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9 of the best open-source Bitcoin & cryptocurrency wallets (2020)

The post 9 of the best open-source Bitcoin & cryptocurrency wallets (2020) appeared first on Go Cryptowise.

Are you looking for a secure and trustworthy cryptocurrency wallet? Then you should look into using an open-source cryptocurrency wallet. Something that is considered important amongst every person is having trust with the brands, products and services that you use in life. And one way that a product could provide its users with trust is […]

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Are you looking for a secure and trustworthy cryptocurrency wallet? Then you should look into using an open-source cryptocurrency wallet.

Something that is considered important amongst every person is having trust with the brands, products and services that you use in life.

And one way that a product could provide its users with trust is by being open and transparent.

9 of the best open-source crypto wallets list

1 ) Copay

Copay open-source Bitcoin wallet

Copay wallet is a simple cryptocurrency wallet created for the sole purpose of sending and receiving Bitcoins, Bitcoin Cash originally, but now with added cryptocurrencies supported.

It is developed by the company Bitpay, an early adopter and promoter of Bitcoin and technology company that provide merchants with payment processing services for BTC and BCH.

Copay is a light wallet, and it uses uses Bitcore Wallet Service (BWS) for peer synchronisation and network interfacing.

Copay is open-source, licensed under the MIT license. It is available for download to desktop or mobile devices.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, USDC, PAX, GUSD, BUSD

Get started with Copay here:  iOSAndroidWindows PhoneChrome AppLinuxWindows and OS X devices

2 ) Bitpay

Bitpay wallet

Another open-source crypto wallet and one that is also developed by the same company as the Copay wallet is Bitpay wallet.

This is a more modern and feature-rich wallet created by the same company. It is not mean to compete with Copay, but be an alternative (learn more about Copay vs Bitpay here).

It should interest people that wants to use the same wallet application for more cryptocurrencies, and wants other features such as:

  • Spend their Bitcoins and cryptocurrencies at shops
  • Option to buy more cryptocurrencies within the app

But also to use a open-source wallet, with its software open for audits and checks.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, USDC, PAX, GUSD, BUSD

Get started with Bitpay here: For iOS and Android

3 ) Edge wallet

Edge wallet an open source mobile cryptocurrency wallet

This is a modern mobile wallet that also is open source.

Edge wallet, or formerly Airbitz is a multi-currency wallet with added features like in-app cryptocurrency purchases with fiat currencies, portfolio tracking and cryptocurrency exchange.

It is also released under the MIT license.

With Edge wallet you can use it with Bitcoin, Ether and other popular cryptocurrencies such as; Monero, XRP, Dash, Litecoin, EOS, Tezos and more.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, Monero, XRP, Dash, Litecoin, EOS, Tezos

Get started with Edge wallet here: For iOS and Android

4 ) BRD wallet

BRD wallet a multi-currency mobile wallet

Another popular and modern Bitcoin and cryptocurrency wallet is BRD wallet.

With a clear vision of how this crypto and blockchain space will make a positive impact, the BRD team have focused on creating a wallet that is perfectly aligned with the core message.

Open source, decentralisation and the future of money. This venture-backed company have created one good-looking and easy-to-use wallet. It supports

BRD wallet comes with excellent reviews in both Appstore and Google Play. It has support for Bitcoin, Bitcoin Cash, Ethereum, XRP, LINK, DAI, BAT and many more coins and tokens.

Which cryptocurrencies does it support: Bitcoin, Bitcoin Cash, Ethereum, XRP, LINK, DAI, BAT, Bancor, OMG, PAX and 30+

Get started with BRD wallet here: For iOS and Android

5 ) MyEtherWallet (MEW)

MyEthereWallet or MEW one of the most popular web based wallets for Ethereum and Ethereum tokens

One of the most popular online wallets for Ethereum, and Ethereum-tokens is MyEtherWallet, or MEW.

This free and open-source Ethereum wallet is extremely popular and very easy to use.

It comes with support for popular hardware wallets like Trezor and Ledger, and third-party applications such as MetaMask.

