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Zilliqa Wallets: Top 8 Best Places to Store ZIL Safely

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Zilliqa (ZIL) is a high performance sharding based blockchain that recently moved from an ERC20 standard to its own native token on its mainnet.

That token swap ended on February 15, 2020 and the ERC-20 tokens are now considered to be obsolete. This means that for all of those users who want to store their ZIL securely offline, they will need a native ZIL wallet.

However, which are the best wallets to safely store your ZIL in?

In this post, I will take you through 8 of the top Zilliqa wallets. Not only that, but I will also help you find the wallet that is right for you as well as give you some top tips for storing ZIL.

What To Look For in a ZIL Wallet

A secure and useful Zilliqa wallet comes with a number of features, and users should make sure that whatever wallet they choose for storing their ZIL have these features at a minimum:

  • Compatible with native ZIL tokens. Make sure the wallet wasn’t designed only for the ERC-20 version of the ZIL tokens, but that it has the ability to store the native ZIL tokens. This is the most important feature since the ERC-20 ZIL tokens are now obsolete. All the wallets reviewed below have the ability to store native ZIL tokens.
  • The wallet should keep the private keys under the control of the user. It is also best if those keys are always kept on the local device that holds the wallet. The private keys are the access point to the ZIL tokens and security here is of utmost importance.
  • The wallet should have an active user community, but more importantly it should also have an active developer community. This ensures the wallet is kept up to date and that new features and security enhancements are added regularly.
  • Solid security and backup features are also a must. Encryption of passwords, keys and backup phrases is the minimum required.
  • Lastly look online for reviews of the wallet and see what others have to say. If the wallet has been around for some time there should be plenty of online reviews that will help you determine how suitable the wallet is for your needs. Other users will let you know their experience with the wallet, which can save you loads of time and potential stress if the wallet turns out to be sub-par.

With all that in mind below are 7 of the best Zilliqa wallet s you can rely upon for storing your native ZIL tokens.

Ledger (Hardware Wallet)

It’s no secret that the most secure type of wallet is a hardware wallet such as the Ledger brand. Ledger is well known and respected as one of the top hardware wallets available. It uses cutting edge encryption techniques to ensure any funds stored in the wallet remain secure.

In the case of Ledger the private keys for your ZIL tokens remain secured in a certified encryption chip and behind a custom made operating system that was designed to repel any type of attacks that cryptocurrency users might encounter.

The Ledger also allows users to store over 1,250 other cryptocurrencies, making it an excellent choice for crypto enthusiasts who probably hold other different tokens besides their Zilliqa.

Ledger Nano Zilliqa Wallet
Get your Ledger Nano X From the official store

The entry level Ledger wallet is the Nano S. It set the standard for cryptocurrency hardware wallets, and has seen over 1.5 million units sold since it was first released. The great news for users is that the price of the Ledger Nano S continues dropping,  and one can now be had for just $60.

Warning ⚠️: If you are going to be buying a hardware device, be sure to buy it from the official site. Buying hardware devices from third parties is risky as they may have tampered with the device

The Ledger wallet will keep your ZIL safe and secure in offline storage. The only downside at this time is that Zilliqa is not supported on Ledger Live. Instead the Zillet wallet needs to be used, and then can be connected to the Ledger device.

Zillet (Web Wallet)

The Zillet wallet is very similar to the well-known and popular MyEtherWallet. It is both highly secure and private and does not store your private keys or any other data. Users remain in full control of the keys, and Zillet is very clear in its intention to remain both secure and anonymous.

Zillet Web Wallet UI
Zillet Web Wallet UI

The setup of the wallet is quite straight-forward and the only strong recommendation is to make sure to record the private key and passphrase somewhere safe. These are needed to restore the wallet in the future when necessary. The other benefit of the Zillet wallet is that it can connect to the Ledger hardware wallet for extra security.

Atomic Wallet (Desktop & Mobile Wallet)

The Atomic wallet has become increasingly popular due to the ability to store over 300 cryptocurrencies, the multiple platform support, and the security of the wallet.

In addition to support for ZIL and the other 300+ cryptocurrencies, Atomic wallet can also be used to store any of the ERC-20 or BEP-2 tokens, making it a very versatile wallet. It is available for Android and iOS mobile devices, or for Windows, MacOS, Debian, Fedora, and Ubuntu on desktop machines.

One of the very nice benefits to using the Atomic wallet is the ability to instantly swap over 60 different cryptocurrencies, incuding Zilliqa. The Atomic Wallet also has support for purchasing Bitcoin and several other cryptocurrencies from within the wallet.

