is building the first implementation of Polkadot, the interoperability platform of public/private app-specific blockchains, and we plan on releasing an update to Parity Signer to include support for the Versioned Base-58 + Blake2b checksum address format that Polkadot uses.