Omniwallet Overview

Omniwallet is a web wallet designed specifically for the Omni Layer, an open-source and decentralized asset platform built on top of the Bitcoin blockchain. This wallet allows users to send, receive, and store Bitcoin as well as Omni assets.

Key Features

Omniwallet offers several key features:

• Support for Bitcoin and Omni assets
• Partial control over private keys (private keys are never sent to the server in plain form)
• Option for users to host their data on their own server
• No support for fiat currencies
• Ability for users to create their own assets on the Omni Layer and trade on the Omni Layer exchange
• Open-source code

Limitations

Despite its unique focus on the Omni Layer, Omniwallet has several limitations:

• Not hierarchical deterministic
• No multi-signature functionality
• No option for users to enable two-factor authentication
• It functions more as an add-on to Omni Layer features and is not an all-in-one wallet solution
• Competing wallets may offer more features and better overall offerings

Omniwallet is particularly suitable for users interacting with the Omni Layer protocol.