Which cryptocurrencies does it support: Ethereum and Ethereum tokens

Get started with MEW wallet here: Go to www.myetherwallet.com (check that it’s the correct address and it’s using SSL certificate (https)

6 ) MyCrypto

MyCrypto a free open source wallet for Ethereum and Ethereum tokens

A MEW lookalike and option is MyCrypto wallet.

If you think they look and feel similar then it’s because of good reasons. MyCrypto was created by one of the founders to MyEtherWallet, namely Taylor Monahan.

And MyCrypto is essentially a fork from MEW. Possible because of the fact that both are open-source applications.

MEW is the original and probably still the most popular option today. It became widely used during the height of the ICO period back in 2017.

When lots of new Ethereum-based tokens launched as crypto startups. And attracted many new investors.

Which cryptocurrencies does it support: Ethereum and Ethereum tokens

Get started with MEW wallet here: Go to www.mycrypto.com (check that it’s the correct address and it’s using SSL certificate (https)

7 ) GreenAddress / Green wallet

GreenAddress / Green wallet by Blockstream Green

This is an open source Bitcoin wallet.

It is available for macOS, Windows, Linux, iOS and Android.

GreenAddress the old school Bitcoin wallet was in 2016 acquired by Blockstream Green. And it has since seen some major upgrades in its UX and UI.

And it is now a highly modern but still open-source wallet for Bitcoin.

Which cryptocurrencies does it support: Bitcoin

Get started with Green wallet here: Download it for iOS, Android, Linux, macOS and Windows here

8 ) Blue wallet

Blue wallet for Bitcoin

And lastly, I wanted to mention Blue wallet. It’s a Bitcoin wallet with support for the lightning network.

With Blue wallet you can therefore run hosted lightning network wallets and make use of this new Bitcoin innovation, for faster and cheaper transactions.

Like Bitcoin itself, Blue Wallet is fully open source and licensed under MIT. It was created during the BTC and crypto haze in 2017.

And it has since become a very popular mobile wallet for BTC.

It also can be used with hardware wallets that supports PSBT (Partially Signed Bitcoin Transactions).

Which cryptocurrencies does it support: Bitcoin

Get started with Blue wallet here: Download it for iOS and Android

9 ) Natrium

Natrium an open-source wallet for Nano

This is an open-source cryptocurrency wallet for popular Nano.

This lightning-fast cryptocurrency has a strong community following, and Natrium seems to be a well-liked wallet app with high ratings in both Appstore and Google Play.

Natrium is released under the MIT license, and you can inspect the code here on GitHub.

It is an all-Nano cryptocurrency wallet. It looks modern and nice, and it got most of the features you need from a modern cryptocurrency wallet.

But being lightweight and fast it’s focused more on the necessities from a crypto wallet, i.e. sending and receiving rather than purchasing and trading.

Which cryptocurrencies does it support: Nano

Get started with Blue wallet here: Download it for iOS and Android

About open source cryptocurrency wallets

Open Source illustration

Transparency and openness are also key aspects of blockchain technology and cryptocurrencies. Bitcoin and other blockchains like Ethereum are open-source initiatives (Bitcoin under MIT license and Ethereum under GPL license).

This means others can access the source code for them. They can create their own versions from the code and create new Ethereum/Bitcoin forks.

Open-source softwares is in some ways perfectly aligned with this space, therefore there is also a much greater interest in products and services that operate in this space to also be open-source.

And one thing I have in mind specifically are open-source cryptocurrency wallets.

With cryptocurrency wallets we store and integrate with our cryptocurrencies, and in good faith that this software and application is reliable and safe to use.

And what better way to prove that than by making your wallet application and software fully open source. So that others can inspect and audit the code at any time.

If you value openness, transparency and decentralisation and if you own cryptocurrencies like BTC, ETH, LTC, etc then I wanted to make you aware of these 9 good cryptocurrency wallets that are open source.

What is open source?

The Open Source initiative screnshot

As the name suggests it means that the code in which the application is built on is licensed in such a way that it is open for others to read and modify.

There are some different types of licenses available which might suit you better depending on the application/software you are developing.

We have named the MIT license, there are also GNU, Apache and others (see them all here).

