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Jaxx Multi Currency Wallet b

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Jaxx Wallet: Empowering Users with Cryptocurrency Control

Jaxx, originally developed by Ethereum co-founder Anthony Di Iorio in 2014, serves as a versatile wallet service designed to provide users with a comprehensive range of cryptocurrency management tools. Beyond typical wallet functions like transactions, buying, and selling, Jaxx stands out by allowing users to seamlessly convert between various cryptocurrencies within the wallet itself.

The wallet boasts extensive support for a diverse array of cryptocurrencies, aligning with its core goal of accommodating a wide range of projects in the cryptocurrency space. Notably, Jaxx prioritizes placing users firmly in charge of their private keys, a pivotal aspect of the project. Private keys remain securely stored locally on the user's device, eliminating the need for access to external servers.

It's important to highlight that Jaxx doesn't offer support or exchange services for fiat currencies, maintaining a focus solely on the realm of cryptocurrencies. Users are equipped with a single master seed backup, which simplifies the backup process.

Operating on a hierarchical deterministic structure, Jaxx wallets offer simplicity and convenience. However, multi-signature functionality and two-factor authentication are absent features within this wallet. Additionally, the closed-source nature of the code restricts the ability to assess the exact level of security implemented.

The wallet interface prominently displays the spendable balance, and a notable "max send" feature further streamlines user experience. Jaxx is versatile in terms of platform compatibility, with support spanning browsers, Android, and iOS. Users appreciate its user-friendly nature, as it facilitates effortless cryptocurrency exchanges among the supported assets.

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Pros & Cons

  • Initiated in 2014 by a co-founder of Ethereum
  • Enables standard wallet operations and includes in-wallet conversion features for supported cryptocurrencies
  • Supports an extensive range of cryptocurrencies
  • Employs local client-side hosting for enhanced security of private keys
  • Utilizes a hierarchical deterministic structure for wallets
  • Offers compatibility with a diverse array of platforms
  • Recognized for its user-friendly interface and ease of use
  • No support for fiat currencies
  • Lacks multi-signature functionality
  • Does not provide a two-factor authentication option
  • The code is not available as open-source

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