Blockstream Green Wallet Launched To Keep Bitcoin Holders Safe

Blockstream green wallet is here to give Bitcoin holders a more secure option to storing their cryptocurrencies. The Blockstream’s green wallet is available to the Android and iOS mobile phone users.

Cryptocurrency Wallet Launch

The newly launched Blockstream green wallet is a rebranded version of the GreenAddress Bitcoin mobile wallet. The latest version, the green wallet offers a more seamless UX and top security. Perhaps, it is one of the safest, sleekest and most convenient mobile wallet for storing and tracking Bitcoin transactions on the blockchain.

Blockstream green wallet has 2-of-2 multisig by default, like its predecessor. A unique feature that makes the wallet more enticing to Bitcoin holders is that it keeps one key on your device and the other on the company’s servers. This means when users losses their mobile devices or it got stolen, there’s still a chance they are able to regain access to their funds.

Also, the Blockstream green wallet has a host of 2FA methods which ranges from Google authenticator to email, phone call, or SMS, depending on the wallet user’s preference.

In an announcement by the company, it assures its users that the same multisig security that its existing users know and love was retained. Also, the firm has packaged a whole host of advanced features that should get its power users excited.

Best Cryptographic Security For Bitcoin

Notably, the wallet is developed by one of the most respected names in the cryptocurrency space, Adam Back. He is the inventor of Cypherpunk and Hashcash. Using the wallet requires no KYC. All it requires is an email for wallet recovery purpose only.

Another unique feature of the Blockstream green wallet is its support for the two major Bitcoin hardware wallet products, Trezor One, and the Ledger Nano S. However, the wallet does not support Ledger Nano X, but work is ongoing on support for other models.

Adam Back, in a tweet, mentioned that,

“IMO using @Ledger or @Trezor hardware wallet with
@Blockstream green on Android plus multsig 2FA (Google auth with offline device) & the option of cross-verifying with your own fullnode over Tor is probably the most secure self-contained portable Bitcoin solution available today.”

Meanwhile, if you are in search of a wallet to trade and store altcoins, this is not the required wallet for you. But if you are in search of the best cryptographic security for your Bitcoins, the Blockstream green wallet is one of your best options.