To learn even more about how open source works and the different licenses we recommend you to check out https://opensource.guide/legal/ and https://opensource.org/osd-annotated.

Conclusion

Which open-source cryptocurrency wallet should you go for?

Well, it depends on if you own more than Bitcoin today? Then you should look into one the multi-currency wallets.

If not, then either of the BTC-only wallets might appeal to you more?

What all these cryptocurrency wallets have in common is that they are all open-source crypto wallets. Some have support for multiple cryptocurrencies.

Others are Ethereum or Bitcoin-only wallets.

They are all very popular and used by millions of crypto investors around the world, so with that in mind I would myself trust all of them. But as always do your best to research and evaluate the wallets yourself.

Otherwise I hope this guide to the best crypto and Bitcoin open source wallets was useful.

If you think there’s another wallet that deserves to be on this list then let me know in the comment section below.

Find other guides

  1. Best Litecoin wallets
  2. Best Ripple wallets
  3. Best Stellar Lumens wallets
  4. Best Bitcoin wallets
  5. Best Neo wallets

Source: https://gocryptowise.com/blog/best-open-source-cryptocurrency-wallets/

Blockchain

Kraken Daily Market Report for February 27 2021

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Overview


  • Total spot trading volume at $1.43 billion, down from the 30-day average of $2.1 billion.
  • Total futures notional at $388.7 million.
  • The top five traded coins were, respectively, Bitcoin, Cardano, Ethereum, Tether, and Polkadot.
  • Strong returns from Cardano (+12%), Algorand (+12%), and Polkadot (+11%).

February 27, 2021 
 $1.43B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XBT 
$47003. 
↑1.4% 
$445.1M
ADA 
$1.3931 
↑12% 
$387.5M
ETH 
$1475.3 
↑2.1% 
$222.3M
USDT 
$1.0003 
↑0.02% 
$131.7M
DOT 
$34.820 
↑11% 
$103.0M
USDC 
$0.9999 
↑0.0% 
$26.8M
LINK 
$26.326 
↑4.6% 
$23.4M
LTC 
$173.66 
↑1.9% 
$22.5M
XRP 
$0.4446 
↑3.8% 
$21.8M
XLM 
$0.4365 
↑8.7% 
$21.6M
ALGO 
$1.0888 
↑12% 
$10.6M
ATOM 
$19.947 
↑5.4% 
$9.11M
XDG 
$0.0500 
↓0.9% 
$8.72M
UNI 
$23.479 
↑1.6% 
$8.25M
BCH 
$490.82 
↑1.2% 
$7.79M
KSM 
$230.39 
↑6.5% 
$6.77M
XMR 
$215.72 
↑5.5% 
$6.53M
XTZ 
$3.6639 
↑5.4% 
$5.41M
FLOW 
$20.012 
↑1.3% 
$5.13M
GRT 
$1.7118 
↓1.2% 
$4.08M
DASH 
$216.23 
↑4.7% 
$3.95M
AAVE 
$337.48 
↑4.1% 
$3.89M
EOS 
$3.7541 
↑5.7% 
$3.27M
TRX 
$0.0473 
↑4.7% 
$2.97M
YFI 
$32452. 
↑4.2% 
$2.76M
SNX 
$19.217 
↑6.6% 
$2.54M
QTUM 
$5.3802 
↑3.8% 
$2.51M
BAT 
$0.5291 
↑0.4% 
$2.18M
DAI 
$1.0009 
↑0.0% 
$2.16M
FIL 
$37.896 
↑7.9% 
$2.12M
OMG 
$4.5904 
↑3.3% 
$2.09M
NANO 
$5.2985 
↑2.9% 
$1.92M
SC 
$0.0100 
↑1.6% 
$1.91M
ICX 
$1.5462 
↑4.0% 
$1.8M
OXT 
$0.4816 
↑5.1% 
$1.5M
WAVES 
$9.8523 
↑3.1% 
$1.44M
ZEC 
$122.20 
↑3.3% 
$1.21M
COMP 
$416.39 
↑4.5% 
$1.16M
CRV 
$2.0184 
↑4.9% 
$1.06M
LSK 
$3.0572 
↑1.5% 
$990K
KEEP 
$0.3181 
↑3.4% 
$932K
MANA 
$0.2537 
↑1.7% 
$894K
KAVA 
$3.6796 
↑3.3% 
$847K
KNC 
$1.7402 
↑7.1% 
$583K
ETC 
$11.270 
↑5.0% 
$564K
REP 
$31.950 
↓0.4% 
$557K
STORJ 
$0.6360 
↑9.2% 
$507K
ANT 
$4.1877 
↑1.6% 
$497K
PAXG 
$1747.2 
↓0.04% 
$476K
BAL 
$37.645 
↑6.4% 
$383K
REPV2 
$27.355 
↑5.2% 
$221K
MLN 
$36.848 
↓1.1% 
$210K
GNO 
$126.07 
↑2.1% 
$160K
TBTC 
$49741. 
↑0.3% 
$155K


