Synonym Launches Mobile Bitcoin Wallet With New Web Protocol

2 years ago

Synonym, a Bitcoin and Lightning Network work provider, has released the Bitkit Wallet, a mobile bitcoin wallet for some Apple and Android devices, per a merchandise sent to Bitcoin Magazine.

The wallet boasts galore features specified as: portable societal profiles, dynamic payable contacts, interoperable information feeds, and passwordless web accounts. Additionally, the wallet uses Bitcoin cryptographic seeds to make keys for the company’s recently developed web protocol called Slashtags.

Slashtags enables users to instrumentality power of their data. The protocol does not necessitate a blockchain, includes uncensorable societal profiles, automatically-updated contacts, interaction outgo preferences, passwordless authentication, and immoderate further features arsenic well.

“Bitkit isn’t a emblematic Bitcoin app,” said Paolo Ardoino, CSO of Synonym. “The Synonym squad person managed to instrumentality wallets to the adjacent level with a beauteous plan and innovative utile caller features that volition assistance guarantee hyperbitcoinizaion.”

The Slashtags protocol is open-source and modular allowing the ecosystem to beryllium wide accessible to builders. In fact, the institution adjacent released a bundle improvement kit which serves arsenic a sandbox oregon “Playground” which developers tin usage to simulate assorted Slashtag use-cases.

“As much and much radical suffer power of their information to Big Tech companies, and suffer power of their assets to Big Banks and institutions, we felt the request to make unfastened alternatives that empower civilians to reboot the Web and the economy,” said John Carvalho, CEO of Synonym.

Moreover, connected signifier astatine the caller PlanB Forum, Synonym announced 2 caller initiatives. Pear, a tokenized recognition strategy for assets, products and services, and the Blocktank Instant. Blocktank allows exchanges and wallet providers to rapidly onboard users to the Lightning Network. 

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