Business 12 April 2018

Erik Gibbs

Mycelium readies full Bitcoin Cash support

Mycelium was one of the first cryptocurrency wallets to hit the market in 2008. Since its inception, the wallet has focused on SegWit-Coin BTC (also known as Bitcoin Legacy or Core), and offers five different account types—Hierarchical Deterministic (the wallet address changes often), Bit ID (an open protocol), Single Address, Watch-Only and Hardware, which is used for offline hardware wallets. Having said all that, the SegWit-Coin BTC-only wallet has finally decided to open up, and will soon offer support for Bitcoin Cash (BCH).

A user on the popular forum website Reddit first pointed out the pending upgrade.  The user, “LuxuriousThrowAway,” started a thread about the subject, including a link to the app in the Google Play Store. The description of the app reads, “Mycelium Bitcoin Cash Module is a technology preview of the new modular architecture. The module introduces limited Bitcoin Cash (BCH) accounts support, which allows to discover BCH on your BTC accounts and instantly exchange it to BTC so far. Full BCH support is coming soon.”

Other Reddit users began to respond, with one pointing out that the app had already been in the store for some time, but that it didn’t work. Another user pointed out that using it required using the mycelium full version wallet, and that, for now, users could only sell BCH for SegWit-Coin BTC. Several others showed their surprise that mycelium still existed.  Virtually all participants in the thread agreed that the inclusion of BCH was a good thing, but that mycelium implementation method of modularization was a little clunky.

On the Google Play Store, mycelium has been downloaded 500,000 times and has a rating of 4.1 out of 5. There have been a total of 33 reviews, with the more recent ones giving the wallet three stars or less. Hopefully, the inclusion of BCH is an indication that the wallet developers are back on track, and will be implementing more features in the not-too-distant future.

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.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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