Review on Jaxx Wallet by Mathias David
Not Minding It's Past Security Record, The Jaxx Wallet Is Still Actively Used By Traders
The Jaxx wallet is a cryptocurrency wallet that is well known and reputated for it's top-notched services. They have been able to achieve this great height mainly due to the numerous efforts they've put into making their site a one in a million of it's kind. The crypto wallet was argued to have been founded and controlled by a well experienced man who also happens to be the co-founder of the Ethereum project. I guess this is the reason why the wallet has so many interesting features and has been able to gather millions of traders to use their wallet services. It's a cryptocurrency wallet that has its mobile applications available on both mobile devices and desktop. This would make their services available to almost all traders (as traders either use a mobile device or desktop). Their interface looks quite professional as it is well built and beautifully decorated. Their interface also brings latest information about the blockchain network and this is constantly updated. I actually signed up with them using my Chrome browser so I'm not sure if that's how it is for their mobile applications.
In the course of gaining information about the wallet, I got to discovered that not minding the security features it possess such as the AES-256 encryption, password and pin, the wallet was still hacked in 2014. The blockchain network is known for many security breaches which usually cause the loss of millions of dollars. Most times, companies that have experienced such would be left with little or not trust from their users. So the question here is that after the hack in 2014, would the Jaxx wallet still survive and continue getting the interest of traders out there? Well, the question is partially answered as a lot of traders (in which I am one of them) are still signing up to their platform. I guess they realized it was a mistake and the company would never fall a prey to such mistakes again.
Pros
- The Jaxx wallet is a really experienced project as proven by the fact that the founder has a hand in the creation of Ethereum
- They have been able to make good use of encryption
- User interface looks professional to me, a product of experience
- The wallet services are available to both desktop and mobile devices users
- I was actually surprised to see some news about the blockchain network being displayed on their interface
Cons
- The wallet is yet to make use of the 2 Factor Authentication. I think they should apply it soon so as to prevent reoccurrence of a hack
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Comments (1)
January 23, 2021
The Jaxx wallet is one of the many crypto companies that surprise me. All these while, I never knew they've had a past security issue and the person trying to refer me never said so but I guess they've improved alot better after what happened
