cryptcurrency edge wallet explained

Edge started out as a bitcoin wallet and business directory called AirBitz. Now, they plan on expanding into the world of cybersecurity. Edge now offers the Edge Security Platform to ease consumer and investor concerns regarding large-scale data breaches. In this post, I will be going over what Edge Wallet is, and why it’s one of the best non-custodial cryptocurrency wallets on the market.

Edge Wallet

During the winter of 2014 Edge began as AirBitz, a business directory and crypto wallet the brand is still widely known for. This Bitcoin wallet was their first application for the Edge Security model. They worked hard to create a software development kit (SDK) for developers to use the tools of the AirBitz Wallet. They successfully completed this mission in 2015. From then on, the Edge Security SDK has been a prevalent part of multiple successful blockchain projects.

By 2017, the AirBitz Wallet was renowned far more than a simple Bitcoin Wallet. Now, it was a multicurrency wallet as well as a solution for data security. As the company coined “Edge Security”, the only logical step next would be to turn their data security solutions into a platform.

edge way

What Does Edge Security Plan to Solve?

Edge Security plans to change the historic reliance on large corporations and organizations to secure our data. This security model creates huge pools of data, making these organizations a target for both attackers and hackers alike. It only takes one vulnerability for a hacker to gain the ability to access everyone’s personal data. The Edge team saw how these ‘trusted’ data custodians are able to fail and decided to do something about it. Paired with blockchain technology, the Edge Security Platform aims to eradicate large-scale data breaches, allowing everyone to use emerging networks with fewer security worries.

Edge Wallet Features

With the Edge Security platform still under development, many users enjoy the AirBitz Bitcoin Wallet. This wallet supports several different cryptocurrencies, allowing users to hold all of their crypto assets in an easily accessible and convenient location. In order to provide the best possible multi-currency support, The Edge wallet allows users to exchange between assets on the move.

Currently, the Edge wallet supports;

  • Bitcoin
  • Ethereum
  • Litecoin
  • Wings
  • XRP
  • Bitcoin Cash
  • Dash
  • Augur REP
  • Vertcoin
  • Feathercoin
  • ZCoin
  • DigiByte
  • Bitcoin Gold
  • Indorse

The Edge team gladly accepts all requests to support other cryptocurrencies as well, so if one of the coins you are holding isn’t listed, try your luck at contacting the dev team! With the ability to request new cryptocurrencies, one can only assume that the list of currently supported coins will expand in the future.

move assets

How Does Edge Wallet Differ From the Competition?

Usually, traditional cryptocurrency wallets only support a single currency. This means if you have multiple digital assets, you’ll need multiple applications in order to manage them all. Separately. With the Edge wallet, quality of life is increased tenfold as you are able to manage many (or even all) of your cryptocurrency assets within the same application. In addition to this, the passwords and login information you’d need to remember in order to access multiple applications is significantly lower with Edge Wallet.

Also, the Edge Wallet is one of the few cryptocurrency wallets that allow users to both store their crypto AND to exchange it. This means users can use Edge as either just a wallet or as a trading platform also.

How Does Edge Provide Security?

It may be important to note that the Edge team coined the term “Edge Security” and plan to launch an Edge Security platform. With a bold statement like this, it’s pretty much a given that their products remain highly secure.

Cutting edge security, user privacy, and ease of use are at the foundation of everything we build. The Edge Wallet combines these features into one user friendly platform for beginners and experts alike. – Edge

One of Edge’s main features that aid in this, is their client-side encryption. This means that every piece of data will be encrypted through your device before the info reaches their data servers. Having client-side encryption greatly reduces the risk of a server hack, or malware affecting your data. Plus, it gives you the assurance that Edge, as a company, is unable to access your personal information.

Conclusion

Edge has been a highly reputable cryptocurrency wallet for a long time now. With wallet support for several different cryptocurrencies, a crypto exchange platform within the application and top-tier security, there is no question as to why this may be.

Will you be using an Edge wallet in the future? Or do you already own one? Let us know your thoughts about Edge in the comments below!

5/5 (3 Reviews)

Read more ...

Disclaimer Notice:

This article is intended to educate and should in no way be seen as investment advice or an enticement to use the ice3x.com platform. Bitcoin is highly volatile with big profit opportunities but you should also remember that you could lose part or all of your investment whenever you take part in any high risk investment. Bitcoin trading is not a regulated industry in South Africa, which in itself carries additional risks. IF YOU ARE NOT AN ASTUTE BITCOIN TRADER, SEEK INDEPENDENT FINANCIAL ADVICE BEFORE MAKING ANY INVESTMENTS.