On Saturday, February 10 a brand new bitcoin money (BCH) pockets was introduced referred to as, Handcash, an SPV consumer that allows Near Field Communication transactions. The pockets’s preliminary launch continues to be in beta kind however is on the market to obtain for experimentation on all suitable Android gadgets.
Handcash the NFC Bitcoin Cash Wallet
A crew of builders launched a brand new pockets referred to as Handcash; a bitcoin money consumer for Android telephones. At the second the platform continues to be in its beta kind however the pockets focuses on ease of use and has a couple of distinctive options. One facet is the pockets’s skill to finish Near Field Communication (NFC) funds in a matter of seconds. The characteristic successfully resembles handing somebody some money, therefore the title ‘Handcash’ says the pockets builders. Anyone could make in-person funds with NFC with out having to ask for a particular tackle or QR code.
“NFC Payments: seriously, you gotta try this out with someone. It’s so cool to do a BCH transaction with anyone in a couple of seconds without having to ask for an address. It’s effectively just like handing cash,” explains the Handcash creators.
‘Cashtag’ Usernames and Encrypted Backups
In addition to the NFC performance, the pockets has a singular system for addresses as a result of one component permits using usernames as a substitute. The characteristic is named ‘cashtags’ and the developer says they aren’t linked to any sure tackle however they’re linked to your cellphone’s ID. This means when a person sends bitcoin money to a different Handcash person the pockets’s system creates a brand new tackle for each transaction.
Further, the pockets’s builders element the Android consumer has a one-tap pockets backup characteristic which is also completely different than the usual 12-word backup phrase. The crew has developed a technique that encrypts a wallets backup file and it shops each non-public key data and the rights to a ‘cashtag’ username in a Google Drive folder.
“So if you were using the google account you already are logged into on your phone — If you change your phone, you can recover your wallet on the first screen once you reinstall Handcash again,” explains a Handcash crew member.
Beta Testing Until the App Works Properly
Handcash continues to be in beta and earlier than the pockets jumps on the bitcoin money mainnet the builders wish to ensure that the app works correctly. However, a ‘Handcashbot’ distributes testnet BCH for customers to check and experiment with sure options like NFC transactions. The beta model also doesn’t encrypt the pockets username and encryption shall be added when the 1.zero Handcash model goes dwell. Additionally, the builders conclude that the Cashaddress format is prepared for mainnet as soon as the app leaves beta.
What do you consider the Handcash pockets platform? Do you assume NFC transactions shall be used usually sooner or later? Let us know what you consider this pockets within the comments below.