Atomic Wallet ZIL
Web & Mobile Version of Atomic Wallet for ZIL

Despite warnings that multi-platform wallets can be less secure due to the need for the development team to ensure there are no exploits in any of the version the Atomic Wallet remains extremely secure.

Open Source ❓: The only downside of the Atomic Wallet is that it is not fully open source. This means that the code has not been fully vetted by the community for its robustness.

That’s because it was created by a crypto-industry veteran to remain secure no matter what platform is used. This is accomplished by never exposing the private keys. They remain encrypted and secure on the device itself at all times.

Besides storing your ZIL in the Atomic Wallet you could also store any other tokens your hold that are supported. Plus, the Atomic wallet supports staking for a number of different tokens. The team is always working to keep the wallet updated and support for new coins and features are regularly added.

Trust Wallet (Mobile Wallet)

The Trust Wallet is a mobile-only wallet that has been growing rapidly after being adopted as the official wallet supported by Binance. Thanks to the huge number of investors and traders at Binance the Trust Wallet saw a huge jump in its number of users as well.

That said, the wallet remains a secure way to store ZIL tokens, and thousands of other tokens as well. It’s this support for such a huge number of tokens that made Trust Wallet the official Binance wallet.

And while mobile wallets aren’t always considered to be the most secure, so long as you follow the usual security procedures you’ll find Trust Wallet to be safe enough for everyday storage of your ZIL tokens.

Another benefit of using the Trust Walet is the ease of downloading, setting up a new wallet, and then sending and receiving ZIL or any of the other coins supported by Trust Wallet. It’s got a clean, easy to use interface that’s never confusing. Plus the development team continues adding new features, security and additional coin support.

Guarda Wallet

The Guarda wallet is a third party wallet that supports Zilliqa. However, the Guarda wallet is a multicurrency wallet that supports up to 10,000 tokens on a number of different chains.

Guarda is a company that is based in Estonia and they are developing a whole host of other crypto related products. They actually also have a financial licence that was issued by the Estonian authorities.

The Guarda wallet is available on desktop and mobile and supports most operating systems. Given that these devices are installed on your PC, you remain in full control of the keys at all time.

Something that you will really appreciate about the Guarda wallet is that you can use an in-built exchange feature to swap your ZIL into another cryptocurrency. This means you don’t have to send your crypto to an exchange to swap them.

Guarda Wallet Zilliqa
The user interface of the Guarda wallet & App

For those of you who prefer to have the added security of a hardware wallet but prefer to use the Guarda software, you will be happy to know that it is fully compatible. You can store your private keys on the ledger and then use it in order to sign transactions out.

Something else that we liked is that Guarda also supports blockchain domains. This means that you can receive your crypto to a custom crypto address. This is particularly relevant given that you can use .zil addresses for these purposes.

For those of you who would like to earn returns from staking cryptocurrency, you can also do that here with the Guarda wallet. They support staking in a number of different cryptocurrencies such as Tezos (XTZ), Cosmos (ATOM), Tron (TRX) etc.

Finally, when it comes to community support, there appear to be great reviews through a number of online forums, review sites and in the official app stores. Where there are concerns raised, the Guarda team are quick to respond which is great to see.

Math Wallet (Mobile Wallet & Browser Extension)

Math Wallet is more than just a wallet, it is calling itself the “Gateway to the world of blockchain.” It says this because there are a number of features outside the basic wallet usage that can be accessed using Math. In addition to having support for more than 45 different blockchains, the Math application also has a built-in exchange for swapping supported tokens.

Math has also developed some of its own products, such as the Math dApp factory for developers to create great new decentralized applications, and the Math dApp Store, where users can connect with all the great dApps.

In addition there is also Math ID, which is an identity verification system which is supported by a number of blockchains and is intended to do away with the need for passwords by fundamentally changing user authentication methods.

One further product is Math Pay, which gives users the easiest way to accept multiple cryptocurrency payments.

Math has its own blockchain and its own token, which can be used to redeem any of the Math products, and will eventually be used in support of the MathDEX and any other Math products created in the future.

As you might have guessed from the huge list of features Math is trying to become the go-to wallet that allows for a complete blockchain ecosystem experience. It’s a new project so there’s no telling how successful it might become, but for the time being it’s gotten good reviews and appears to be secure.

