Josh Ellithorpe
I like terminal prompts.
Wallets in the BCH Ecosystem
Josh Ellithorpe - October 10th, 2018
A quick overview.
- What's a wallet?
- Custodial vs. non-custodial wallets.
- Types of non-custodial wallets.
- BIP-70.
- Wallet comparisons.
- The future of wallets.
- Shoutouts!
What's a wallet?
A wallet is simply an application that allows you to send and receive money on the blockchain.
At least, that is what they were...
Cutodial vs non-custodial wallets.
There are primarily two types of wallets. Custodial wallets that hold funds on your behalf and manage your private keys, and non-custodial wallets which store your private keys on your device and keep you in full control of your money!
A few custodial wallets...
Types of non-custodial wallets.
- Simplified Payment Verification (SPV)
- Connects to any BCH node on the network! - Remote Procedure Call (RPC)
- Requires API gateway that sends messages to the network on your behalf! - Full Node Wallet
- Runs a full node and requires the entire blockchain!
BIP-70
BIP-70 is a spec designed by Mike Hearn and Gavin Andresen in 2016 designed to provide a better customer experience when paying with Bitcoin. This is now used by BitPay merchants all over the globe and is an essential feature for BCH wallets!
- https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki
Wallet comparisons.
| Name | Identity | Mobile | Desktop | Type | BIP-70 | HD | Tokens | OSS |
|---|---|---|---|---|---|---|---|---|
| HandCash | Handle | Yes* | No | SPV | Yes | Yes | No | No |
| Centbee | Phone Number | Yes | No | RPC | No | Yes | No | No |
| Bitcoin.com | No | Yes | Browser | RPC | Yes | Yes | No | Yes |
| Copay | No | Yes | Browser | RPC | Yes | Yes | No | Yes |
| Yenom | No | Yes | No | SPV/RPC | No | Yes | No | No* |
| Bitcoin ABC, BU, XT | No | No | Yes | Full | No | No | No | Yes |
| Bitcoin Cash Wallet | No | Android | No | SPV | Yes | No | No | Yes |
| Exodus | No | No | Yes | RPC | No | Yes | No | No* |
| btc.com | No | Yes | No | RPC | Yes | Yes | No | No |
| Coinbase | Yes | Browser | Custodial | No | No | No | No | |
| BadgerWallet | CashID | No | Browser | RPC | No | Yes | Wormhole | Yes |
| Tippr | Twitter/Reddit | N/A | N/A | Custodial | No | Yes | No | No |
| BRD | No | Yes | No | SPV | No | Yes | No | Yes |
| Edge | No | Yes | No | RPC | Yes | Yes | No | Yes |
| Blockchain.info | No | Yes | Browser | RPC | No | Yes | No | No |
| Electron Cash | No | Yes | Yes | SPV/RPC | Yes | Yes | SLP | Yes |
The future of wallets.
- Support for identity systems. We already see this starting with HandCash handles, BadgerWallet support for CashID, and Centbee integrating full contact list integration based on phone number!
- Token support!
- Privacy features like CashShuffle.
- Simpler UX to onboard more new crypto users.
- Multi account support in a single wallet!
- DApp browser and integrations.
Shoutouts!
HandCash
A recent addition to the BCH wallet ecosystem.
- NFC support.
- BIP-70 support.
- SPV.
- Fantastic UX.
- Identities via handles!
- Handle API for third party integrations.
- POP! point of sale solution.
Bitcoin.com
The most popular BCH wallet for mobile!
- BIP-70 support.
- Supports BTC and BCH.
- Available for iOS, Android and the browser.
- Over 1 million downloads.
- Faucet available for new users.
- Open source.
Electron Cash
One of the first wallets available for BCH and has been innovating since day 1.
- Supports SLP tokens!
- BIP-70 support.
- Plugins - CashShuffle and Scheduled Payments (Desktop only).
- Available for mobile, desktop and feature phone!
- Open source.
BadgerWallet
The newest web based wallet for BCH based on MetaMask!
- CashID support!
- Wormhole tokens!
- Focus on DApps!
- Badger Button!
- Open source.
EDGE
A multi currency wallet with full BCH feature set!
- BIP-70 support!
- CashAddr support!
- Easily swap currencies!
- Open source.
- Available for iOS and Android.
Thanks!
Now go enjoy your hackathon!
Wallets in the BCH Ecosystem
By Josh Ellithorpe
Wallets in the BCH Ecosystem
Keynote at BCHDevCon.
