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Trust Wallet

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review of a decentralized cryptocurrency assets wallet

Trust Wallet is an application with which you can store and transfer cryptocurrency from your smartphone. The purse was purchased by Binance in July 2018 and is now the official application for working with the assets of the famous stock exchange.

In addition, Trust Wallet is supported by many crypto-projects and their digital assets. When downloading in the AppStore and Google Play , a rating of 4.7 out of five possible stars is displayed, so Trust is rightfully one of the most popular and sought-after applications in the category of cryptocurrency wallets .

Trust Wallet is a secure, decentralized and anonymous application that supports Ethereum and more than 20,000 different ERC-20, ERC-223 and ERC-721 tokens .

In Trust, you can also work with cryptocurrencies of other well-known blockchains such as Bitcoin, Litecoin, DASH, Tron and others. The program was launched in November 2017 and became popular among users due to its extensive functionality and multi-currency.

To register with Trust Wallet, you need to go through the traditional procedure for such applications: enter an email address, create a password, enter a 12-word seed phrase, which will help restore access to the application in critical cases. We remind you that the seed phrase must be kept out of the reach of other places.

Trust Wallet, as mentioned earlier, has a simple intuitive functionality. In the section Wallet – Tokens presents the user's assets and those assets that the user would like to follow.

You can add Bitcoin, Lightcoin, Live, as well as Dach, Ethereum Classic, ICON, Zcash, Zcoin, Bitcoin Cash, POA Network, Tron, VeChain, VeThor, Calisto, TomomChain, GoChain, and WeChain coins to the tracking panel. Accordingly, all coins can be sent and received using the address and QR-code.

In the section Wallet – Collectibles presents the coins that the user needs to work in decentralized applications: games, social networks, gambling programs and others.

Tokens of decentralized applications can be added from the DApps section. It presents projects that support Trust Wallet. All programs are divided into the following categories: new dApps, popular, exchangers , games, marketplays, social networks, utility applications.

The necessary applications for the user can also be found via the Google search bar or DuckDuckGo (you can select one of the browsers through the Settings section).

In the Settings section of the crypto-wallet Trust, you can configure application configurations. So, initially, when registering and creating an account, the program on the smartphone is not password protected. Therefore, if confidentiality is important to the user, then you can create a six-digit password.

Optionally, you can enable alerts for transactions and coins, choose fiat currency: US dollar, euro, pounds, rubles, and others. This section also includes links to the Trust wallet and help center.

Trust Wallet: Review Summary

Trust Wallet is a basic tool for users who work with dApps. Multicurrency allows you to work with the necessary coins in one application. In addition, the Trust wallet is quite easy to use and suitable for regular use, since all information is loaded promptly.

Publication date 12.03.2019
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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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