Review on Samourai Wallet by Olugbenga Ajayi
Samoural wallet is privacy oriented
Digital wallet provides the same services a physical wallet that one can placed in the pocket and lots more. You can use a digital software wallet to send and receive cryptocurrency. Why physical wallet can easily be atolen, software wallet can not easily be atolen and one can enjoy privacy not inherent in physical wallet with software wallet. One sleek, well designed wallet like such is Samourai wallet.
Samourai wallet will be a good option for all who loves security and privacy. As a software wallet that supports only Bitcoin, it guarantees all features identifiable to bitcoin like fungibility, decentralization and the rest. In fact the developers promised a wallet that will deliver the best in terms of security and privacy. My research about this wallet convinced me that they really mean what they said.
I will list the features and the advantages of using the wallet in the pros and cons section.
It is good to mention that the wallet is only for Android for now. Also users are allowed to determine the transaction fee.
Pros
- The wallet includes many features that can be used to improve the privacy of each transaction. One is Ricochet which is a way to mislead hackers by routing a transaction through several addresses before taking it to the actual address it is meant for
- Every incoming transaction has different address
- It uses Tor and VPN to veil transaction IP address
- Transaction fee is dynamic
- With stealth mode users can hide the shortcut to the app from anyone who gain access to the device whether by theft or whatever
- Private keys are encrypted right on users device
Cons
- It is only bitcoin wallet. Other major cryptocurrencies should be included
- Does not have app for IOS
