Monero (XMR) adds new features to its crypto wallet 10989
News
Varun
Jun 1, 2018 at 12:31 PM

Monero (XMR) launched the Monero wallet last month, much to the delight of the crypto community. It provided users with new and upgraded features that were never before seen in crypto wallets. Now, it has decided to include newer features, which would put it among the best crypto wallets ever!

Monero (XMR) coin is one of the most prominent cryptocurrencies out there in terms of market cap, coin value and community following. It has a market cap of $2.48 billion and a 24 hour volume of $33.5 million. Currently, it sits in the 13th position of the coinmarketcap listing of cryptocurrencies.

What are the new features introduced?

  • Faster Syncing: Monero (XMR) claims that the wallet can be downloaded, installed and synced with the PC in a really short span of time. It usually takes hours to sync the desktop wallet with the blockchain. But this wallet would have synced the blockchain with the wallet prior to the installation itself.
  • High level of security: Remembering the private keys of the crypto wallet or storing them in a safe place could be much of a hassle. Hence, Monero (XMR) wallet offers a feature of cold storage, which means that the majority of the assets would be stored in an offline cold storage. Also, while sending and receiving amounts during the transactions, the wallet address of the users will be blurred to maintain privacy.
  • 10 language support: In order to make the wallet available to a wide audience, the team has included 10 languages in the interface.
  • Hassle-free switching between devices: In case you lose your device containing the details of the wallet, you can freeze your account from a different device. Also, you can access your wallet from a different android of iOS device.

All in all, the Monero (XMR) team is doing all it can to make its wallet the best in the business. They have taken the right approach by making the user interaction with the wallet as easy and simple as possible, and also by offering a high level of security. It could turn out to be the best crypto wallet ever in the future if they keep up the good work!

Image via Shutterstock

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