This article was originally published on our sister site, Blocks Decoded.
Keeping your tokens safe is one of the greatest challenges of the crypto world. Sure, we all know you shouldn’t leave your coins in an exchange wallet—but what should you do?
One option is to use a crypto wallet on your mobile phone. There are several great wallet apps available, but we’ve been particularly enamored with a new product called UNSTOPPABLE.
Let’s take a closer look…
Who Is Behind UNSTOPPABLE?
UNSTOPPABLE is the brainchild of Horizontal Systems.
The UNSTOPPABLE wallet is just one part of Horizontal System’s vision to launch a DAO (decentralized autonomous organization). If you’d like to learn more, the founder of Horizontal Systems expanded on his long-term goals in an interview with Joe Coburn back in December 2018.
What Is UNSTOPPABLE?
UNSTOPPABLE is an open source decentralized crypto storage app for Android and iOS. Indeed, it is the world’s only mobile crypto wallet that lets you interact with all the major blockchains in a fully decentralized manner. It does not rely on any intermediaries or middlemen.
In practice, it means UNSTOPPABLE operates almost entirely on a peer-to-peer basis. There are no central servers, and as such, the app can never be blocked or taken offline by hackers, governments, or corrupt operating systems.
Very few parts of the app are not decentralized. One exception is the use of third-party data for live exchange rates. However, even if those third-party servers went offline, it would not affect your ability to access the app and withdraw your assets.
UNSTOPPABLE is free to download and use, and there are no in-app purchases. The app is available on both Android and iOS. You can download it using the links below.
Download: UNSTOPPABLE for Android | iOS (Free)
Why Should You Use a Decentralized Crypto Wallet App?
The world of crypto wallet apps is a crowded space. You’ll have probably heard of some of the most popular options—Coinomi and Jaxx immediately spring to mind.
But those well-known apps have some notable drawbacks compared to a decentralized wallet app:
We’ve already seen many stories about governments around the world trying to ban crypto. There have been issues in China, India, and Russia. Even some Members of Congress in the United States have called for a Bitcoin ban.
In theory, they could force apps like Coinomi to cease operations in their jurisdictions. In the case of a decentralized app, restrictive governments would have no such power.
If an app is closed source, the community of users has no way to verify the security of the underlying code. There could be a glaring issue that puts your assets at risk, and you might not find out about it until it’s too late.
Ultimately, by using closed source apps, you are placing large amounts of capital into a company’s systems with no assurances of its long-term safety.
How Secure is UNSTOPPABLE?
UNSTOPPABLE is both secure and private.
The app does not ask for any of your personal details during sign up. You don’t need to create an account, you don’t need to supply your name, email address, or phone number, there are no identify checks or KYC processes, and no third-party servers store your transaction data.
The private keys for your tokens are stored on your device, and they never leave. That means that only you have control over your assets; nobody else can instigate a transaction on your wallet.
Note: You should not use UNSTOPPABLE (or any other mobile crypto wallet app) on a rooted Android device or a jailbroken iOS device. The safety of your private keys would no longer be guaranteed.
Which Coins Does UNSTOPPABLE Support?
UNSTOPPABLE supports 50 of the most widely used cryptocurrencies. The list includes Bitcoin, Ethereum, Dash, Bitcoin Cash, Binance Coin, Basic Attention Token, Golem, Maker, OmiseGO, Pundi X, Walton, and Tether.
How to Use UNSTOPPABLE
When you fire up the app for the first time, you will be given the option of either creating a new wallet or restoring an old one.
If you create a new one, the app will supply you with a 12-word Secret Key. Make sure you write it down and store it in a safe place. If you ever lose access to your wallet (for example, if your phone is stolen), you will need the Secret Key to regain access to your tokens. Without the Secret Key, you will be locked out forever. Because the app is decentralized, the developers will not be able to help.
You will also be prompted to create a PIN code. Again, ensure that you choose something memorable.
Once the initial setup is complete, you will find yourself looking at the Balance tab. Any coins you own will be listed, along with the current USD exchange rate and the number of tokens. At the very top of the screen, you will see the value of your entire wallet in dollars.
You can also use this tab to perform transactions. Just tap on the coin you want use and choose either Send or Receive as needed.
To add more coins to the list, scroll down and tap on the + icon.
The middle tab provides access to a list of all your transactions. You can use the buttons at the top of the screen to filter by specific coins.
The list provides incomings and outgoings as well as information about the sender or receiver’s address.
The final tab is where you will find UNSTOPPABLE’s settings:
- Security Center: You can change your PIN code, enable/disable fingerprint recognition, make a copy of your wallet using your secret key, and unlink your wallet from your device if you plan to sell it or throw it away.
- Base Currency: Set the currency for the in-app exchange rates. 11 global currencies are available, including USD, GBP, CAD, CHF, AUD, and JPY.
- Theme: Flick between light and dark mode.
- Language: Choose to use UNSTOPPABLE in nine different languages, including German, Spanish, French, and Chinese.
Development Is Ongoing
At the time of writing, the developers have invested more than 25,000 hours of engineering into the app, with a further 2,500 hours being added each month.
And that’s an important point. It would be unwise to use an app which isn’t under continually active development—usability issues may arise, you might not have access to the latest technologies in the crypto space, and you wouldn’t be able to have complete confidence in the security of your crypto tokens.
So, why not check out UNSTOPPABLE? As stated, the app is available right now on Android and iOS and doesn’t cost anything. Reach out via social media and let us know what you think.
Read the full article: UNSTOPPABLE: The Best Decentralized Crypto Wallet App?