SatoshiPay Bitcoin and Crypto Payment Company Announces Solar, a Multi-Sig Stellar (XLM) Wallet


The SatoshiPay, a crypto coin, and bitcoin payment company has just gone ahead to announce their new launch of Solar. It has been established as a multi-signature wallet that can be used for the Stellar (XLM), one that will be able to bring the enterprise-grade security and the different features of the Stellar network.

The wallet has been designed with an open source to ensure that there is full transparency that is experienced on the system, not forgetting it has been built on a modern platform together with a web-based tech stack just to ensure that the system is stable enough, scalable and fast.

The company has also gone a step ahead to ensure that there is instant and stable communication taking place between the Stellar network and Solar from any location around the globe; thus, the wallet will be connected to the Satoshipay’s distributed cluster for the Stellar full nodes that they globally launched.

The team in the SatoshiPay mainly focused on getting the best user experience they are able to offer right from the start; they went ahead to state that the integration that takes places with a cryptocurrency system should be made as comfortable as possible. It should feel as easy as it is when you are using your online banking app. Thus, they went ahead and focused on the snappy responses and the ease that would get the system there.

The Solar System Has A Lot To Offer Its Users

It has been designed with some advantageous features, which includes the asset management, where you will only need to have one click, and you have quickly added one of the most popular assets in the market, this is the likes of Stronghold’s USD or EURT or even the RippleFox’s CNY. The system has also been password protected together with encrypted key storage and the multi-signature accounts to ensure that your funds have been kept safe.

With all these features in place can be a little surprising since this is just the beginning of the SatoshiPay as they are planning on having more significant updates taking place in the next few months.

The Roadmap For Solar System And What To Look Forward To

  •  They are planning on having a mobile version for use in iOS and Android.
  •  They will be supporting a decentralized exchange, which is the DEX.
  •  There will be contact management.
  •  They will implement a two-factor authentication into the system.
  •  Not forgetting, there will be cold storage support, this is for the Trezor, Ledger, just to name a few.

The Multi-Signature Security Within The Solar System

The system shall be designed with a multi-signature security authorization; this is where the developers on the platform will either require all or just a subset of the members within a group to go ahead and approve a transaction just before it gets valid. It will also be able to enable the automated third-party service, the likes of oracles, to be able to interact with the different wallets in a secure manner easily.

It is clear with the Solar system in place, it is effortless to put many things and features into practice and ready for use.

The ability for the development of a multi-signature transaction has been smoothly integrated straight into the Stellar protocol. And this is not all as they have made it available as a desktop client for use on Mac, Windows and Linux, for the mobile app it will be coming very soon.

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