<html> <p><img src="https://jaxx.io/images/2Multichain1.png" width="580" height="579"/></p> <p>First of all I have no affiliation with Jaxx and am simply stating my opinion based on personal research.</p> <h2>Benefits of Jaxx wallet</h2> <p>The Jaxx wallet first interested me because of it's ability to store a wide array of different cryptocurrency assets. The fact that the hot wallet itself has a built in exchange (Shapeshift) is revolutionary in how this wallet helps give the power back to the people. Charlie Shrem of Bitcoin fame is involved in the Jaxx offering and he gets it. So does Erik Voorhees (involved in Shapeshift). The Jaxx wallet has the potential to help us live in a world where multiple cryptocurrencies can coexist and maintain the different values. When the individual users carries around the Bank (the wallet) and the Exchange (Shapeshift) they can instantly convert into whatever asset they desire or even speculate on movements thus providing better liquidity to help ensure the different markets continue to thrive. </p> <p>Admittedly this information is not specifically new and this position is more philosophical than technical. It does deserve some attention though. One other aspect of the Jaxx wallet that is personally empowering is the many platforms it is available on: Android, iOS, Mac, PC, Chrome.... combined with how you can access your cryptocurrency funds with a 12 word phrase. If you can memorize your 12 word phrase you have more personal power available to you than you may first realize.</p> <p>Imagine for a moment that you somehow get in trouble with the law perhaps not even for doing anything that particularly harmful (thinking of Charlie perhaps) or you live in an oppressive country or whatever the scenario may be in which all of your possessions are stolen or confiscated or destroyed. If you can memorize your word phrase you could still gain access to your cryptocurrencies at a future date. If you need some advice on how to memorize your phrase, check out the book Moonwalking With Einstein.</p> <h2>Drawbacks to Jaxx</h2> <p>As bullish and excited as I am about the Jaxx wallet, they have admittedly lost some consumer trust. A few months ago there were several stories about hacking and lost funds. There are also many accounts of people with lots of quirky bugs and inconsistencies. These are important issues for the Jaxx team to resolve in order for Jaxx to truly reach it's potential. Thankfully the Jaxx team has recently stated that they have been doing some serious backend improvements and with fingers crossed, perhaps they will have ironed out all the bugs in the updates they say are coming out in the next few weeks. With this in mind it makes sense to be cautious with amounts stored in Jaxx until we know if they have it working like the well oiled machine that we all hope it can be. </p> </html>
| author | avataraustin |
|---|---|
| permlink | why-the-jaxx-wallet-could-end-up-being-the-best-hot-wallet-option-for-cryptocurrency-users |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency","bitcoin","blockchain","crypto","wallet"],"app":"steemit/0.1","format":"html","image":["https://jaxx.io/images/2Multichain1.png"]} |
| created | 2017-08-28 06:52:09 |
| last_update | 2017-08-28 09:23:00 |
| depth | 0 |
| children | 3 |
| last_payout | 2017-09-04 06:52:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.342 HBD |
| curator_payout_value | 0.107 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.605 HBD |
| body_length | 2,987 |
| author_reputation | 17,914,392,656 |
| root_title | "Why the Jaxx wallet could end up being the best hot wallet option for cryptocurrency users" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 13,095,725 |
| net_rshares | 116,176,320,037 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| yogi | 0 | 21,345,052,637 | 10% | ||
| inity | 0 | 141,381,000 | 100% | ||
| promoted | 0 | 92,444,073,354 | 2.02% | ||
| avataraustin | 0 | 1,160,629,716 | 100% | ||
| nalgene | 0 | 1,085,183,330 | 100% |
I started out with Jaxx but it has to be the most frustrating wallet out there. The balances shown are incorrect every other transaction (fixable only by resetting the cache), transactions fail more than in other wallets, the security problems and now the inability to add BCH (for a wallet that's all about supporting **multiple currencies**)... It supports a lot of coins but none of the 'special' features that make the coins unique (no instant or private send for Dash, no segwit for litecoin or bitcoin, no private transactions for zcash,...) But the interface is pretty good. For someone not technical it's easier to use than the more complicated wallets...
| author | yogi |
|---|---|
| permlink | re-avataraustin-why-the-jaxx-wallet-could-end-up-being-the-best-hot-wallet-option-for-cryptocurrency-users-20170829t113923819z |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| created | 2017-08-29 11:39:24 |
| last_update | 2017-08-29 11:39:24 |
| depth | 1 |
| children | 2 |
| last_payout | 2017-09-05 11:39:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.515 HBD |
| curator_payout_value | 0.171 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 671 |
| author_reputation | 24,631,816,177,191 |
| root_title | "Why the Jaxx wallet could end up being the best hot wallet option for cryptocurrency users" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 13,220,318 |
| net_rshares | 192,188,390,738 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| yogi | 0 | 192,188,390,738 | 100% |
I am still waiting for them to add BCH. Anyone knows what is happening?
| author | tisakowi |
|---|---|
| permlink | re-yogi-re-avataraustin-why-the-jaxx-wallet-could-end-up-being-the-best-hot-wallet-option-for-cryptocurrency-users-20170829t154730519z |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| created | 2017-08-29 15:47:30 |
| last_update | 2017-08-29 15:47:30 |
| depth | 2 |
| children | 1 |
| last_payout | 2017-09-05 15:47:30 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 71 |
| author_reputation | 0 |
| root_title | "Why the Jaxx wallet could end up being the best hot wallet option for cryptocurrency users" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 13,242,817 |
| net_rshares | 0 |
They'll do it eventually... What you could do if you want your BCH now is to export the private BTC keys and import them in a different BCH wallet. (kudos to them for at least giving you full control over your private keys).
| author | yogi |
|---|---|
| permlink | re-tisakowi-re-yogi-re-avataraustin-why-the-jaxx-wallet-could-end-up-being-the-best-hot-wallet-option-for-cryptocurrency-users-20170830t134058542z |
| category | cryptocurrency |
| json_metadata | {"tags":["cryptocurrency"],"app":"steemit/0.1"} |
| created | 2017-08-30 13:40:57 |
| last_update | 2017-08-30 13:41:15 |
| depth | 3 |
| children | 0 |
| last_payout | 2017-09-06 13:40:57 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.500 HBD |
| curator_payout_value | 0.166 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 224 |
| author_reputation | 24,631,816,177,191 |
| root_title | "Why the Jaxx wallet could end up being the best hot wallet option for cryptocurrency users" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 13,340,928 |
| net_rshares | 197,526,957,148 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| yogi | 0 | 197,526,957,148 | 100% |
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