Review on Jaxx Wallet by Praise Olagbadun
Talking About Security In Jaxx Wallet
The Jaxx wallet is a multi currency wallet that was launched by the Decentral Inc in the year 2016 by a Canadian Entrepreneur Anthony Di Lorio as Jaxx classic at first. It is located at Downtown Toronto in Canada. Although there are so many crypto wallets available, the Jaxx wallet has distinguished itself in a positive way.
My first experience with the mobile application is worth remembering, the platform has its application available on both desktop and mobile devices. For desktop, it is available on Windows, Linux and MacOS and for the mobile devices, the Android and iPhone applications are available. I downloaded the application on my Android device and I really enjoyed my experience with it especially in terms of its security system. It has a 12 word backup seed which is required to recovery Los accounts. It also sways off hackers by generation a random public key for all transactions that at made, this is possible due to the fact that it is a HD wallet. Not minding the fact that it is highly secured, it was breathe in the year 2017 and lost $400,000. Although the money lost is not too high, it is still worthy to be mentioned. Its user interface is very friendly and easily accessible and can be used by all classes of people. I can't really talk about other things in relation to the wallet except the security
Pros
- A well secured wallet
- Offers backup process
- Saves its users from had, due to the fact that it is a HD wallet
Cons
- It has been breathe, leaving it a bit trusted
