Review on Ethereum Mist Wallet by Yinka Yemisi
Ethereum mist wallet dapp, a light version of Ethereum wallet
Ethereum mist wallet dapp is a light version of Ethereum wallet. It has the same functions as Ethereum wallet and it was created by the same developer.
Users can move smart contract inside the wallet. It also make funding of account with bitcoin very easy by using shapeshift or by credit card (although this method is meant for US base only) through coinbase and you can transfer directly from your bank account.
There is key attach with this wallet. Users are allow to keep their private key, no third party can have access to the key unless the users of the wallet exposed it. With this private key the wallet is secure.
It is a decktop hybrid application with web interface. To set up Ethereum mist wallet dapp required computing skill because users need to understand or knowledgeable on how Ethereum blockchain work so it suitable for web developers.
It does not have fee for transacting on the platform.utnding digital assets from the wallet will attract miner fee to validate the transaction.
It considered to be safe, the users are in control of their private key. It has multi signature option. For multiple account holders. It is possible to use one wallet with multiple signature setting, with this security it is possible to monitor wallet. And before a transaction can be confirm all signatories have to sign authorization transaction.
It is open source wallet which makes it easy to detect any fraud even before it happen or before it affect the security of the wallet.
Pros
- It best suitable for web developers
- Users are in control of their private key
- It very secure with standard security
- It make it easier to buy and trade crypto in one platform
- It has multl signature option
- It is open source
Cons
- It take time to complete loading
- It does not support Android device
- It only support eth and erc20 token
