MyEtherWallet Launches Mobile ‘Hardware Wallet’ App Beta for iOS

  • ETH wallet interface MyEtherWallet has launched a beta version of its "hardware wallet" app, 
  • The app will reportedly allow users to access their funds without entering their private keys.

Popular Ethereum wallet interface MyEtherWallet (MEW) has recently launched a mobile ‘hardware wallet’ app for iOS, still in its beta version. The app, MEWconnect, is set to allow users to protect their funds as if they had a hardware wallet.

According to a recently published blog post, MyEtherWallet’s app is still in its infancy and, as such, this version is to be used for testing and debugging. The service asks users not to “use [the] beta version as a permanent ETH storage solution.”

The app essentially lets users log into the service without using their private keys, a significant security addition given the phishing attacks that have plagued the crypto ecosystem. MEW itself was hit when hackers attacked the internet’s core infrastructure to swindle its users.

Per the organization, the MEWconnect app gives users the “security of a cold-storage wallet on your mobile phone.” Its post reads:

We want to provide you with an instant and secure way to store and exchange ETH, while at the same time facilitating wider cryptocurrency adoption. We believe MEWconnect is that missing link the Ethereum community has been looking for.

MyEtherWallet

A stable version of the app for both iOS and Android is set to be released in August. Cold-storage solutions like Trezor and Ledger wallets are seen as the best way crypto enthusiasts have to secure their funds, but can cost between $90 and $200. The MEWconnect app, however, will be free.

Speaking to TechCrunch, MyEtherWallet founder Kosala Hemachandra revealed the service has also launched a bug bounty program along with the beta version, so users can help test the app and improve its security. Rewards for submitting a bug will vary between $250 and $2,000.

In the future, the app could add payment options and other features. Notably, as CryptoGlobe covered, the release comes shortly after MyEtherWallet added ETH credit card purchases through a new partnership.

A rival service, MyCrypto, which took over MyEtherWallet’s Twitter account when it launched in what was deemed a “hostile takeover,” is also looking into ‘hardware wallet’ app solutions as it currently supports the Parity Singer app.

Elon Musk Rejects Rumors on Plans to Use the Ethereum Blockchain

Francisco Memoria

Tesla and SpaceX CEO Elon Musk has recently revealed he isn’t using the Ethereum blockchain to build anything, and addressed his stance on the second-largest cryptocurrency by market capitalization.

Musk’s comments came in response to a tweet published by famous Hollywood actor William Shatner, who claimed last year Elon Musk was, along with Ethereum co-founder Vitalik Buterin, “deciding what to build on Ethereum.”

The Canadian actor, well-known for his role as Captain Kirk on Star Trek, has been a cryptocurrency proponent for some time, at one point even releasing his own non-fungible token (NFT). One year after he tweeted out Musk and Buterin were working on Ethereum, the CEO of Tesla replied.

In a single tweet, Musk revealed that he is not building anything on top of the second-largest cryptocurrency’s blockchain, nor is he “for or against it.” Shatner later responded to the CEO telling “I still love you even though you haven’t found blockchain technology fascinating.”

Musk has notably made various comments on the cryptocurrency space over time. As CryptoGlobe reported, earlier this year the CEO said crypto could be a replacement for cash. On numerous occasions, he teased the community on the microblogging platform, either tweeting about BTC or about Dogecoin.

In an odd tweet published in January of this year, Musk said “bitcoin is *not* my safe word.” While the tweet itself has never really been explained, over time the COE has said he is “neither here nor there on Bitcoin,” but that he did find the cryptocurrency’s whitepaper “very clever.” In another tweet, he revealed he “only” holds 0.25 BTC.

Featured image via Pixabay.