ZilPay (Browser Extension)

ZilPay is a browser extension that can be used in Chrome, Firefox, Opera, and Brave browsers. It allows for a connection to the Zillqa blockchain without running a full node. Because it is a bridge between the browser and blockchain it simplifies Zilliqa usage and allows users to run Zilliqa apps from right within their browsers.

It’s also possible for developers to integrate smart contract calls and allows the wallet to work directly with dApps. This makes it far easier for developers to work with the Zilliqa blockchain.

ZilPay Wallet Zilliqa
ZilPay wallet functionality. Image via Zilpay

ZilPay is an HD wallet, and it remains secure by keeping the private keys stored only within the users own browser. And it is an open source wallet, allowing the community to review the code to ensure it remains secure. It also allows for recommendations for upgrades from the community.

Moonlet (Mobile Wallet, Chrome Extension)

Moonlet is a blockchain agnostic wallet that has support for Zilliqa and a number of other coins. The Zilliqa team has even partnered with Moonlet and participates in the “Bugcrowd”, a bug bounty program that helps to protect Moonlet and other cryptocurrency wallets from potential malware.

The wallet is non-custodial, ensuring users keep full control over their funds. It has an intuitive interface that makes it far easier for most users to manage their accounts.

It is also an open source wallet, maintaining the transparency demanded by blockchain enthusiasts. Moonlet has also recently added support for both the Ledger Nano S and Ledger Nano X, giving users the most secure storage options.

Conclusion

And that is it. My top picks for the best Zilliqa Wallets currently available. Which wallet you choose will depend a lot on your own personal preferences.

You can’t really beat the security of a hardware wallet. Keeping your private keys away from a PC is the best way to keep safe. Of course, this security does cost you extra. There is nothing wrong with using one of the free options available.

The second best option has to be the trust wallet. Given that it is chosen by Binance one has to assume that it is one of the best mobile wallets. Of course, if you want a wallet with a great deal of functionality and coin support then you could consider the Atomic wallet.

Whichever wallet you do decide to get, make sure that you are practicing wallet security 101. Always back up your seed words and store them in safe locations. Don’t download any suspicious files in your emails and make sure to keep your antivirus up to date.

Perhaps one of the most important things that you can do to keep your ZIL safe is to avoid telling anybody about it. This makes you less of a target and anyone can get access to your ZIL with a $5 wrench attack.

Best Places to Buy ZIL


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Source: https://www.coinbureau.com/analysis/zilliqa-wallets-zil/

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Shiba Inu (SHIB) Rises to Range High

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Shiba Inu (SHIB) yesterday reached the range high where it has been trading since May 2021. If the token breaks out of that area, it could begin a parabolic rise.

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SHIB currently ranks as the 47th largest cryptocurrency by market capitalization, according to Coingecko. The main “dog competitor” and also the younger brother of Dogecoin (DOGE) broke out of the descending triangle pattern and validated the falling resistance line as support.

SHIB reaches the range high

Since the May 2021 declines, SHIB has been in a range between resistance in the $0.00000950 area (red rectangle) and support at $0.00000550 (green rectangle). Over a period of almost 4 months, the altcoin has repeatedly reached and bounced off these two areas.

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On 16 September, SHIB rose 26% to reach the resistance area again a day later. At the press release, this area rejected the price and left a long upper wick.

However, if the daily candle closes above $0.00000904, a higher high will be printed on the daily chart. Combined with the higher low (blue arrows) of 7 September, this could signal a reversal and the start of an upward impulse.

Chart by Tradingview

The possibility of breaking through the top of the range and continuing the uptrend is also confirmed by the growing volume signature. During the last two days, it reached the highest values since mid-June (red arrow).

Technical indicators confirm the possibility of the continuation of the uptrend. RSI has broken above the 50 line and is rising. MACD generated two positive momentum bars and the signal line is close to entering positive territory. The stochastic oscillator is heading upwards and is close to entering bullish territory above 80.

Chart by Tradingview

Descending triangle

The daily chart also shows the breakout from the descending triangle that occurred on 7 September (orange arrow). On that day, SHIB rose 24% and began a multi-day consolidation. It then rose to the top of the range at $0.00000950 and started a downtrend.

The downward movement validated the descending triangle line twice as support (orange circles) and brought the price to the bottom around the range support area. Since then, SHIB has risen 40% and continues its upward movement.

Chart by Tradingview

The movement target for this pattern as measured by the height of the descending triangle is the $0.00001100 level. This resistance coincides with the 1.414 Fib external retracement level measured for the last downward movement. If SHIB reaches this peak, it will confirm the breakout from the range described in the previous section.

