Samourai, a Bitcoin wallet shares similar function with Google or Apple Pay 22729 Samouri, a Bitcoin wallet
News
Ashmita Dutta
Sep 10, 2018 at 5:54 PM

A Bitcoin software wallet with maximum privacy known as Samourai wallet functions like that of Apple and Google Pay. The latter wallets are designed to store bank cards and also facilitate the generation of "virtual account number" for protecting the dataThe description given for Samourai has been a Bitcoin wallet meant for the streets.

Samourai is the real parent company that has pledged to develop the products which “Silicon Valley will never build, the regulators will never allow, and the VC’s will never invest in. We build the software that Bitcoin deserves.” Under this company, comes the renowned software Samourai Wallet directed towards securing the owners; transaction history and identification.

Samourai's other products

The parent company's some other useful products involve Afterburner for providing impetus to the slow transactions of Bitcoin and Sentinel which happens to be a cryptocurrency wallet operating offline and public key is the only requirement for it. PayNym is the most recent product that is involved in  the generation of payment code enclosing a number of bitcoin wallets. It is designed in such a way that it simultaneously hides the owner and his digital currency.

In terms of simplicity, more than one crypto wallets are kept by the payment codes in one single place that are involved in generating one code for all the transactions. It is meant for creating a new address for the wallets with an identical payment code. It also facilitates to maintain the privacy of the transaction history and identity since at present, it is not feasible to keep a track of the ownership and ventures when a transaction is conducted utilizing different address.

However, at the present moment the crypto industry has not achieved that mark to make an entry into the mainstream. Nonetheless, with the payment codes, it will soon reach the point. PayNym happens to be the latest addition in software that supports only Bitcoin wallets.

See also: Citigroup's game changer for the Crypto-world looks to increase Bitcoin trading

See also: US SEC supends Bitcoin tracker one and ether tracker one

Image via Google

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