Review on Tokenly Pockets by Olugbenga Ajayi
Tokenly pockets is a digital wallet with basic functionalities
Tokenly pockets wallet is a digital token wallet powered by bitcoin. The wallet is a Google chrome extension. So anyone that wishes to use this wallet must first install Google chrome.
The wallet is a convenient way to transact with Bitcoin and supported altcoins.
With the inbuilt shapeshift technology, exchange between bitcoins and counterparty tokens is made easy and convenient.
One good thing with wallets like this is that they are easily updated.
All wallets created are in Tokenly pockets is heirachichally deterministic. The wallet is secure and safe since it is a browser based wallet. But can it be as safe as other standalone wallets.
My view is that wallet like this are rather meant for basic use and for beginners but not for advanced users and enterprises. It lacks features like multisignature and many more useful features.
Pros
- The wallet is free. Users don't need to download from app store as it is a chrome extension
- It is an easy payment solution
- Wallets like this are easily updated and upgraded
- Users can store, buy and use tokens conveniently
- Availability of shapeshift makes Exchange easy
- The software is open source and can be verified on GitHub
Cons
- No multisignature features
- No two factor authentication or other major security features
