MyEtherWallet Launches Crypto Wallet App MEWconnect for iOS Devices

The original wallet interface of Etherium, MEW (MyEtherWallet), announced on Tuesday that it has launched a wallet application for iOS devices - MEWconnect. Through the app, clients can store their Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, with MEWconnect performing the same role as a hardware wallet.

MEWconnect is available for download via the Apple store now. For Android users, a beta version will be available later this month. However, customers can only access it through the Hockey app, the statement said.

According to the statement, the app is free to use, secure and open-source. Users can also access their wallet without the need to type their private key. Instead, the app uses a QR code scanner. The aim of the app is to give users the ability to interact with the Ethereum Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term from the comfort of their phone.

Commenting on the app, Kosala Hemachandra, the founder and CEO of MEW said: “We've been working hard to perfect MEWconnect over the past few months, and are excited to finally provide our global users with this free and easy to use app that has the functionality of a hardware wallet. We believe this app will play key role in wider cryptocurrency adoption, and we look forward to being a part of this transition.”

MEW Aims to Facilitate Global Adoption of Cryptocurrencies

MEW believes that one of the key barriers that are prohibiting the global adoption of cryptocurrencies is the limited ways that users can store their private keys. Specifically, the lack of free and secure ways.

This is what MEWconnect aims to solve. The app has a 2-factor transaction verification feature. This means that users will be prompted twice before they send their transaction on the Ethereum blockchain.

“With this application users can now easily interact directly with MEW via their mobile phones, while still remaining in full control of their private keys and funds,” Hemachandra added.