Tech 27 August 2018

Erik Gibbs

Pixel BCH wallet: An innovative crypto wallet with a twist

The Pixel Bitcoin Cash (BCH) wallet shows what happens when necessity meets innovation. The wallet allows BCH to be sent securely through a medium most would never expect—a picture. The concept is already gaining a lot of attention and has a myriad of uses that make it extremely versatile and functional in a variety of settings.

With Pixel, it’s now possible to send a picture containing a BCH transaction to someone without anyone realizing what lies underneath. Both the sender and the receiver must have the Pixel wallet, which is currently only available for Android devices through the Google Play store. An iOS version, however, is in the works.

According to the Pixel team, the wallet uses AES256 encryption, developed using Python. It encodes the information into the wallet as data for an image using steganography, the ability to conceal information inside a computer file. An application programming interface (API) is used to call the functions necessary to encode or decode the message, protecting it from being reverse-engineered.

The Pixel team, a small, dedicated group of five individuals, is always working on enhancements for the platform. For example, a Pixel image can be used as part of a publicity campaign on YouTube. The image can be loaded before the start of the video. At some random point in the video, the password can be revealed so that a lucky viewer can claim his or her BCH.

Retail outlets can offer instant rebates with the platform. Upon making a purchase, the consumer can be sent an email containing an image with an embedded BCH transaction to claim their rebate. Satellite TV providers can create rewards that allow viewers to claim BCH when purchasing a particular pay-per-view movie or event.

Pixel is also a great way to complete the negotiation of a contract. A user can send a contract with an attached image and, as soon as the contract is accepted, the password is supplied to access the BCH payment. It also is a great way to spur interest on social media, provided the platform doesn’t resize the image. Social media users can promote a theme or an event using a hashtag and offer a BCH reward, for example, to the 10,000th viewer to like the post.

Another important area where the Pixel wallet can be highly beneficial is for Know Your Customer (KYC). Wherever KYC rules are in place, a selfie with a BCH transaction hidden inside will take care of two of the necessary steps.

As BCH continues to make strides as the world’s only true digital retail currency, projects like Pixel show why it is becoming the preferred cryptocurrency. The next several years are going to be a fascinating time to be a part of the crypto space.

An earlier version of this earlier used the term stenography instead of steganography in referring to the practice of concealing information inside a computer file.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

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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