SHIB future movement

The short-term 4-hour chart shows a breakout from the descending resistance line that has been respected since August 17. The line was tested several times until it was decisively broken through with high volume on 16 September.

At the same time, the SHIB price also broke through the short-term support/resistance area near $0.00000760 (green rectangle). It coincides with the 0.382 Fib retracement level. It is expected that in the short term it will serve as support and the price will validate the area before continuing the upward movement.

Chart by Tradingview

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

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PhD and an assistant professor at an international university in Lublin, Poland. Spent 10 years studying philosophy of nature and sport science. An author of 4 books and two dozens of scientific articles. Now, he is using his mind for the benefits of the cryptocommunity. Technical analysis enthusiast, Bitcoin warrior, and a strong supporter of the idea of decentralization. Duc in altum!

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Source: https://beincrypto.com/shiba-inu-shib-rises-to-range-high/

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AMD Not Prioritize Mining Cards Over Gaming GPUs, Says CFO

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AMD, along with other chip manufacturers, has struggled to keep up with the high demand for GPUs due to crypto mining. 

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The past year has been hard on those looking to buy gaming graphic processing units (GPUs). The same high-powered units that are used in HD gaming applications also happen to be the GPU of choice for cryptocurrency miners worldwide. As the mining of cryptos such as Bitcoin becomes more and more difficult, more and more processing power is required to achieve the same goal.

Due to this, there has been a rush on GPUs in the last year with AMD, Nvidia, and other manufacturers struggling to keep pace. AMD has come under heavy pressure because of how poor its ability to meet the growing demand has been. Some even accused the company of prioritizing mining cards over gaming chips. The pandemic was another root cause of this shortage as the world’s population demanded more home electronics and entertainment devices across the board. 

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During the recent Deutsche Bank Technology Conference, CFO of AMD Devinder Kumar said that AMD was not prioritizing GPU cryptocurrency miners when asked directly about it. Kumar’s response was “crypto, negligible. That’s not a priority for us. We do not prioritize our products or make them for the crypto folks is not for the gamers, and that’s a high priority from that standpoint. What’s driven the growth, as you know, we had the Radeon 6000 Series high-end GPUs introduced very competitive and that is driving the growth in the GPU space.” 

Crypto-specific cards might be the answer

Nvidia has suffered through the same issue as its competition and is tackling it in a rather reasonable way. The company began to produce and market GPUs that were specifically designed for cryptocurrency miners. Nvidia creating a distinct separation between the two should help alleviate the rush on gaming GPUs that users are scrambling to purchase. 

The crypto-mining processors (CMPs) that are now being sold aren’t as sophisticated as their gaming counterparts because they don’t need to be. Because they can’t be used for conventional graphics-related tasks, they will not flood the GPU secondary market. CMP cards can’t be used for graphics-related tasks are therefore won’t flood the secondary market with GPUs.

Another step that Nvidia has taken to combat this issue is to nerf its currency line of GPUs to make them less suited to the task of mining cryptocurrencies. Due to this, they are only effective as gaming cards.

What do you think about this subject? Write to us and tell us!

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Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news.

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Source: https://beincrypto.com/amd-not-prioritize-mining-cards-more-than-gaming-gpus/

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Tomi Heroes NFT Sales Surpasses $1.35M

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NFT and DeFi enthusiasts worldwide may be wondering why Tomi Heroes have been popping off on OpenSea in recent days.

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These non-fungible tokens grant access to Tomi’s token presale soon, so the limited-edition sets are in high demand. With 395 Ether roughly $1.37 million in traded volume, it is evident that this is the project to keep an eye on over the coming days. 

Massive TOMI Presale ROI Potential

As Tomi Heroes generate more proceeds, the team will use these funds to purchase and burn TOMI token during the TOMI sale on SushiSwap.

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It is a no-brainer for any TOMI presale participant, as, given the contribution by the TOMI team from the NFT sale, the return on investment potential is borderline astronomical.

As more FOMO kicks in among investors who seek exposure to the TOMI presale rounds, the remaining NFTs will generate even more attention and return for the presale.

It is essential to see this project for what it embodies. It is not just an NFT collectible, although these items will likely remain very popular on the secondary market after the token sale concludes.

Instead, it is a tool to facilitate token presale participation and incentivize holding the NFT rather than flipping it for a quick profit like so many other projects. 

