Review on Kimera by Temitope Babatunde
What You Can Do With Kimera Wallet
Kimera wallet is not a popular wallet but it has some great features. It required from the user to do some level of KYC before they can use the wallet, which means it is not anonymous. The wallet private key is at the level of the team, that is it is stored on their server, so user has no access to it.
The wallet system provide some utilities for the users, like erc20 smart contract for token deployment which means one can use it to keep any erc20 base token, smart contract deployment for ICO's, can be use to carry out crowd sale etc. The users of the wallet recieve periodic information about their transactions.
This wallet is good for both individual user and enterprise because of the features it possesses. Meanwhile the team still have much to do so as to make the wallet known.
Pros
- it has HD system.
- It is multisignature so it is useful for enterprise where more than one person can have access to a wallet.
- It use to give periodic updates to the user on their transactions.
- Has 2 factor authentication for security as parts of it's security measure.
Cons
- It required kyc, which means the user must be ready to reveal their identity.
- The private key is with the third party.