#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (February 27 2021)

Figure 2: Mid-size trading assets: (measured in USD) (February 27 2021)

Figure 3: Smallest trading assets: (measured in USD) (February 27 2021)


#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (February 27 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (February 27 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (February 27 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (February 27 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/8076/kraken-daily-market-report-for-february-27-2021/

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Blockchain

Inverse Finance seizes tokens, ships code: Launches stablecoin lending protocol

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Shortly after culling its community of inactive members, one of decentralized finance’s (DeFi) strangest experiments is launching a new stablecoin lending product.

On Wednesday Inverse Finance revealed the Anchor Protocol, a money market built around DOLA, a protocol-native synthetic stablecoin. Based on “a modified fork of Compound,” in a blog post Inverse Finance founder Nour Haridy compares Anchor to Synthetix, which issues credit in the form of synthetic assets back by overleveraged collateral, and Compound, which issues credit in the form of crypto asset loans also backed by overleveraged collateral.

Ultimately, Haridy sees these models as providing the same utility.

“Lending and synthetic protocols both offer the same service: credit. Anchor brings the gap between them by combining them into a unified borrowing protocol.”

Anchor aims to accomplish this with a unique architecture that always treats the DOLA token as “$1 collateral that can be used to borrow other assets regardless of DOLA’s market conditions or peg.” Users deposit collateral, mint DOLA, and then can use DOLA to take out loans in other crypto assets or simply earn yield on DOLA. 

“For over-collateralized borrowers and leveraged traders, we offer them a one stop shop where they can share their collaterals across their synthetic and token borrowing positions, allowing higher capital efficiency and higher leverage,” says Haridy.

Haridy envisions Anchor will use DOLA for protocol-to-protocol lending similar to Cream’s Iron Bank, for undercollateralized lending (long a prize in DeFi), and for the protocol to “lend itself” credit to pursue yield farming opportunities.

No dead weight

Perhaps more interesting than Inverse’s development at the protocol layer are the moves they made earlier in the week at the governance layer. 

In what may be a DeFi governance first, On Saturday Feb. 20, Inverse community members put forth two governance proposals to seize INV — Inverse’s currently non-transferrable governance token — from inactive community members. On Thursday Feb. 25, the proposals passed, and not everyone was happy with the result.

Haridy says that the timing was intentional — right as Anchor, a protocol that might generate revenue for the DAO, prepares to launch, the community sheds freeloaders. 

“We needed to weed out our dead weight to reclaim some tokens for re-distribution to new active members soon. We also created an INV grants committee with the power to reward contributors and add new members to the DAO. Additionally, when free riders are removed, active members become more incentivized to contribute because they get a larger piece of the pie.”

While the unprecedented move may seem harsh, it’s also simply applying to governance the kind of aggressive style that put Inverse Finance on the map in the first place. By forcing token holders to participate under the threat of seized tokens, it’s helped with the development of Anchor as well. 

“This is a collaborative effort among many DAO members starting from ideation to development to internal reviews and testing,” says Haridy.

The next step for Inverse will be getting Anchor off the ground, and preparing for a world in which INV becomes tradable. Haridy says there’s a growing consensus in the community for tradability. This would mean that the DAO would give up the power to seize tokens, which could alter Inverse’s community landscape.

