Ethereum & ERC20 Token Wallet imToken To Integrate With Ledger & CoolBitX

by | Nov 5, 2018 | Cryptocurrency, Cryptocurrency News

Ethereum | ERC 20 | imToken | Wallet | Ledger | CoolbitX

Ledger wallet users will soon be able to manage cryptocurrency via the imToken, backed by IDG Capital. imToken claims that their solution will allow linking of cold wallets form Ledger and CoolBitX. A firm based in Taiwan, CoolBitX is partially owned by SBI Holdings, a huge financial company that operates in Japan.

The CEO and creator of imToken, Ben He said that the project is aimed at bridging the hardware and software gap in the crypto wallets. In doing so, they want to increase the global mainstream adoption of cryptocurrencies.

Hardware Wallet

While using a hardware wallet crypto holdings are stored offline, which makes it difficult for hackers to access the assets. As for users, they require access to a desktop that is fitted with a client in order to access their digital coins. The connection is established via a USB cable.

The imToken CEO noted that the such wallets indeed offer the best kind of protection but their adoption rate remains quite low.  Thus they felt the vacuum of collaborating hot wallets and cold wallets. They opted to integrated hot wallets with the security of cold wallets, evolving a better security for crypto assets. Users could manage assets with ease while ensuring the safety of their assets.

Read more: Top Ethereum Wallets That Supports Smart Contracts

imToken

The imToken solution allow Ledger and Coolwallet users to keep their private key offline. However, instead of connecting the device every time, they can do cryptocurrency transactions and take part in DApps by using the imToken app. The USB cable is replaced with Bluetooth.

The integration of imToken for Blue from Ledger in Q1 2019 and Coolwallet S from CoolbitX in December 2018. For now only Bluetooth enabled cold wallets will be able to access this feature, however, all future wallets will have Bluetooth connections.

Founded in 2016, imToken has grow into the biggest wallets for the ETH network. With over 7 million users, 75% of which come from China, the wallet claims that it handles 10 percent of all transactions in ETH.

Read more: Bitcoin Cash HardFork – Ledger Wallet To Suspend BCH Support On 15 November

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The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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The CEO of Google, Sundar Pichai, addresses the New York Times DealBook conference and says that his 11-year-old son was mining Ethereum on the Family’s home PC, that the former have built. He stated this while answering a question about parenting advice for parents residing in Silicon Valley.

According to a recent New York Times article, Parents working in tech or residents of Silicon Valley often worry about the screen time and tech addiction amongst the children.  Pichai shared insight into his parenting 101:

“I’m like every other parent I guess. I do test a lot of gadgets at home so I have vulnerabilities in terms of how my kids get access to stuff.”

Soon he added that his 11-year-old son had been mining the cryptocurrency Ethereum. He elaborated:

“Last week I was at dinner with my son and I was talking about something about Bitcoin and my son clarified what I was talking about was Ethereum, which is slightly different. He’s 11 years old. And he told me he’s mining it.”

When the inquisitive audience questioned him about the server his son used, Pichai explained that the family only had a simple computer which he has built himself. Pichai added that he had to explain his crypto-enthusiast son the nation’s paper money system.

“I had [to] more explain to him how paper money actually works. I realized he understood Ethereum better than how paper money works. I had to talk to him about the banking system, the importance of it. It was a good conversation.”

Read More: Which Is The Best Ethereum Mining Pool  | Best Ethereum Pool

Not the only Heir

Pichai’s son isn’t the only cryptocurrency prodigy at Google. Co-founder Sergey Brin told in July, at a blockchain conference hosted by Sir Richard Branson in Morocco in July, that he and his son have been mining Ethereum. Brin stated:

“A year or two ago, my son insisted that we needed to get a gaming PC. I told him, ‘Okay, if we get a gaming PC, we have to mine cryptocurrency. So we set up an Ethereum miner on there, and we’ve made a few pennies, a few dollars since.”

Pichai’s latest interview came as thousands of Google employees around the world walked out in protest over the company’s handling of sexual misconduct allegations. When asked about the protest he said:

“This anger and frustration within the company – we all feel it. I feel it too.”

Read more: Winklevoss Twins Sues Bitinstant Founder Charlie Shrem

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