I have received some requests to talk about a new cryptocurrency called MultiWallet, so that’s exactly what this article will be about. They have a nice development roadmap, interesting MultiWallet Foundation members and they are coming up on their first month birthday.
As you may have guessed from the name, MultiWallet supports multiple cryptocurrencies. By saying that, I mean users can see and control other altcoins or currencies you have stored on your computer. Although this might sound like a security risk, let’s dig a bit deeper.
It goes a bit further than that as well, as you will soon be able to trade and exchange various coins and currencies via the innovative MultiWallet Technology. This also cuts out the need for a centralized authority, whether it would be a bank or an exchange.
As of this writing, the multiple coin support is still in development, and looks to be about 70% done. No official ETA is available at this point on when we might be able to expect this feature, but we will keep an eye out for any further information.
Before we take a look at what other features are under development, I want to tell you a bit more about the MultiiWallet Foundation. As I mentioned before, it’s made up of several interesting people, between the age of 19 and 49, from both Europe and the US. To find out more about the MultiWallet Foundation members, click here.
What strikes me as interesting is the fact there is no Lead Developer for MultiWallet, but rather three Assistant Developers. The reasoning behind this is so that all future decisions about the future of this altcoin will be based on the consensus of all team members.
So what can we expect from the MultiWallet Foundation besides the support for multiple cryptocurrencies? Quite a few things actually, so we will try to go through them in order of how far development has come so far.
It actually looks like we might see two of the upcoming features being released at the same time, or at least very close to each other. There will be a wallet redesign for the MWC client, which looks to be about 80& completed so far.
The other feature we might see released at the same time, is the 1st phase in-wallet trading. This will allow MWC users to trade and exchange MultiWallet on exchanges from the client. A feature we have seen in several altcoins over the past few weeks, but still, very nice to have!
After that, we will have the multiple coin support, as mentioned before, which will be followed shortly by increased wallet security. We have not received exact details on what we can expect from this, but we will keep an eye out for further information.
As anonymity features are still a hot topic in the world of cryptocurrency and altcoins, the MWC Foundation will provide their users with exactly that. Whether this will be encrypted messaging, anonymous chat, some sort of transaction anonymity or something else entirely, remains to be seen.
The final two MultiWallet features we can expect at some point in the future, are 2nd phase in-wallet trading and in-wallet FIAT trading. I assume the in-wallet FIAT trading will be available for multiple cryptocurrencies, but we will keep an eye out for further updates in that regard.
You can find the MultiWallet developer roadmap here.
Let’s take a look at MultiWallet’s technical specifications :
Coin name: MultiWalletCoin
Total number of coins: ~27.2 mil
Block time: 120sec
Block reward: 10,000
1st block: 50,000 MWC (0.16% premine for bounties and tipbots)
2-20 blocks: 1 MWC (to prevent instamine)
21-3000 blocks: 10,000 MWC (regular POW block reward)
Last POW block: 3000
POS starts at: 2500 block
POS interest up to: 5% per year
Coins stake after: 5 hours
Transactions require: 5 confirmations
Blocks mature after: 70 confirmations
Premine: 50,000 MWC (0.16%)
As far as exchanges go, you can trade MWC on BitTrex, C-Cex and AllCoin.
To find out more about MultiWallet, you can use the following sources :
Website : http://www.multiwalletcoin.com/
BitcoinTalk : https://bitcointalk.org/index.php?topic=752808.0
Twitter : https://twitter.com/Multi_Wallet
Facebook : https://www.facebook.com/multiwalletcoin