Business 20 February 2018Vince Dioquino
Edge launches multi-asset wallet with native Bitcoin Cash support
After rebranding in October 2017 from its previous name ‘Airbitz,’ the wallet and bitcoin directory now serves a multi-asset wallet with native Bitcoin Cash support. The company has adopted a new name—Edge—a name that represents its value proposition of integrating a blockchain wallet’s features with an industry-tested security platform.
In a Medium post, Edge CEO Paul Puey described the wallet as a “private, secure, open-source, and easy-to-use multi-asset wallet they [users] can depend on.”
Unlike most commercial wallets in the cryptocurrency space, Edge Wallet utilizes an open-source architecture that has been available since the previous Airbitz wallet launched in 2014. Without too many proprietary constraints, the Edge wallet works with a modular architecture that can be customized by security-conscious users to employ additional layers of encryption.
Edge will also release a software development kit (SDK) for developers to work on. The wallet’s open-source architecture allows it to seamlessly and securely transact with any blockchain or token. Developers from different blockchains are encouraged by Edge to contribute and support their code through publicly available plugins.
In the announcement, Puey shared Edge’s vision of a different approach to cryptocurrency security to the community.
“The Edge Wallet is an integration of three core offerings: a hyper-secure and private personal vault, a friendly usable interface for blockchain networks and services, and an encrypted single sign-on solution for decentralized applications,” Puey summarized.
In an earlier interview with Bitcoin Magazine, Puey explored the concept of “securing the edges,” a theme that has emerged from and forms the basis of his work with EdgeSecure, a blockchain-inspired, decentralized, open-source, zero-knowledge, global information security solution. According to Puey, there are aspects of cryptocurrency security that need to be addressed with a fresh perspective.
“We initially wanted to address revolved around how to effectively use secure keys…We feel like this has really differentiated us in the whole area of key management,” he said, adding that their team views its approach as “fundamentally different in the sense that we’re not trying to make a router or server more secure. Rather, our aim is to take data and secure it before it ever hits a device.”
The CEO believes that in the future, “Edge-secure” applications will trend and people will find their integrated support for such platforms as ShapeShift and Augur as easier ways to seamlessly convert funds between digital assets and tokens. Puey adds that Edge is unique for being “the only multi-asset mobile wallet that allows users to manually add ERC-20 tokens” which they don’t natively support.
In an age of hyper-mediatized flows of information, it is easy for users to lose focus and slip over in terms of security. According to Edge, the way organizations have served as centralized “custodians of valuable information” throughout history has resulted to vulnerabilities open to exploits from malicious actors.
Recent security failures in the cryptocurrency space have resulted to damages and loss of financial stability. Edge’s proposition that “data security must happen at the edge of our networks” introduces a fresh approach to cryptocurrency security solutions: it stores nothing, and yet ably facilitates data at scale towards a truly granular method of decentralizing what once were centralized ‘core’ systems.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
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