Internet of Coins (IoC), an Amsterdam-based not-for-profit blockchain agnostic project which last year held a token generation event on OpenLedger has now launched the beta for its unique cryptocurrency wallet platform.
Last year, the team raised over $1 million dollars in their crowdfunding. Since this time, the group has been hard at work to develop the wallet from alpha into the present beta version.
On beta launch, the wallet supports 17 blockchains and over 380 tokens. The team commented on the progress as “a big step towards its goal to support all cryptocurrencies on their open platform. In recent months IoC also worked on its new website to make it faster, clearer and to provide easy access to the wallet.”
IoC wallet features
The Internet of Coins wallet is deterministic and runs locally on user devices. The application does not store any keys or account data on Internet of Coins servers. Users will remain in complete control over their wallet and keys. The wallet can be used to make transfers and in the future on the IoC exchange for peer-to-peer trading. The wallet runs in the browser and works on any device.
The wallet employs a fully decentralized storage system that retains data based on Proof of Work delivered by the browser. This makes it possible to store wallet preferences encrypted and decentralized. These processes occur automatically and in the background while using the wallet.