Haridy, however, seems unfazed by the looming shifts, already preparing the next innovation.

“This will significantly change the existing incentives and may reduce participation. Fortunately, there’s some work on a new alternative governance model that’s been happening internally to address this problem.”

Source: https://cointelegraph.com/news/inverse-finance-seizes-tokens-ships-code-launches-stablecoin-lending-protocol

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Blockchain

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

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As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion’s share of investor’s attention as they are the well-known ‘secure’ blockchain projects. 

Once these new investors get a taste of the mainstay cryptocurrencies and how to navigate the volatile markets, their attention soon turns to smaller cap coins as they search for the up-and-coming projects that could be the next big thing.

Currently, CoinMarketCap shows that there are 8,475 tokens and more are added daily. This makes it difficult to keep up with the latest developments and find solid projects with real-world potential.

With that in mind, here are some interesting projects that have been gaining strength over the past few weeks. 

MRPH/USDT

Morpheus Network (MRPH) is a blockchain platform focused on logistics and supply chain optimization through the use of its SaaS middleware platform which is integrated with emerging technologies.

Supply chain managers are able to use the platform to create a digital representation of their network as information collected is transformed into actionable data, with all steps in the supply chain being notarized on the Morpheus blockchain.

MRPH was trading at a price of $0.412 on Jan.15 before an influx of trading activity lifted the token more than 920% to a high of $4.44 on Feb.8.

MRPH/USDT 4-hour chart. Source: TradingView

The rapid rise in price was due in part to the fresh attention the project received from several well-known YouTube influencers and recent verifiable MRPH partnerships, such as China’s Qingdao Maple Leaf International Trading Co. and the possibility of a partnership with Coca-Cola in Latin America.

Speculations aside, the Morpheus platform currently has more than 100 integrations with industry-leading service providers including DHL, FedEx, SWIFT, Oracle, and Salesforce. With significant real-world partnerships and the attention of cryptocurrency influencers, MRPH has strong fundamentals and is likely to gain more attention from investors.

BMI/USDT

Bridge Mutual (BMI) is a more recent arrival to the decentralized insurance space but it has quickly garnered the attention of investors.

The insurance platform offers coverage for stablecoins, centralized exchanges and smart contracts. It also allows users to provide insurance coverage, determine insurance payouts, and recie compensated for taking part in the ecosystem.

BMI’s initial decentralized exchange offering (IDO) was conducted on Jan. 30 with a token price of $0.125 and it was first listed on Uniswap for $1.03. Since listing, BMI has rallied by 540% to a high of $5.46 on Feb. 3. Currently, BMI trades at $3.24 following the downturn in the market that began on Feb. 21.

BMI/USD 1-hour chart. Source: CoinGecko

Decentralized insurance has thus far been dominated by Nexus Mutual (NXM), but BMI’s arrival offers a fresh challenger to a field with growing demand due to the risky nature of investing in DeFi platforms.

REEF/USDT

Reef (REEF) is a Polkadot-based DeFi platform that aims to offer cross-chain trading powered by a yield engine and smart liquidity aggregator that enables automation of the exchange process.

One issue Reef developers hope to provide a solution for is high gas fees on the Ethereum blockchain that are currently making DeFi unusable for many community participants. The team also hopes to help connect liquidity pools from separate networks, avoiding the need for multiple accounts which can be difficult to keep track of.

REEF/USDT 4-hour chart. Source: TradingView

Work on the project began in the second half of 2020 with the completion of its IDO on Sep.30. Following its listing on Binance and Uniswap in late December of 2020, REEF price bottomed out at $0.0067 on Jan.13 and has since increased more than 750% to a high of $0.054 on Feb.11.

DeFi remains one of the hottest growth areas in the cryptocurrency sector and Reef is well-positioned to capitalize on its continued growth. As the Polkadot ecosystem grows its user base and provides solutions that provide relief from high Ethereum transaction costs, cross-chain functionality projects like Reef stand ready to benefit as decentralized finance goes mainstream.

Source: https://cointelegraph.com/news/3-reasons-why-reef-finance-bridge-mutual-and-morpheus-network-are-rallying

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