Before we proceed to review the product at hand, we should learn a bit more about Bitcoin Cash, and how it can potentially change the way transactions are done using cryptocurrencies on a day to day basis. In its core essence, BitCoin Cash can be thought of as a digital asset that has the potential to serve as a peerless electronic cash system.
In recent months, many upgrades have been made to the technology which allow it to provide customers with more transactional capacity, as well as a lower “transaction fees”.
About Unit Wallet
Simply put, UnitWallet is a ‘Bitcoin Cash wallet’ that is made especially for mobile devices. It aims to serve as a means of using Bitcoin Cash in real life scenarios through the execution of microtransactions. From a compatibility standpoint, we can see that Unit can be used with both Android, as well as IOS devices.
Other key aspects of this service include:
(i) Easy Sign Up Process:
In order to make use of Unit, users don't have to provide any personal information or details to the company.
(ii) Payment Ready:
Through the use of QR technology (a payment protocol that is already being adopted across the globe), Unit wallet allows for real life payments to be made in a completely seamless and hassle free manner.
(iii) Money Transfers:
The wallet allows for payments to be sent and received from any part of the world almost instantly.
(iv) Service Finder Option:
Another interesting feature that is unique to Unit Wallet is its ability to track down businesses in our vicinity that allow for the use of Bitcoin Cash (as a means of payment).
Other Important Details To Consider
(i) Non Custodial:
The wallet is completely free of any third party involvement, and is thus able to freeze our assets as and when we wish. Not only that, it makes it impossible for anyone to steal or keep track of our spending.
Technically speaking, we can see that Unit Wallet makes use of Breadapp’s codebase to store all of the encrypted private keys locally. As a result of this, it becomes extremely difficult to hack into the wallet, let alone steal funds from it.
(iii) SPV Technology:
Through the use of this technology, Unit Wallet is able to “receive and relay information” from the blockchain directly. What this means is that customers no longer have to rely on company servers to access their funds ( access is available even if their mainframe is compromised or down).
(iv) Open Source:
Due to the fact that this wallet is open source based, it allows for any user to view and audit the programming codes used to create this wallet. This enables us to suggest improvements that can help bolster security mechanisms which we feel are inadequate, or even create our own wallet.
How Do I Sign Up?
There are no forms to fill out, or any other incessant ID checks which we need to go through to obtain this wallet. In order to make use of Unit, all one has to do is visit the website, and simply download the wallet. For any further details, or technical queries, customers are asked to get in touch with company officials by dropping in a message on the “Contact Us” page.