Review on WallETH by Temitope Babatunde
Though Simple But Not Totally Decentralized
WallEth wallet was developed by Eth core developer LIGI. It is very simple to use and even easier to install. Though it support all erc20 tokens but user will have to add some tokens manually before it can recognized it.
Though has security because the user keep the private key, but one have to weigh it well before using it, for example it uses third party API's to display the fiat value of one portfolio meaning that it is somehow centralized. It do not have ENS support and no support for erc721 token but plan is ongoing for this. It use to relay to the network through an RPC provider and this makes it vulnerable.
In conclusion if you are looking for a simple wallet to host your Erc20 tokens it is good, but when it come to total decentralization it is not OK.
Pros
- It is open source
- It can be connected to a hardware wallet like Trezor for more security.
- Your private key is on your phone and not on their server.
- Free to download
Cons
- Limited in usage since it only support erc20 token.
- It do not automatically detect token send to it, you have to add the address manually.