Moreover, using the proceeds to make the TOMI token even more scarce is a gamechanger in the crypto industry.

Since the project focuses on giving back to the stakeholders with no profits for the developers, other NFT projects can learn a thing or two from how Tomi approaches this novel technology.

Perhaps this will set a precedent for ethical and inventive demand-driven tokenomics.

Investing in Tomi Heroes is a smart idea if you are interested in partaking in the TOMI presale rounds. It is essential to gain access to one of these five presale rounds, as they are available for only 30 minutes each.

The current rate of ETH trading volume is sufficient to make investors 10x on their TOMI investment even if no one else would participate in the token sale and it remains at a $75,000 market cap. 

The TOMI launch will happen on the Polygon network via the SushiSwap platform to avoid transaction delays and high gas fees. The token presale rounds will take place on September 21, 2021, with each of the five presale rounds lasting 30 minutes. .

A dive into the Tomi technology

To grasp the potential of TOMI, it is essential to look at what the ecosystem will provide to its users. Powering scalable projects through blockchain technology and introducing DEX swapping are two of its core solutions.

The focus on decentralized finance can change the lives of millions of people by democratizing access to alternative financial services and products.

Aligning this vision with PancakeSwap’s success and long-term plan can create a sustainable and attractive outlook for cryptocurrency and blockchain over the coming years. 

TOMISwap will serve as the next-generation decentralized trading platform built by the Tomi team. It will run on the Ethereum blockchain and facilitate the swapping of multiple tokens without forcing users to spend an arm and a leg on transaction fees.

Offering sustainable, efficient, cheap, and fast solutions for transactions at a high throughput helps conserve energy and offers scalability that will benefit all participants. 

The transaction fee per swap is capped at 0.3% of the amount, thanks to the use of decentralized liquidity providers. Of those fees:

  • Liquidity providers will earn 66.6% of transaction fees from TOMISwap and the Sushiswap smart contract’s activity, 
  • Governance token stakers will receive 16.6% of the transaction fee.
  • TOMISwap user giveaways will be allocated 8.3% of the transaction fee.
  • The remaining 8.3% goes to TOMIFundMe. 

Through TOMIFundMe, every person on the planet can set up a profile to share project ideas and business plans.

Rather than stopping there, TOMIFundMe will help business ideas grow and evolve if they can change the world for the better.

All TOMI holders can vote on projects to receive a grant. Those grants are paid out using the 8.3% of all TOMISwap fees collected for this purpose.

It is a front-row seat to future development in the decentralized industry, unlike anything that has been seen before. 

The team’s strong focus on wealth distribution and making a positive societal impact brink value to the TOMI token and those who hold it in their portfolio. However, there are multiple benefits to holding that token.

TOMI utility In a nutshell

The TOMI token serves multiple purposes in the Tomi ecosystem, as it is the native currency.

Ranging from community governance to liquidity provision and cheap transactions, there are multiple reasons to like the concept of TOMI.

Governance token stakers receive passive income from TOMISWAP and can vote on the new era of blockchain development.

Traders can benefit from cheap transaction fees and liquidity rewards through swapping DEX. 

With an initial supply of 1.5 billion – capturing the initial needs of the project – the team opts for using half of the coins to provide liquidity through Sushiswap.

Another 250 million tokens will fund the development of the project and require TOMI governance token holder approval before spending.

The remaining 500 million – to be unlocked over three years – is used for the Community pool. There are no free tokens for the founders or anyone else to ensure a fair distribution and release. 

After the TOMI sale concludes, the team will launch TomiSwap and TOMI staking in October 2021. TomIFundMe will be released in Q1 2022, somewhere near February.

The Tomi blockchain – marking the migration away from Ethereum – goes live in Q3 2022 and will support ERC-20 tokens. 

Closing thoughts

The ongoing interest in the Tomi NFTs confirms investors are on board with the team’s vision of creating wealth for everyone through fairness and transparency.

Moreover, the team’s choice to use all proceeds to buy back TOMI tokens and reduce the supply from day one – without any developer receiving a free allocation of tokens – confirms their commitment to a long-term business plan capable of changing DeFi for good. 

A confident team with a solid business plan and a forward-thinking approach can make many ideas become reality. As cryptocurrency becomes a more mainstream concept, now is the time to build wealth and share it with everyone else. All aspects of Tomi fulfill that outlook and provide value and incentive for TOMI holders.

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Source: https://beincrypto.com/tomi-heroes-nft-sales-surpasses-1-35m/

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