AXEL, a global, distributed and decentralized network secured by Masternode technology, announced today the launch of AXEL.Wallet, which goes live today on its blockchain powered AXEL.Network.
AXEL.Network was created to help foster the movement from centralized to decentralized computing – often referred to as the internet of the future. Users around the globe now have an alternative solution for safe, secure and true peer-to-peer transactions.
The wallet going live signifies the realization of full implementation of the AXEL blockchain, which secures the AXEL Network.
The desktop wallets are now available, with web and mobile wallets to be released in June. When accessing AXEL.Network, users can now utilize AXEL Wallet to store their AXEL Tokens and execute transactions that include sending or sharing digital assets, or eventually selling digital content (i.e. images, music, games, etc.).
[perfectpullquote align=”full” bordertop=”false” cite=”Ben Ow, President and CTO of AXEL” link=”” color=”” class=”” size=””]”People often think of Blockchain as a faraway concept, but in reality it’s a formidable technology with real-world use cases, and AXEL Wallet illustrates just how it can be a part of one’s everyday life. We keep building solutions that provide a better and more secure way for users to manage data every day. We are excited to be at the forefront once again, with the launch of AXEL Wallet on our AXEL.Network platform.”[/perfectpullquote]
How Does AXEL Wallet Work
AXEL Wallet utilizes a transaction hash explorer, which means that a user can check a transaction hash that is linked to real-world data. This is part of the company’s proprietary SOAP Process (Secure Organize Authenticate Protect), which serves as the platform’s foundation, and links user transactions to real data such as a warranty, software license, contract, or other real-time information that may be relevant.
It also means that digital assets and data on the network can have immutability – in other words, anything that is transacted on AXEL.Network and originated from the network’s distributed database or storage products will be unchangeable when attached to one of the transaction hashes.
AXEL Wallet is comprised of the following key features:
- Full cryptocurrency wallet functionality
- Multi-sig capabilities allows multiple people to manage wallets at the same time
- Overview of network functionality and Masternodes Staking component
(If a user keeps the wallet live and stakes tokens in that wallet, the user can receive rewards without operating a Masternode)
